We have multiple branches across the city – and we offer trusted, completely discreet loans, typically paid out within 24 hours of your application.
Loans we’ve previously offered for movable assets, including cars, have ranged from several thousand rand to amounts as high as R10 million.
Rarely, we offer loans higher than this.
The amount of a loan we offer for a car will depend on the assessed resale value of the car. It isn’t affected by your credit score, current employment or financial history.
The assessed value of your car will be based on factors like the vehicle’s make, model, age, mileage and overall condition.
Simply contact us (call 086 111 2866 or use our online application form) and give us details about your vehicle. Based on the information you give us, we’ll make a preliminary loan offer.
If you’d like to proceed, we’ll ask that you bring your car in to one of lamna’s Cape Town branches. An independent assessor will appraise the vehicle and we’ll then make a formal loan offer.
If you choose to accept the offer, we’ll complete the paperwork and transfer the funds into your bank account, on the same day.
To qualify for a loan against a vehicle in Cape Town, you need:
- the original vehicle registration papers
- a copy of your ID
- proof of address.
The vehicle must be fully paid up and registered in your name.
With Lamna, you can conclude a loan agreement for a car in central Cape Town, or in either the Northern Suburbs or Southern Suburbs.
GETTING A LOAN FOR A CAR IN CENTRAL CAPE TOWN
Our head branch in Cape Town is on Strand Street, right opposite the State House building.
Lamna Cape Town
Office 201E, Second Floor, Soho on Strand
128 Strand Street, De Waterkant
GETTING A LOAN FOR A CAR IN THE NORTHERN SUBURBS, CAPE TOWN
You can have a car appraised in the Northern Suburbs at the Brackenfell branch of our sister company, Pawn My Car. The branch is on Old Paarl Road, near the Hypermarket. It’s between Gert Kotze and Jeanette Streets.
Pawn My Car Brackenfell
Shop 4, Aroma Village Centre
Old Paarl Road, Brackenfell
GETTING A LOAN FOR A CAR IN THE SOUTHERN SUBURBS, CAPE TOWN
You can have a car appraised in the Southern Suburbs at the Heathfield branch of our sister company, Pawn My Car. The branch is on the corner of Main and Larne Roads.
Pawn My Car Heathfield
Unit 2, Milward House
119 Main Road, Heathfield
Pawning a car in Cape Town has these advantages over other mechanisms for securing finance:
- extremely fast
Funds can typically be transferred on the same day you apply. - confidential
We don’t share information with credit bureaus, banks or any other third parties. - retention of value
You don’t have to sell your vehicle or other assets.
Not with Lamna. At Lamna, we advise against “pawn and drive” arrangements.
These deals are appealing in theory.
In practice, pawn and drive schemes involve too many scams. They’re expensive – and they put customers at an unfairly high risk of losing their vehicles.
Find out more about this in our article, The Risks Of Pawn and Drive your Car Schemes in South Africa.
With Lamna, your vehicle is kept in a secure, access-controlled facility for the duration of the loan agreement. It is returned to you once the loan amount and agreed interest are repaid.
Entering a loan agreement with Lamna will not compromise your ownership of the vehicle.
For over a decade, Lamna has been a trusted credit provider in South Africa.
We offer convenient, discreet loans against all types of high-value assets, from vehicles to luxury watches or artwork.
Our processes are straightforward and transparent. We don’t charge any hidden fees or penalties, and our interest rates comply fully with the National Credit Act.
We are a registered credit provider (registration number NCRCP7428) and a licensed financial services provider (FSB number 46335).
For more information about getting loans against cars in Cape Town, contact us on 086 111 2866 or simply complete and submit our online application form.