When you search for “cash loans near me”, you’re bound to end up with plenty of enticing loan offers, some of which may sound too good to be true.
Dodgy lenders and loan sharks prey on people in a tight spot. They charge exorbitant fees and interest or just straight out scam you.
Lamna offers an alternative that uses your personal, physical assets to offer you cash loans in South Africa from R20,000 to R10 million and more.
South African cities where we operate
Lamna is a registered financial services provider that has well-established offices in most major cities in South Africa.
You can find us in Cape Town, Johannesburg, Durban, Pretoria and Gqeberha (Port Elizabeth). We also have a branch in Gaborone, Botswana.
How our cash loans near me work
Our loans use a personal asset as collateral on a short-term cash loan. The loan amount is based on the value of the asset.
We take temporary possession of the asset to secure the loan. When the loan is repaid in full, the asset is returned to you and your ownership isn’t affected in any way.
This type of loan doesn’t affect your credit rating and you don’t need to declare your income, so it’s very discreet.
Assets we offer loans against
We offer short-term loans based on a wide range of valuable assets, provided they’re owned by the applicant and there’s no money owing on them (finance on a car, for example).
Assets that can be used to get a loan include gold, jewellery, vehicles, art, antiques, luxury watches and NFTs. We also offer bridging finance for property and RAF pay-outs.
Why consider Lamna?
Lamna is a specialty finance company with particular focus on short-term asset-backed transactions for high-net-worth individuals.
Lamna has been offering asset-based loans against a range of luxury assets for many years. We’re fully compliant with NCR regulations.
Other advantages of our loans include:
- fast access to funds (usually less than 24 hours)
- no impact on your credit score
- no complicated application process
- NCR-compliant interest and fees
- no penalties for early settlement.
How to get a cash loan now
To get a cash loan now, simply fill in our online application to get a provisional loan quote. Once your asset is appraised, the loan offer can be finalised.
If you’re happy to go ahead, the application is completed and the funds transferred directly into your account within 24 hours.
Time to stop searching for “cash loans near me” and get in touch with Lamna for a quick and easy asset-based loan. Contact us on 086 111 2866 (or WhatsApp on 068 725 9701), or simply complete and submit our online application form.
ILLUSTRATIVE EXAMPLE
Client borrows R10,000 for 90 days.
Loan Amount | Repayment Period | Monthly Interest | Total Cost of Loan | Initiation Fee | Monthly Fee | APR |
|---|---|---|---|---|---|---|
R10 000 | 3 months | R500.00 | R2 914.50 | R1 207.50 | R569.00 | 60% |
Fixed rates range from 36% to 60% APR and payment options range from minimum 3 to maximum 24 months. Apart from the initiation and monthly fees shown below, the only additional fee is credit life insurance if the borrower does not have this already.