loan to pay rent

We outline the options for if you need to get a loan to pay your rent.

Why consider a short-term loan?

Being in a position where you need to pay rent but don’t have the cash is really stressful.

You may receive a letter of demand and be liable for penalties for late payment. You might also worry that your landlord will use your rental deposit to cover your rent, or even cancel your lease.

In this situation, a loan can make a real difference. It’s a good alternative if you’re facing a  short-term cash flow issue and expect to have some money coming in over the next few weeks or months.

1. Approach a bank

Depending on the status of your credit record, a simple bank loan can do the job if you need to pay your rent.

There may be ways to get the liquidity you need without going through a long application process. For example, it might be possible simply to raise the limit on your credit card or another bank loan account.

Applying for a new line of credit is more likely to involve paperwork and delays.

If you have a poor credit record, are self-employed (with cash flow issues) or aren’t currently employed, it’s also possible that your application will be rejected.

2. Get a payday loan

Payday loans are another option for getting a loan to pay your rental.

These would only make sense if you have some of the money to pay your rental and just need to cover the shortfall, as payday lenders tend to pay out smaller loan amounts.

Payday loan providers can also charge really high interest rates, which you need to be aware of when taking out this type of loan.

So only borrow from them if you expect to be able to pay back the loan quickly.

Finally, while payday loan requirements are not as rigorous as bank ones, you’re still going to need to fill in some paperwork to get the loan approved and your application may be declined.

3. Get a loan using an asset you own as collateral

Getting a loan against an asset is a quick and easy way to generate enough cash to pay rent or other urgent expenses.

This involves using a valuable asset you own, such as a car or an expensive item of jewellery or artwork, as collateral for a loan. The loan value depends purely on the value of the asset.

To get a loan against an asset, you’ll need to take the item in for assessment. If you receive and agree to a loan offer, the funds are paid to your account immediately, with minimal red tape.

Once you repay the loan and agreed interest, the asset is returned to you.

Get a loan from lamna to cover your rent

At lamna, we offer fast, discreet loans against the value of a wide range of high-value assets, from luxury watches and jewellery to vehicles or artwork.

We have branches across South Africa and in Botswana, are a registered financial services provider and comply fully with the National Credit Regulator.

For more information about using an asset to secure a short-term loan – for example, so you can get a loan to pay your rent – contact us on 086 111 2866 or simply complete and submit our online application form.

Complete our Online Application Form

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APR & Loan repayment period

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.


All accounts may be renewed if they are up to date.


All payments are made via EFT or direct deposits into Lamna’s bank account. There are no debit orders.


Non-payments may result in the matters being escalated.

Illustrative example

Client borrows R10,000 for 90 days.

Loan Amount Repayment Period Monthly Repayment Total Cost of Loan Initiation Fee Monthly Fee
(Interest + Service charge)
R10 000 3 months R568.40 R12 902.20 R1 197 R560 60%