loan against my car in cape town

If you live in or near Cape Town and need a loan against your car, lamna is here to help. We make getting a loan a quick, easy and stress-free process.

Do you need funds to cover unexpected expenses or to get you out of a financial tight spot? The good news is it can take just 24 hours for lamna to process your loan in Cape Town and for the money to be transferred into your bank account.

Here’s a rundown of the how, what, where and when of our fast-funding method. If you own a debt-free car, you can get a loan in Cape Town almost immediately.

Where to get a loan against a car in Cape Town

The lamna Cape Town branch is conveniently located at 128 Strand Street in the Central Business District.

A team of consultants and vehicle appraisal experts is available during normal office hours on an appointment-only basis. You can call us directly in Cape Town on 021 419 1113 to make an appointment to meet a consultant at our office. We’re easy to find at the address below.

Soho On Strand Building
128 Strand Street
Cape Town City Centre
Cape Town 8000

How to apply for a loan against a vehicle

At lamna, we make it easy for you. Call us directly or contact us online and we’ll provide an initial estimate of how much we can lend you.

We base that figure on the information you provide us about the vehicle you’re using to secure the loan. You tell us the make, model, age, mileage and condition.

You then bring the vehicle to the Cape Town branch where it’s independently appraised to ensure our initial estimate reflects a fair market price.

We then make a formal offer of a loan. The amount will be a percentage of the trade market valuation.

A loan agreement is drawn up and signed by both parties. Your car is handed over as security for the loan. The funds are then deposited immediately into your bank account.

Contact points for our Cape Town branch include our centralised call centre, the lamna office in Strand Street or our online application form.

What documents do you need to borrow money against your car?

All that’s required in terms of supporting documents is:

  • a copy of your ID
  • proof of residence
  • the car’s original registration papers.

The car must be paid up in full and registered in your name.

Why loans against cars in Cape Town are quick, easy and low risk

At lamna, we process loan applications within 24 hours. We don’t carry out credit checks or share information with credit agencies.

We rely on you to pay the loan back in full according to the terms of the agreement. However, if you default, the ownership of the car is transferred and the vehicle is sold to cover our losses.

There are no legal ramifications. Your home and personal assets are protected. There’s no record on your credit report of the transaction – or the default – having taken place.

When is the car returned?

For the duration of the repayment period, your car is insured and safely stored in a lock-up facility. It is returned to you once you’ve settled the debt, as per the loan agreement.

As the vehicle-backed loan specialists in Cape Town, we accept all types of motorised vehicles as collateral. This includes trucks, bakkies and utility vans, motor bikes, speed boats and yachts.


Now you know how to get a loan against your car in Cape Town. At lamna, we also offer fast, discreet loans against the value of a wide range of assets, from luxury watches and jewellery to artwork.

For more information about using an asset to secure a short-term loan, contact us on 086 111 2866 or simply complete and submit our online application form.

Complete our Online Application Form

Illustrative example

Client borrows R10,000 for 90 days.

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

Related posts

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%