Loans against cars in Durban are quick, low-risk personal-financing options.

Here’s what you need to know about borrowing money from lamna Financial Services using your car as collateral.

Where to apply for a loan against a car in Durban

At lamna, our core business is providing cash loans against high value assets, such as cars, motorbikes, boats, vans, bakkies and utility vehicles.

Our vehicle appraisal centre and administrative offices are a 10-minute drive along the R102 from Durban Central.

We keep normal office hours and operate on an appointment-only basis. You can contact us at our Durban branch on 086 111 2866 or find us at 77 Sydney Road, Congela.

How car-backed loans in Durban work

You call our Durban branch to tell us about your car. Based on that information, we make a provisional offer of a loan, which you can accept or reject.

If you’re satisfied with the amount of money we can lend you, you bring your car into our Durban branch for a fair market valuation. We formalise the loan amount and draw up an agreement, which is signed by both parties.

The car is retained by us as security for the loan. It’s securely parked, stored and insured. The funds are transferred to your bank account via EFT. You get the car back once you’ve paid back the borrowed money, plus interest.

At lamna Durban, we make every effort to process loans against cars on the same day.

What you need to present in order to borrow money against a car

Our lending criteria are limited to a copy of your ID card, proof of residence and the car’s original vehicle registration papers, which must be in your name.

We do not disclose the agreement to the credit bureaux and we don’t carry out credit checks.

It has no impact on your credit report when you borrow money against a car in Durban using lamna as your loan provider.

Why get a loan against a car in Durban?

Instant vehicle-backed cash loans by lamna are designed for financially distressed South Africans.

We don’t require proof of income and we don’t disqualify applicants based on their financial track record.

Our loan repayment terms are negotiable, the fees and interest rates we charge are clearly outlined in the signed agreement, and we don’t impose early settlement penalties.

If you default on the loan and you’ve exhausted any extensions to the repayment period, your car is sold to recoup the funds. We don’t pursue your remaining assets or involve debt collectors or lawyers.

When to get an instant cash loan backed by a car in Durban

Car-backed loans are essentially for people who need short-term access to emergency funding.

You may have to cover the cost of unexpected medical bills or emergency repairs to your residential property. Loans against cars in Durban are tailored to provide the finances required to do that.

Securing funds from lamna is the smart way of exploiting the intrinsic value of a car without selling it.


At lamna, we offer fast, discreet loans against the value of a wide range of assets, from cars to luxury watches, jewellery and 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%

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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%