Loans Against Business Vehicles in Johannesburg

Loans Against Business Vehicles in Johannesburg

How to get fast, discreet loans against business vehicles in Johannesburg, from a well-trusted financial services provider.

 

Lamna offers asset-based loans against business vehicles in Johannesburg.

Services include loans against commercial fleet vehicles and business vans, cars, bakkies and small trucks.

Where to get loans against business vehicles in Johannesburg

Raising capital against a business vehicle through Lamna is quick and easy.

The loan application process is centralised and supported by a physical vehicle appraisal at our Johannesburg branch.

You’ll find us at the Eezispace Self-Storage facility, 5 5th street, Wynberg, Sandton. The Marlboro interchange on the N1 highway is a convenient access point.

Asset-based loans against business vehicles: how they work

SMEs in a cash-flow crisis can rely on the efficacy and speed of loans against company cars and utility vehicles in Johannesburg.

To start the process, simply complete the online application form or WhatsApp or call the Lamna call centre on 086 111 2866.

A date and time will be scheduled for a vehicle appraisal at the Johannesburg branch when the resale value of the vehicle will be determined. Lamna uses the appraised value as the key indicator of the size of the loan.

The next steps are fast and simple:

  • a loan agreement is drawn up and signed
  • the vehicle is handed over and safely stored for the duration of the loan
  • the funds are transferred into your business account.

Advantages to an asset-backed loan

Getting a vehicle-backed loan through Lamna can inject capital into an SME within 24 hours. What’s more, you don’t have to relinquish ownership of a core business asset.

The transaction is completely confidential. We don’t conduct credit checks or affordability assessments.

Our loan application isn’t weighed down by reams of paperwork.

Using a vehicle to secure a business loan protects the SME’s reputation, income and assets.

In the case of a loan default, only the vehicle as collateral is sold to recover the losses. We don’t pursue the matter any further or report it to the credit agencies. 

Loans against business vehicles from Lamna in Johannesburg

Lamna is a registered credit provider, accredited with the Financial Services Board and the National Credit Regulator. We have branches in cities across South Africa and Botswana.

Our interest rates comply with those set out in the National Credit Act. We don’t impose hidden fees or early settlement penalties.

For more information about getting loans against business vehicles in Johannesburg (or elsewhere in South Africa), contact us on 086 111 2866 or 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.

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.

Non-Payment

Non-payments may result in the matters being escalated.

Renewals

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

Collection

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

Loans Against Business Vehicles in Johannesburg

Apply Online

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Loans Against Business Vehicles in Johannesburg

Apply Online

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Loans Against Business Vehicles in Johannesburg

Apply Online

Loans Against Business Vehicles in Johannesburg

Apply Online

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