At lamna, we offer online loans to individuals and businesses across South Africa.
We specialise in offering asset-backed loans, including loans against personal assets, loans against commercial property and bridging finance.
Loans we’ve provided range from R20,000 up to R10 million.
Trusted loan providers
At lamna, we are a registered credit provider (registration number NCRCP7428) and comply fully with the National Credit Act.
Find out more about what this means and how it protects consumers here.
You can look us up by doing a search for our company name or registration number in the National Credit Register database.
In addition, lamna:
- is a licensed financial services provider (FSB registration number 46335)
- has physical branches in Cape Town, Johannesburg, Durban and Port Elizabeth (we’re not an “online only” lender)
- doesn’t share clients’ information with credit bureaus or any other third party
- has been operating for many years – and we’ve built a reputation as a reputable lender in South Africa.
We invite you to check reviews from some satisfied lamna customers here.
Risks to consider when getting a loan
In today’s challenging economic environment, access to short-term funding may be needed to keep a business or household afloat. However, it can be difficult to find a lender you trust, especially online.
Use common sense and beware of scams
Please see our article on avoiding disreputable moneylenders for some general advice about online loans and details of types of scams to avoid.
Avoid pawn and drive loans
We strongly advise against “pawn and drive” loans in South Africa. We explain why in our article, Warning: The Risks of Pawn and Drive Your Car Schemes in South Africa.
Protect your privacy
Even banks – traditionally considered the safest of all lenders – share customers’ information with both credit bureaus and the government.
If you take a bank loan, for example, it can affect your credit rating. (It can also be very difficult to get a bank loan if you have a credit rating that’s fair or lower).
Other unscrupulous lenders (online or off) could share your personal information with any number of third parties, even putting you at risk of identity theft.
Online loans in South Africa with instant approval
Simply tell us about the asset you’d like to use and we’ll make an initial online loan offer, straight away.
If you’d like to proceed, we’ll ask that you make an appointment at one of our branches, for independent appraisal of the asset. We’ll then finalise a loan offer and pay the funds into your account.
For more information about our online loans, contact us on 086 111 2866 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.