If you’re looking for a fast, discreet asset-backed loan, we can help.

Lamna is a registered financial services provider (FSP) that offers online loans on cars at locations across South Africa.

How our online loans against cars work

At Lamna, we accept all types of fully paid-up vehicles as collateral for instant car loans.

We offer an initial amount based on the information provided on our easy online application form.

Vehicles are then physically appraised to determine fair resale value and to validate our offer of funding. Legally-binding contracts are drawn up and signed by both parties.

Safe storage of assets

Cars are insured and safely stored in secure, restricted-access lock-up facilities. They remain there until the borrowed funds are repaid in full.

While in our custody, no-one has access to the vehicles and they’re not driven by anyone.

Caution against ‘pawn-and-still-drive-it’ car loans

Lamna does not provide “pawn-and-still-drive-it” car loans. These types of funding models are high risk for a number of reasons.

Lenders are typically unregulated, charge exorbitantly high interest rates, and even impose a weekly or monthly rental rate for the use of your own car.

Most pawn-and-drive loan providers expect the ownership of vehicles to be signed over to them.

This heightens the risk of losing an expensive asset if you can’t meet the terms of the agreement.

How much can I borrow?

Lamna provides loans from R20,000 to R10 million and more. The available loan amount depends entirely upon the assessed resale value of the vehicle.

Why choose Lamna?

Lamna is registered with the National Credit Regulator (NCR) and Financial Services Board (FSB). We’re a reputable financial services provider with a long and trusted track record.

We’re dedicated to ethical business practices and are fully transparent about interest rates and fees. We’re committed to client confidentiality and privacy. A loan with Lamna has no impact whatsoever on your credit score.

What’s more, we have a network of physical branches across South Africa, with a presence in Gaborone, Botswana.

What documents you’ll need

We require your ID, proof of residence and the vehicle’s original registration papers, which must be in your name.

Lamna processes online loans on cars within 24 hours. We offer competitive interest rates and flexible terms.

We also offer fast, discreet loans against the value of a wide range of assets, from luxury watches and jewellery to vehicles or artwork. For more information, contact us on 086 111 2866 or simply complete and submit our online application form.