086 111 2866

LOANS AGAINST COMMERCIAL PROPERTY

USE YOUR UNECUMBERED COMMERCIAL PROPERTY TO SECURE FUNDING. AVAILABLE ONLY TO COMPANIES. APPROVAL TIMES ARE FAST AND REPAYMENT TERMS ARE FLEXIBLE.

If you have a company that owns unencumbered property, you can use the property to obtain capital. With lamna, the process of taking a loan against commercial property is fast, straightforward and completely discreet.

Provide us with your bank statements for the last three months and the Erf details of your commercial property, and we’ll determine the value of the loan we can advance.

Business loans against property are not available if your property has an existing bond or if the property is owned by you as an individual rather than by a registered company.

Documents required to secure a loan against commercial property include the following:

  • original title deed and Erf details
  • 3 months’ bank statements
  • company registration documents.

Speak to a consultant

086 111 2866

or Apply online

Latest Assets News From The Lamna Blog

Speak to a consultant

086 111 2866

or Apply online

Find out more about collateral loans on property and how to borrow money against your paid up property
Have Questions?
Know more and read our FAQ’s or contact us if you have any queries.
Read the FAQs Get in Touch

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.

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.

Non-payment

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)
APR
R10 000 3 months R568.40 R12 902.20 R1 197 R560 60%