Moveable Assets
Experienced
Lamna was established in 2013 and, through its team of trusted experts, has assisted over 11,000 clients with their funding needs.
Transparent
We are regulated by the NCR and don’t charge hidden or unexpected fees. We disclose and discuss all costs upfront so our clients can make informed decisions.
Trusted
Keeping your assets safe and secure is our primary concern. From the moment they enter into our possession, they are fully insured and safely stored in a secure facility.
How it works
Tell us about your asset
Use our online form, WhatsApp us or contact us on 086 111 2866 to give us details of the asset(s) you want to use to secure a loan. We will get back to you shortly. It’s quick and easy!
Have the asset appraised
Bring your asset and relevant documents to one for our countrywide offices for appraisal and meet our team. We will confirm the funds you can access.
Receive your funds
We’ll complete simple paperwork and disburse the funds to you, typically on the same day you apply. Your asset will be safely stored and insured, ready to be returned to you once the chosen loan term ends.
Settle your loan
Settle your loan at your convenience and your asset will be ready for you to collect – in exactly the same condition you left it.
Assets we accept for secured loans
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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 terms range from a minimum of 3 months to a maximum of 24 months. Apart from the initiation and monthly fees shown in the table, the only additional fee is credit life insurance if the borrower does not have this already.
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Have questions?
Simply fill in the form on our site or call us at 086-111-2866, give us as much information as possible about the asset you want to use as collateral and we’ll make an initial indication of what loan we can offer you. If you’re happy to proceed, we’ll ask you to meet us so we can appraise the asset and work out the details of a custom loan agreement. Once we’ve concluded a contract, we’ll advance your money straight away.
- Artwork and antiques
- Jewellery, gold and diamonds
- Luxury watches
- Cars
- Motorbikes
- Trucks
- Yachts, boats and planes
- Other: If you have valuables that don’t fit in the categories above, you may still qualify for a loan – give us as much information as you can and we’ll do our best to assist.
We can’t accept any assets that haven’t been fully paid off or that you don’t personally own.
In addition, we don’t accept:
- real estate or property deeds
- financial instruments like stocks and bonds
- electronic devices and equipment
- firearms.
The amount you can borrow depends on the nature and value of the assets you supply as collateral. Expert appraisers will assess the assets and their market value, and we’ll offer you a loan value based on their findings.
We offer loan amounts as high as R10 million.
Our expert appraisers will evaluate your asset to determine its resale value. This will depend on the nature of the asset, as well as factors like its age and current condition. We also encourage our clients to have their assets appraised independently.
The vast majority of our clients have their money within 12 to 24 hours of making a loan application.
Lamna keeps all clients’ assets in a secure off-site location that’s under constant surveillance, and takes all reasonable steps to ensure their safety. We do, however, recommend that clients insure their valuables as an extra precaution. This will cover you when you’re en route to the Lamna offices, as well as providing extra protection when your assets are in our care.
All assets are insured. We take all possible steps to ensure the safety of the assets in our care. At your request, we can provide a certificate to state that your valuables are stored in secure premises under constant surveillance, for insurance purposes.
Interest is calculated and has to be paid monthly. It’s determined in line with National Credit Guidelines and as specified in the contract we negotiate.
Yes. Our interest rates are higher than those you’ll be charged at a bank. However, we supply loans much faster than banks, without all the red tape. Our process is also completely discreet.
Once the loan and interest is repaid and the payment has reflected in our account for a period of three days, your valuables will be available for you to collect. Our clients repay their loans via EFT.
Your loan term can be extended provided your payments are up to date. We’ll need you to complete some additional documentation, however.
If you want your valuables back early, contact our office and we’ll be happy to discuss the situation further. Generally an early release of assets can be arranged.
Non-Payment​
Non-payment may result in the matter being escalated.
Renewals
All accounts may be renewed if they are up to date.
Collection
All payments are made via debit order on a monthly bases.