Lamna

Lamna is a financial company dedicated to short-term asset transactions and solutions.

They are focused on their client’s individual credit needs and curating cost-efficient funding options. Lamna conforms to the South African National Credit Act so their consumers can be sure that they are trustworthy and reliable financial lenders. They provide competitive short-term loans and dependable services. They are supported by a team of trained financial advisors, chartered accountants, lawyers, and skilled appraisers.

How the process works

Lamna accepts various assets you can use for collateral, including vehicles, luxury watches, jewellery, antiques, art, yachts, and boats. The application process is quick and straightforward. Fill in their online application form, including as much information about the items you’re offering as collateral in exchange for a short-term loan.

If you are pawning your vehicle, make sure you include the make, model, mileage, and year of your car.  They will then contact you to appoint a time to evaluate the asset in person. Once they have assessed whether it meets the criteria, they will draw up a loan agreement and transfer the finances into your bank account. The whole process can take just a few hours, and you will walk away with the funds you require.

No paperwork and bad credit welcome

Lamna prioritizes their client’s needs. There is no paperwork, proof of income, or a good credit score to be eligible. Lamna will make you a sound offer for your vehicle, and you will have the finances that you need almost instantaneously. But that’s not all. Lamna also ensures that the process is straightforward and very private. They believe in tactful and trustworthy business.

Lamna  aims to make your application process as easy and simple as possible

In just 3 easy steps, you can acquire the funds that you need

• Apply Online or Via Telephone – complete their application form with as many details as possible or phone them on 086 111 2866. After you have been in contact with Lamna, they will provide you with an initial loan quote amount. 
• Meet with a consultant at one of their office branches to appraise the asset. They will make you an offer based on the vehicle’s market value, which you can accept or reject.
• Sign the quick loan agreement and provide a copy of your ID and proof of residence. They will then make an immediate electronic transfer of the funds into your account. Your asset will be safely stored at one of their facilities.

How to qualify for a pawn car loan

Your vehicle needs to be fully paid off and, in your name, if you want to qualify to pawn a car. There cannot be any outstanding bills on the vehicle. Unlike other sell your car and drive it schemes in South Africa, that is not an option with Lamna. Lamna stores your vehicle in an iron-tight access-controlled facility for the duration of your loan tenure.

Once you have given your vehicle to Lamna, it will be kept in a secure location and will not be driven by anyone else. After you have repaid the loan amount, your car will be returned to you in the same condition and mileage as when you dropped it off at the facility.

How much you can pawn your car 

The amount of the loan depends on the value of your vehicle.  At Lamna, they offer loans between thousands and millions of rands (R20,000 to R10 million). They will provide you with a fair deal based on the market value of your asset.