Get a loan against your paid up vehicle

Complete online application

How does it work?

Fill in the application form OR call us to discuss. Apply online
We call you to setup an appointment
Bring your vehicle for a valuation
Sign the agreement
Receive your funds

Why choose Pawn My Car?

Our car pawn loan service is trustworthy, quick and private, offering a reliable and ‘clean’ experience. Our charges are extremely competitive and there are no hidden fees or unknown catches. Everything is fully transparent. When you pawn your car with us we’ll react quickly and privately with funds being available the same day.

Pawn My Car has been in operation since 2013 and during this time have assisted a significant number clients to use their paid-up vehicles as collateral against a loan.

Once a transaction has been concluded, funds are immediately paid into your account and specially cleared so that the funds are available for your use before leaving the office.

Once your car is with us, it is securely parked and stored and fully insured.

We have branches nationwide; Johannesburg, Cape Town, Durban & Port Elizabeth.

“InkonZo eZothile enobuhlobo. Great service. Friendly staff. I will definitely use you guys again when I need to - Amos K”
“Running a construction business creates cashflow challenges. PMC was quick and simple. - Mark”
“Thank you Pawn My Car. You saved my month - Eric”
“They helped me fund my business - Karen”

Accreditations:

Pawn My Car is a division of Lamna Financial Services, which is registered with
both the NCR (National Credit Regulator) and FSB (Financial Services Board).

There’s no form of finance as hassle-free and discreet as taking a loan against your car from Pawn My Car.

Once you’ve submitted:
  1. Our representative will call you
  2. Bring your vehicle in for a value confirmation
  3. Ensure the documentation is correct
  4. Read, complete and if happy, sign the agreement
  5. Funds are transferred into your bank account.

Contact us

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APR & Loan 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 payments are made via EFT or direct deposits into Lamna’s bank account. There are no debit orders.

Collection

All payments are made via EFT or direct deposits into Lamna’s bank account. There are no debit orders.

Non-payment

All payments are made via EFT or direct deposits into Lamna’s bank account. There are no debit orders.

Illustrative example

Client borrows R10,000 for 90 days.

Loan
Amount
Repayment Terms
Monthly Repayment
Total Repayment
Initiation
Fee
Monthly Fee
(Interest + Service Charge)
APR
Loan Amount

R10,000

Repayment Terms

3 Months

Monthly Repayment

R560

Total Repayment

R12,370

Initiation Fee

R1,000

Monthly Fee (Interest + Service Charge)

R650

APR

60%