Get a loan against your paid up vehicle
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.
There’s no form of finance as hassle-free and discreet as taking a loan against your car from Pawn My Car.
- Our representative will call you
- Bring your vehicle in for a value confirmation
- Ensure the documentation is correct
- Read, complete and if happy, sign the agreement
- Funds are transferred into your bank account.
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.
All accounts may be renewed if they are up to date.
All payments are made via EFT or direct deposits into Lamna’s bank account. There are no debit orders.
Non-payments may result in the matters being escalated.
Client borrows R10,000 for 90 days.
(Interest + Service Charge)
Monthly Fee (Interest + Service Charge)