Over the past decade, car title loans have soared in popularity worldwide. Right here in South Africa, an increasing number of people are choosing to pawn their vehicles, rather than approaching banks and other institutionalised lenders for funds.

Boats, bakkies, trucks and luxury cars are being used to raise capital.

What is a car title loan?

A car title loan is a type of secured loan that uses a fully paid up vehicle as collateral. It’s a commonly used term in the USA, and is the same as an asset-based loan against a car.

Are car title loans safe?

There are a few dodgy operators specialising in pawn and drive schemes. These schemes are expensive, high risk and even illegal in South Africa.

However, there are also reputable and accredited car loan providers with reliable track records. By reading user reviews and doing your homework online, you can ensure you’re dealing with a trusted asset-based lender.

Why Pawn My Car?

1. Transparent fee structure
2. Offices in four cities
3. No early settlement penalties
4. NCA compliant interest rates
5. Registered with the FSB and NCR
6. Quick loans application process
7. In operation for several years

Where can I get a car title loan?

These days, the majority of South Africans find car title loan providers over the internet. At Pawn My Car, you can call a friendly consultant to set up an appointment at one of seven conveniently located Pawn My Car branches:

What do I need to get a car title loan?

All that’s required to facilitate a car title loan at Pawn My Car is the original car registration papers, in the name of the person applying for a loan, an ID, and a recent utility bill or bank statement as proof of residence.

With Pawn My Car, you can use a car, bakkie, truck or boat that’s in your name to secure a loan quickly and easily, with no delays. For more information, contact us on 086 172 9648 or simply complete and submit our online application form.

Complete an application now