Loan Against a BMW 5 Series

If you’re seeking a loan against a BMW 5 Series, Pawn My Car can help. We offer fast, trusted and completely discreet loans against BMWs in South Africa.

Pawning a BMW 5 Series: the process

The process of getting a loan against a BMW 5 through Pawn My Car is quick and transparent. A loan enquiry can be submitted online, through our call centre, via a Pawn My Car branch or by WhatsApp.

A representative will contact you with a loan estimate based on the BMW’s age, condition and odometer reading.

Following the initial offer, the sedan is physically appraised at a Pawn My Car branch. A contract is drawn up, outlining the fees, repayment period and interest rate, and signed.

Documents to support the application are handed over – the original vehicle registration certificate and your ID and proof of residence.

The BMW 5 Series is retained by us as collateral and safely stored and insured for the period of the loan.

The agreed loan amount is transferred into your bank account, typically on the same day. On repayment of the loan, the car is returned to you in exactly the same condition it was left in.

How popular is the BMW 5 Series in South Africa?

South Africa and the BMW 5 Series are inextricably linked. As far back as 1973 when the E12, the first generation of Fives, was built, South Africa has been producer and destination market for these sleek, powerful and sophisticated machines.

The first, second and third generations of the series rolled off the production lines at the BMW facility in Rosslyn, the first BMW plant to be built outside Germany.

A modification of the E12, the E12/8, was unique to South Africa and featured components from the second generation, installed into the E12 chassis.

Another cult classic, the 530 MLE, was an African original assembled at Rosslyn. At one time, the local production facility was the only assembly-point of M5s other than the parent plant in Munich.

To date, three BMW 5 Series have been awarded the South African Car of the Year – BMW 525i (1990), BMW 528i (1997) and BMW 530d (2011).

Where to get a loan against a BMW 5 Series in South Africa

Pawn My Car operates branches in all major cities. We’re open during normal office hours.

Contact details of Pawn My Car branches in South Africa

Where to get a loan against a BMW 5 Series in Cape Town

Pawn My Car Cape Town: 021 419 1113

Where to get a loan against a BMW 5 Series in Gqeberha

Pawn My Car Gqeberha: 041 368 9590

Where to get a loan against a BMW 5 Series in Durban

Pawn My Car Durban: 031 305 7202

Where to get a loan against a BMW 5 Series in Johannesburg

Pawn My Car Sandton: 011 440 0052


When is pawning a BMW 5 Series a good idea?

A loan against a vehicle is an example of a short-term loan. It is ideal for covering a short-term need for funds.

For example, it may be an ideal solution for:

  • covering expenses before an expected inflow of cash becomes available
  • bridging a cash-flow shortage for your business while waiting for invoices to be settled
  • exploiting a time-sensitive investment or business opportunity
  • expanding a small business venture.

Like a loan of any type, it’s a solution only if you’re confident you’ll be able to repay it in accordance with the terms of the applicable loan agreement.

In the event of a serious default on the loan agreement, the vehicle you provided as security could be used by the lender to recoup losses.

Unlike many other types of loans, however, a car pawn loan can’t put your other personal possessions, monthly income or business at risk.

Advantages of using a BMW 5 Series to secure a loan

Any South African who owns a BMW Series 5 qualifies for a loan, provided the vehicle is fully paid for and registered in their name.

There is no need for credit checks, proof of income or proof of employment. This is because the vehicle secures the loan.

Typically, funds are transferred to your account within 24 hours of application.

You will have to part with your BMW for the duration of the loan agreement, after which it will be returned to you in exactly the same condition you left it.

Please note that we warn consumers against “pawn your car and still drive it” schemes, which pose an unacceptably high risk that you’ll end up losing your vehicle. Find out more in this Daily Maverick article.

Why use Pawn My Car for a loan against a BMW

Pawn My Car is a well-established and trusted business with branches countrywide. Our parent company is a registered financial services provider, and we comply fully with National Credit Act regulations.

Additional advantages we offer:

  • fast access to funds (typically within 24 hours)
  • no hidden fees or early settlement penalties
  • no credit checks and zero impact on your credit score
  • flexible repayment terms
  • complete discretion.

For more information about a loan against a BMW 5 Series, contact us on 0861 112 866 or simply complete and submit our online application form.

Complete an application now

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.

Illustrative example

Client borrows R10,000 for 90 days.

Repayment Period
Monthly Repayment
Total Cost of Loan
Monthly Fee
(Interest + Service Charge)
Loan Amount


Repayment Period

3 months

Monthly Repayment


Total Cost of Loan


Initiation Fee


Monthly Fee (Interest + Service Charge)




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