Loans Against Cars in Johannesburg

Loans Against Cars in Johannesburg

Loans Against Cars in Johannesburg

Pawn My Car provides instant loans against cars at two centrally located branches in Johannesburg. Here’s how you can resolve a personal cash-flow crisis within 24 hours.

What are loans against cars?

Loans against cars are low-risk lending options secured by fully paid-up vehicles. It’s a quick, easy and convenient way to raise funds over the short-term in Johannesburg and other major South African cities.

At Pawn My Car, we don’t request payslips or bank statements. Also, we don’t check your credit records or transactional history. All that’s required is a vehicle as collateral and a written undertaking that the loan will be paid back within the negotiated repayment period.

How to borrow money against a car in Johannesburg

The online or call-based application process for our loans against cars involves four steps.

  • You contact us with all the relevant information about the car.
  • We propose the amount of money we’re prepared to lend you.
  • The car is brought to one of our Johannesburg branches for a physical examination.
  • We give you a firm offer of a loan, draw up and sign an agreement and deposit funds into your bank account. The car stays with us, in a highly secure storage facility, until you’ve settled the loan.

What you need to get a loan against a car in Joburg

The only documents required to support the application are a copy of your ID, proof of residence and the original vehicle registration papers. They must be in the name of the person applying for the loan.

Are vehicle-backed loans low-risk?

Loans against cars are secured by an asset – a car, bakkie, truck, motorbike or boat. If the funds are not paid back, the vehicle is sold to recover the money.

Your personal and business assets can’t be attached. We don’t report defaults to the credit agencies. A loan against a car in Johannesburg is a strictly private agreement between you (the applicant) and Pawn My Car.

While your car is in our care, it’s insured and stored in a restricted-access lock-up facility. No-one is allowed to drive it. It’s returned to you in the same condition you left it in.

Where to get a loan against a car in Johannesburg

As a leader in the loans against cars niche market in South Africa, Pawn My Car has two accessible branches in Johannesburg.

The Pawn My Car Sandton branch is located just off the M40, near the intersection of Grayston Drive and the De Villiers Graf motorway.

Call us at Pawn My Car Sandton on 011 440 0052 or visit us at Eezistore Building 5, 5th Street, Wynberg, Sandton.

Our Florida, Johannesburg branch is adjacent to the Founders Restaurant and Grill and sandwiched between Gordon and Beacon Roads.

Call us at Pawn My Car Florida on 010 880 2415 or visit us at Highway Court, Corner Ontdekkers and Gordon Roads, Florida North.

Why use Pawn My Car as your car collateral loan provider?

Pawn My Car is part of Lamna Financial Services, a regulated lender registered with the Financial Services Board.

We have been providing asset-based loans to South Africans since 2013. Our interest rates are fully compliant with the National Credit Act.

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 or laborious paperwork.

For more information, 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)