Pawning a Car in Gqeberha (Port Elizabeth)

pawning a car in Gqeberha

If you’re considering pawning a car in Ggeberha (Port Elizabeth), we can help.

Pawn My Car is a well-established and trusted financial services provider, with branches across South Africa – including a branch in Ggeberha.

We offer short-term, asset-based loans against vehicles – and our process if fast, straightforward and completely discrete.

Pawning a car in Gqeberha: How it works

Pawning a car involves using it as collateral, to secure a loan.

Typically, the vehicle must be in your name and fully paid up.

The lender offers a loan amount based on the appraised resale value of the vehicle, at a specified interest rate.

If you choose to go ahead with a loan agreement, your vehicle will be kept in a secure facility until the loan and interest are repaid. It will then be returned to you.

It’s common to see “pawn and drive” schemes advertised. However, we strongly recommend avoiding this loan type. Pawn and drive schemes tend to put people at unfairly high risk of losing their vehicles – and a number have already been shut down by the courts in South Africa. Find out more in our article about this.

How much can you borrow against a car?

The amount you can borrow against a car depends completely on the appraised resale value of the car.

This will depend on factors like the car’s make, model, mileage, age and condition.

At Pawn My Car, the loans we’ve provided in the past have ranged from thousands right up to R10 million.

Who can pawn a car in Gqeberha?

Anyone who owns a vehicle can apply for a loan. The vehicle must be fully paid up and in your name.

The documents you’ll need to supply are a copy of your ID, proof of residence (such as a rates bill) and the vehicle’s original registration papers.

What are the risks involved in pawning a car in Gqeberha?

It’s vital to do business only with a properly registered, trustworthy lender.

Otherwise, you could face hidden charges and penalties – and the loan could put your ownership of your vehicle at unnecessary risk.

With a reputable lender, the risk of an asset-based loan against a vehicle should be comparatively low.

If you can’t repay the loan, the lender may sell your vehicle to recoup losses. A well-trusted lender will typically work with you to prevent this from being necessary, if at all possible.

No risk exists to your other assets or income, and this loan type won’t impact your credit rating.

How to get a short-term loan by pawning a car in Gqeberha

With Pawn My Car, the process involves three steps:

Step 1 – submit a loan application online or call us on 0861 112 866 to give us details of your vehicle, and we’ll provide an initial loan offer.

Step 2 – Arrange to have the vehicle appraised at our Pawn My Car Gqeberha branch.

Step 3 – If you choose, conclude a loan agreement and receive the funds into your account via EFT, typically within 24 hours.

Where to pawn a car in Gqeberha with Pawn My Car

Our Gqeberha branch is centrally located along Buffelsfontein Road in Mount Pleasant.

Operating hours are from 8.30am to 4.00pm, Monday through Thursday, and 8.30 a.m. to 3 p.m. on Fridays. Vehicle appraisals are by appointment.

For more information about pawning a car in Port Elizabeth, 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)