Pawn My Car Durban
With Pawn My Car you can pawn your car for cash in Durban. Getting access to fast funds is as simple as contacting us, setting up an appointment for a valuation, and then signing off an agreement once we’ve approved your loan. We also offer loans against trucks, boats and motorcycles. Contact us on 0861 112 866.
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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.
Renewals
All accounts may be renewed if they are up to date.
Collection
All payments are made via EFT or direct deposits into Lamna’s bank account. There are no debit orders.
Non-payment
Non-payments may result in the matters being escalated.
Illustrative example
Client borrows R10,000 for 90 days.
Loan
Amount
Repayment Terms
Monthly Repayment
Total Repayment
Initiation
Fee
Monthly Fee
(Interest + Service Charge)
APR
Loan Amount
R10,000
Repayment Terms
3 Months
Monthly Repayment
R560
Total Repayment
R12,370
Initiation Fee
R1,000
Monthly Fee (Interest + Service Charge)
R650
APR
60%