Is your loan service private?

All loans are completely private and discreet, and by appointment only. We don’t share information with credit bureaux or any other third parties.

My car is a rebuild code 3. Can you still help with a loan?

Code 3 vehicles have low resale value. It’s still possible that we can help you. However, the loan amount we offer will be lower than for a comparable code 1 or code 2 vehicle.

Will anyone drive my car while it’s in your posession?

No. For the full loan duration, your car will be kept in a secure, access-controlled storage facility. Nobody else will drive it or tamper with it in any way.

Can I pawn a car if if I don’t have the original registration papers (Form RC1)?

We need to see the original FORM RC1 and your ID before we can help. Any vehicle must be registered in your name and fully paid up before it can be used to secure a loan.

Can I settle a loan early? Are there any early payment penalties?

You can settle a loan from Pawn My Car early and we don’t charge any early settlement penalties. Interest is stopped when the repayment reflects in our bank account.

How much can you loan against a vehicle?

It depends on the vehicle’s age, condition, service history, mileage, and  trade value. We offer loans ranging from thousands to millions of rand.

What is your interest rate?

Our interest rates fluctuate with national rates and are compliance with National Credit Regulator (NCR) guidelines.

I still owe the bank money on my car. Can I pawn it?

No. Before you can pawn a car, the vehicle must be fully paid up. Up to that point, it’s not fully your property and the bank still has a financial interest in it.

Can I use a car I don't legally own as collateral for a loan?

No. We offer loans only to registered vehicle owners. The legal owner needs to sign all documentation and nominate the account where the funds are to be paid (which doesn’t have to be the owner’s bank account).

How long does the whole process take?

If you have all the documentation, less than an hour.

How long can I pawn my vehicle for?

There is no fixed loan period. This is up to you.

Can I pawn my car?

Yes. You can pawn a car or other vehicle to secure a loan, provided you are the registered owner of the vehicle and it’s fully paid up.

What does it mean to pawn a car?

Pawning a car involves using it as collateral to secure a loan. The loan amount that’s offered will be based on the assessed resale value of the car. During the loan period, the car is handed over to the loan provider for safekeeping, as security for a loan.

Where can I pawn my car and still drive it?

We strongly advise against “pawn and drive” schemes. At worst, they involve scams. At best, they put those who take loans at high risk of losing their vehicles. Find out more about why we don’t recommend pawn and drive loans.

Where can I pawn my car for cash?

Pawn My Car offers quick, discreet cash loans against cars at conveniently located branches in Cape Town, Johannesburg, Durban and Port Elizabeth. Our processes are fast, transparent and discreet.

Do pawn shops give loans on cars?

No. As a rule, traditional pawn shops in South Africa lend money only against items like jewellery, antiques, furniture, appliances, sports equipment and power tools.

How do you pawn a car?

Contact Pawn My Car on 0861 112 866 or simply complete our online application form. Tell us the make, model and year of the car, and any other relevant information and we’ll make an initial loan offer.

If you choose to proceed, we’ll arrange to appraise the car, make a final offer and complete relevant paperwork at one of our branches. The funds will then be transferred to your bank account straight away (often before you leave the branch).

Can I pawn a financed car?

No. We offer loans only against fully paid up cars.

Can I sell my car to a pawn shop?

No. Traditional pawn shops in South Africa do not deal in cars. Pawn My Car differs from these pawn shops in that it’s a division of lamna, a registered Financial Services Provider. As an asset-based loan provider, we offer loans against cars and other vehicles, including bakkies, light commercial vehicles and boats.

Call us for more information 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.


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)