How it works

Get a loan against your car.

How it works

Get a loan against your car.

How to pawn your car

1

Prepare at home.

  • Your car must be fully paid.
  • The owner of the car must apply for the loan and sign the agreements.
  • Submit information online or call us. We will schedule an appointment.
2

Gather documents.

  • Bring a copy of your ID and proof of residence.
  • Provide the original vehicle registration certificate.
  • If the vehicle is in the name a company, we can still assist. Contact us for what is required.
3

Visit our office.

  • Bring the documents and the vehicle for final evaluation.
  • Read, complete, and if happy, sign the loan agreement.
  • Car is stored in a secure and fully insured facility.
  • A transfer is made to you electronically.
4

Get your car back.

  • Pay the monthly charge as per the agreement.
  • Pay the capital back as per the agreement.
  • Once money reflects in our account, collect your car and related documents.

Maximise your loan value.

To secure the most value from your loan agreement, ensure these important items are in order when you come in.

  • Have your service record handy.
  • Ensure that the tires are in good shape.
  • Bring your spare tyre.
  • Include your wheel jack.
  • Provide your spare key.
  • Verify your license is up to date.
Apply online now

  • Quick & simple

    Running a construction business creates cashflow challenges. PMC was quick and simple.
    Mark Pawn My Car testimonial
    Mark

  • Great service

    InkonZo eZothile enobuhlobo. Great service. Friendly staff. I will definitely use you guys again when I need to.
    Amos K

Take the first step.

You’re minutes away from getting the cash you need! Apply online or call us on 0861 112 866.

Apply online now
Apply online now

Illustrative example: a client borrows R10,000 for 90 days.

Loan amount

Repayment period

Monthly interest

Total cost of loan

Initiation fee

Monthly fee

APR

R10,000

3 months

R500

R2,914.50

R1,207.50

R569

60%

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.

Non-payment

Non-payments may result in the matters being escalated.

Collection

All payments are made via EFT or direct deposits into Lamna’s bank account. There are no debit orders.