Pawn Your Boat

If you have a fully paid-up boat in your name, you can unlock its value without having to sell it, by using it as collateral for a short-term loan.

Fully paid-up Boat in your name?

This means you can get the money you need and, once you’ve repaid the loan, you’ll still have your boat. You also won’t have been forced to accept a poor deal as a result of having to sell the boat in a rush, which is seldom a good idea.

Unlock value without selling
Quick approval process
Strictly confidential

No excessive paperwork
No invasive questioning
No credit bureaus or banks

Quick & simple

Running a construction business creates cashflow challenges. PMC was quick and simple.

Mark

Great service

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

Amos K

How to pawn a boat

To get a loan against your boat, simply contact us and tell us the make, model, year and mileage of the boat. The value of the boat will determine the value of the loan we offer.

If you choose to proceed, we’ll arrange a meeting, where we’ll ask to see the original boat registration documents, which must be in your name; your ID book; and proof of address. We’ll inspect the boat and, if all is in order, finalise an agreement. Then we’ll transfer the funds to your account straight away.

Note that for your boat to qualify as collateral for a loan, there can’t be any debt outstanding on it. Any boat left in our care is stored in a completely secure location.

Once you’ve repaid the loan and monthly interest (which is charged in line with National Credit Act guidelines), the boat will be safely returned to you.

Advantages of pawning a boat or other vehicle

If you use your boat to obtain a short-term, asset-based loan with us, you can expect the cash you need to be in your account within 24 hours.

There’s no credit check, no laborious paperwork and no waiting period, and the process is completely confidential.

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%

Pawn Your Boat

If you have a fully paid-up boat in your name, you can unlock its value without having to sell it, by using it as collateral for a short-term loan.

Fully paid-up Boat in your name?

This means you can get the money you need and, once you’ve repaid the loan, you’ll still have your boat. You also won’t have been forced to accept a poor deal as a result of having to sell the boat in a rush, which is seldom a good idea.

Quick & simple

Great service

How to pawn a boat

Advantages of pawning a boat or other vehicle

Take the first step.

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.

Non-payments may result in the matters being escalated.

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