Pawn Your Vehicle

If you need cash, you can use a fully paid-up vehicle in your name to secure an instant loan.

Because the vehicle serves as collateral, there are no credit checks, no excessive paperwork or invasive questioning and no lengthy approval process. You can expect to have the money you need in your account almost straight away – and once you’ve repaid the loan with the agreed interest, your vehicle will be returned to you. Types of vehicles you can use to secure loans include cars, bakkies, boats, caravans and motorcycles.

How to pawn a vehicle

To get a loan against your vehicle, simply contact us and tell us the vehicle’s make, model, year and mileage of your vehicle. Note that to qualify, the vehicle must be fully paid up and in your name.

Once we have the details, we’ll make you an offer straight away, over the phone. The value of the vehicle 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 vehicle registration documents, which must be in your name; your ID book; and proof of address. We’ll inspect the vehicle and, if all is in order, finalise the agreement.

Then we’ll transfer the funds to you straight away.

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

Advantages of using a vehicle to get a loan

Using a vehicle title to get a loan isn’t the only way to secure funds. For example, you could approach a bank for a loan instead. However, using your vehicle or another valuable asset to secure a loan has important advantages.

The first is that a bad credit score won’t prevent you from getting the loan. Because the vehicle serves as collateral, your credit history isn’t relevant. It’s the value of the vehicle that secures the loan.

Similarly, we’re not interested in other factors that banks typically consider when deciding whether to approve a loan, such as your current salary, demographic profile and spending habits. These are your business, not ours.

The second key advantage is speed. If you need money fast, a bank loan may not meet your requirements. The average bank loan takes time and plenty of paperwork, all of which has to make it though a potentially lengthy approval process.

In the case of a short-term, asset-based loan on your vehicle, you’ll have access to the funds almost immediately.

Once you’ve submitted:
  1. Our representative will call you
  2. Bring your vehicle in for a value confirmation
  3. Ensure the documentation is correct
  4. Read, complete and if happy, sign the agreement
  5. Funds are transferred into your bank account.

Contact us

“InkonZo eZothile enobuhlobo. Great service. Friendly staff. I will definitely use you guys again when I need to - Amos K”
“Running a construction business creates cashflow challenges. PMC was quick and simple. - Mark”
“Thank you Pawn My Car. You saved my month - Eric”
“They helped me fund my business - Karen”
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Pawn My Car is a division of Lamna Financial Services, which is registered with
both the NCR (National Credit Regulator) and FSB (Financial Services Board).

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)