Lamna

Lamna Financial is a National Credit Regulator accredited credit provider and specialist finance company that offers short-term loans to clients in exchange for their cars.

The company, with offices in all major centres of South Africa, and a branch in Botswana, is blazing a trail for customers over several years of its existence. Need extra cash for business projects, student loans, a property revamp, or for day-to-day expenses? Lamna has a speedy loan solution tailored to the needs of every borrower.

The application process for pawning your car

The lender accepts vehicles as collateral against loans and guarantees quick, efficient turnaround times. The company which has provided loans to thousands of satisfied clients will ensure the cash lands in the customer’s bank account in double-quick time.

There are two ways clients can apply for a loan – on an appointment basis, or through a user-friendly online portal. The company requires applicants to share the make, model, and year of the vehicle before a consultant, well versed in National Credit Act legislation, makes an offer of a proposed loan amount for the car.

Lamna saves clients valuable time through its hassle-free service and straightforward and easy-to-understand documentation, which allows deals to be negotiated on the same day a loan application is made.  

Quality service - every step of the way

Lamna prides itself on its reputation for setting the bar high when it comes to service standards for existing and potential clients. Providing top-class service is non-negotiable because they boast of highly qualified staff based at all their offices, chartered accountants, lawyers, and financial advisors.

Company personnel is trained in all aspects of rules governing the National Credit Act, ensuring that once a deal is concluded, clients are offered protection in line with the required legislation.

Whether it’s a truck, boat, valuable jewelry, property, or car a potential client wants to put down as collateral for a short-term loan,  Lamna has a plan to suit everyone’s needs. Money is paid out to clients in 24 hours. 

Lamna offers an easy loan online application

Lamna is the perfect fit for anyone needing spare cash for that unpredictable emergency that crops up from time to time. By clicking on “Apply Now” on their easy-to-use portal, the client is required to enter the following details: phone number, e-mail address and place of residence, details of the asset, and loan amount required.

If clients prefer seeing a consultant in person, they can make direct contact with a Lamna office in their region to set up an appointment. Once they have received all the client’s personal details, a consultant will contact the applicant and make a loan offer for the vehicle. If both parties agree to the offer, the client drives the car to Lamna’s premises to have it assessed and valued. 

The necessary documents are completed by the borrower under the expert guidance of a Lamna consultant and the money gets paid into the customer’s bank account within minutes.  

How  it works

The borrower’s car is stored safely and securely with the company until the loan is repaid with interest, in line with the rules of the National Credit Act legislation. Lamna guarantees that the vehicle will be returned to the borrower in the same condition and with the same odometer mileage as when it was taken into storage.

The client must present to the consultant a valid ID document, proof of address, a valid driver’s license, and a certificate of ownership before a loan can be processed. The car must be in the name of the registered owner and should be fully paid up when applying for the loan.    

Get you’re possessions valued

Lamna has previously assisted people with funding on assets of between R20,000 and R10,000,000. Depending on the value of your assets, you could qualify for a loan to the same values.