
Loans against cars
Loans against cars
LoanAgainst offers fast, discrete loans against your fully paid-up car. There’s no complex application process or long wait, just access to liquidity when you need it most.
How to get a loan against your car
Getting a loan against your car is more straightforward than most other loan types.
Simply get in touch with us and give us the following information about your car:
- Make
- Model
- Year
- Mileage
Based on this information we’ll give you an estimate of the loan we’re able to offer you, subject to appraisal of your vehicle.
If you’d like to accept our offer, we’ll set up a meeting to review your documents, appraise your vehicle and finalize the loan agreement if both parties are happy to proceed.
Once you’ve signed the agreement the loan funds will be transferred to your account.
Your car will then be placed in secure off-site storage under 24 hour surveillance. We will also insure your vehicle for the duration of the loan agreement.
Interest on the loan against your vehicle will then be calculated in line with the National Credit Act. Once the loan and interest have been repaid your car will be returned to you.
What to bring to your loan application meeting
Getting a loan against your car from LoanAgainst is much easier than applying for a bank loan.
All we need to process your loan application is:
- original car registration documents, in your name
- an original identity document
- proof of address.
Why pawn your car with LoanAgainst?
Whether you are looking for emergency funding for your business or want to take out a personal loan against your car, LoanAgainst offers the benefit of fast turnaround on loan applications.
While you can wait weeks for approval of bank loans and other lending instruments that rely on your credit score and proof of income, our loans against car papers are based exclusively on the value of the vehicle you are using as loan collateral.
That means you don’t need to submit huge amounts of paperwork or disclose the state of your finances. Once you have been approved for a loan it will be paid out within 24 hours.
Apply online
BMW F30
Loan offer: R500 KFord Focus III Sport
Loan offer: R50 KRenault Laguna
Loan offer: R50 KRange Rover
Loan offer: R500 KHonda CR-V
Loan offer: R80 KMercedes-Benz C63 AMG
Loan offer: R150 K
LoanAgainst offers fast, discrete loans against your fully paid-up car. There’s no complex application process or long wait, just access to liquidity when you need it most.
How to get a loan against your car
Getting a loan against your car is more straightforward than most other loan types.
Simply get in touch with us and give us the following information about your car:
- Make
- Model
- Year
- Mileage
Based on this information we’ll give you an estimate of the loan we’re able to offer you, subject to appraisal of your vehicle.
If you’d like to accept our offer, we’ll set up a meeting to review your documents, appraise your vehicle and finalize the loan agreement if both parties are happy to proceed.
Once you’ve signed the agreement the loan funds will be transferred to your account.
Your car will then be placed in secure off-site storage under 24 hour surveillance. We will also insure your vehicle for the duration of the loan agreement.
Interest on the loan against your vehicle will then be calculated in line with the National Credit Act. Once the loan and interest have been repaid your car will be returned to you.
What to bring to your loan application meeting
Getting a loan against your car from LoanAgainst is much easier than applying for a bank loan.
All we need to process your loan application is:
- original car registration documents, in your name
- an original identity document
- proof of address.
Why pawn your car with LoanAgainst?
Whether you are looking for emergency funding for your business or want to take out a personal loan against your car, LoanAgainst offers the benefit of fast turnaround on loan applications.
While you can wait weeks for approval of bank loans and other lending instruments that rely on your credit score and proof of income, our loans against car papers are based exclusively on the value of the vehicle you are using as loan collateral.
That means you don’t need to submit huge amounts of paperwork or disclose the state of your finances. Once you have been approved for a loan it will be paid out within 24 hours.
Apply online
Pawn your car FAQ
Can I pawn a car without the original registration documents?
Unfortunately we are unable to offer a loan on your vehicle if you do not possess the original Form RC1 registration papers made out in your name.
Will anyone drive my car during the loan period?
No, your car will be placed in a secure storage facility for the duration of the loan period.
Do you accept rebuilt code 3 cars for loans?
Code 3 cars have lower market value than code 1 or 2 vehicles. Therefore, while we may be able to offer you a loan against a code 3 car it will be a lower amount than we’d offer for the same model code 1 or 2 car in similar condition.
Is my car insured for the loan period?
Yes, your car will be insured against theft and damage while it is in storage. You are, however, responsible for the insurance on the car when driving it to or from our offices.
Pawn your car FAQ
Can I pawn a car without the original registration documents?
Unfortunately we are unable to offer a loan on your vehicle if you do not possess the original Form RC1 registration papers made out in your name.
Will anyone drive my car during the loan period?
No, your car will be placed in a secure storage facility for the duration of the loan period.
Do you accept rebuilt code 3 cars for loans?
Code 3 cars have lower market value than code 1 or 2 vehicles. Therefore, while we may be able to offer you a loan against a code 3 car it will be a lower amount than we’d offer for the same model code 1 or 2 car in similar condition.
Is my car insured for the loan period?
Yes, your car will be insured against theft and damage while it is in storage. You are, however, responsible for the insurance on the car when driving it to or from our offices.
- “Your transparent valuation methodology gave me the confidence and assurance I needed to secure the funds I required. Thank you for your discreet and transparent nature in which you effected our transaction.”Diamond Ring
- “Thank you so much for assisting at such short notice and handling this transaction so professionally.”JH Pierneef
- “You managed to make an awkward circumstance simple and professional. Thank you.”Wakaba Mutheki (art)
- “Just a short note to confirm that the funds are available in my account this morning. Thanks again for handling this rather embarrassing situation professionally and discreetly. I look forward to a long association with you guys.”BMW 330i
- “I cannot begin to thank you for your approach and the entire process you managed this ‘business deal’. Please accept my sincere thanks and appreciation for appreciating my situation and treating me with your humbleness, kindness and humanity. Your disposition is rare and far between.”Lindiwe
“I cannot begin to thank you for your approach and the entire process you managed this ‘business deal’. Please accept my sincere thanks and appreciation for appreciating my situation and treating me with your humbleness, kindness and humanity. Your disposition is rare and far between.”
Lindiwe
Illustrative example
Client borrows R10,000 for 90 days.
Loan amount |
Repayment terms |
Monthly repayment |
Total repayment |
Initiation fee |
Monthly fee |
APR |
R10,000 |
3 Months |
R560 |
R12,370 |
R1,000 |
R650 |
60% |