We accept a wide range of valuables as collateral for immediate short-term loans.
There’s no complex paperwork, we don’t perform credit checks and we don’t need proof of your income. The process is quick, transparent and completely discreet.
Cars
If you have a high-end car, you can use it as collateral for a loan – provided the car is registered in your name and there are no outstanding payments on it. The age and model of the car will help determine the loan we can advance.
Luxury watches Do you have a luxury watch such as a Rolex, Tag Heuer or Breitling? You can use it as security for a loan
Artwork and antiques
Use your artwork and antiques as collateral for a short term loan. Factors like the nature, artist, age and condition of pieces all contribute to their valuation and help determine the value of the loan we can offer.
Trucks and Motorbikes
Your truck or motorbike is an ideal item of property to use as security for one of our loans. Factors like the manufacturer, model and year will impact our valuation. Supplying as much information as possible will assist us in evaluating your application.
Yachts and Boats
Your yacht or boat can act as security for one of our simple and swift loans. Please supply us with as much information about the boat as possible to assist us in evaluating your application.
Other
Your other valuables may not fit into the above categories. If you think they have value and you need a loan, apply online. Please supply as much information as possible to assist us in evaluating your application.
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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.
Collection
All payments are made via EFT or direct deposits into Lamna’s bank account. There are no debit orders.
Renewals
Loans are not renewed automatically. Loans are renewed by agreement on the same terms as the original loan.
Non-payment
Non-payment will result in the ownership of the borrower’s pledged asset being transferred to the lender with no further impact on the borrower (including fees and credit bureaux).
Illustrative example
Client borrows P10,000 for 90 days.
| Loan Amount | Repayment Terms | Monthly Repayment | Total Repayment | Initiation Fee | Monthly Fee (Interest + Service charge) | APR |
|---|---|---|---|---|---|---|
| P10,000 | 3 months | P560 | P12,370 | P1,000 | P560 | 60% |