If you have a movable asset of value, you can use it to secure a short-term cash loan, typically within 24 hours of applying.
Jump to section:
- what we provide at Lamna
- where to get a cash loan
- bank loans versus asset-based loans
- how to apply for a cash loan in Botswana.
What we provide at Lamna
At Lamna, we specialise in asset-based loans against personal, movable assets. These loans use the asset as collateral. This makes them fast, discreet and simple.
You hand over the asset to secure the loan but, once the full amount is repaid, the asset is returned to you and your ownership is unaffected.
We offer this type of loan against the following movable assets:
- cars (including vintage cars)
- trucks and motorcycles
- luxury watches
- artworks and antiques
- yachts and boats
- other luxury goods like designer handbags.
Where we operate
We have offices in Gaborone in the Carramba Business Park, Phakalane. You can visit our offices to apply for a loan or simply apply online.
We also have branches in most major South African cities and in London, England.
Comparison to bank cash loans in Botswana
Traditional bank loans are usually unsecured loans. They require a good credit history and a steady income.
Asset-based loans are secured loans that don’t require you to submit payslips or your credit score. They have many advantages when compared to bank loans, including they:
- don’t affect your credit score
- don’t show up on your credit history
- need little supporting documentation
- don’t require you to be employed
- pay out quicker
- don’t put you into long-term debt
- won’t prevent you from securing future loans.
What you need to apply
Applying for cash loans in Botswana is simple with Lamna. You can apply online to start the process and get a provisional loan quote.
To proceed, we will need to perform an asset appraisal. You must make an appointment to bring the asset to our offices.
If you want to go ahead with the loan, you will need to submit the following documents:
- copy of your ID
- proof of residence
- proof of ownership (such as an invoice or vehicle registration).
Once the loan is approved, you sign the loan agreement, and we take temporary possession of the asset. It is stored securely for the duration of the loan.
For more information about cash loans in Botswana with Lamna, call us on 71 388 088 or contact us online.
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