Using a Car to Get a Loan in Gaborone

car loan

If you own a car in Gaborone, you can use it as security for a short-term, asset-based loan. If you need access to funds, this is a fast, convenient way to unlock the value of a vehicle, without having to sell it.

The loan amount you can use a car to secure will depend on factors like the make, model and condition of the vehicle. Provided you can prove ownership of the vehicle and supply the required documents, you’ll typically have access to the funds within 24 hours.

How to borrow money against a car

lamna Botswana is a registered financial services provider that specialises in providing short-term asset-based loans. As collateral for loans, we accept all types of fully paid up vehicles, from cars, trucks and bakkies to boats and motor bikes.

We’ve made the loan application process as simple and transparent as possible. Simply send us a detailed description of your vehicle, using our online form or an email. Alternatively, phone our call centre and give a verbal account of the vehicle, including its age and current mileage.

We’ll give you an immediate indication of how much we can lend you, based on the information you’ve provided. If you’re satisfied with the offer, we’ll set up an appointment for a formal vehicle appraisal at our Gaborone branch.

Once the appraisal is completed, we make a final loan offer. If you choose to proceed, we’ll complete the necessary documentation and formalise the loan agreement while you wait. We then take possession of the vehicle, which will be stored in a secure location, and transfer the funds to your account electronically – typically on the same day.

Once you’ve paid back the loan and agreed interest, your vehicle is returned to you in the same condition you left it in. Nobody else will drive or access it while it’s in our safekeeping.

Documents you need to get a vehicle-based loan in Gaborone

An asset-based loan for a car is secured by the value of your vehicle, so there’s no need for credit checks, proof of employment or documents like bank statements.

The only documents we require are your identity document, proof of address and the vehicle’s original registration papers – which must be in your name.

Advantages of using lamna Botswana as your loan provider

Lamna specialises in providing short-term asset-backed loans for high net worth individuals.

Some advantages of our asset-based loan service:

  • immediate access to funds
  • no hidden fees or early settlement penalties
  • loans from P20,000 to P10 million
  • discrete, with no need for invasive credit or background checks
  • straightforward and trustworthy.

We comply fully with the Non-Bank Financial Institutions Regulatory Authority Act (NBFIRA) and are a professional, reputable finance company, with branches across South Africa, as well as in Gaborone, Botswana.

Where to get a loan against a car in Gaborone

The Botswana branch of lamna is located near Adcock Street in Gaborone. We offer fast, discreet loans against the value of a wide range of assets, including vehicles.

For more information about using a car to get a loan in Gaborone, contact us on 71 388 088 or simply complete and submit our online application form.

Complete our Online Application Form