loan against trucks and motorbikesLoans Against Trucks and Motorbikes

If you need to obtain funds in a hurry, your truck or motorbike can act as ideal security for a short term loan. Here at lamna you won’t need to wait, there’s no confusing paperwork and no need for a clear credit rating or proof of income. Our process is speedy, simple and discreet. All you need to do is contact us and give us the details of your truck or motorbike: the year, manufacturer and model and mileage. With this information we can make a more informed valuation of your vehicle to give you the best loans against trucks or motorcycles possible. We’ll then make you an offer with no delay, over the phone. If you agree to our valuation and terms, you just need to come into our offices, we inspect the vehicle and – considering all things are in order – finalise our agreement. We then transfer the funds into your bank account instantly, while you’re still in our office. Documents you’ll need:

  • Vehicle’s registration documents
  • Proof of address
  • Your ID

Keep in mind that loans can’t be made using a vehicle that has outstanding debts as security, so ensure that there are no payments outstanding on the vehicle you wish to loan against. All vehicles stored by Lamna are kept in a completely secure space. Once you’ve repaid the loan as well as monthly interest (charged in line with National Credit Act guidelines), your vehicle will be safely and swiftly returned to you.

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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.


All payments are made via EFT or direct deposits into Lamna’s bank account. There are no debit orders.  


Loans are not renewed automatically. Loans are renewed by agreement on the same terms as the original loan.


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%