Lamna

Established in 2013, Lamna is a specialised finance company that offers a variety of short-term loans backed by assets.

With a presence in multiple locations across the country, Lamna operates in three primary business divisions: moveable asset loans, vehicle finance loans, and bridging finance solutions. With a track record of assisting over 11,000 clients and providing more than R2 billion in funding, Lamna has established itself as a trusted financial partner.

At Lamna, the loan application process is efficient, transparent, and confidential. They allow applicants to use a wide range of collateral, eliminating the need for complicated paperwork or income verification. Lamna's objective is to fully comprehend the individual credit requirements of their clients and offer creative and cost-effective financing options.

Compliance with the National Credit Act is of utmost importance to Lamna. They ensure that their clients receive competitive short-term loans and benefit from the highest level of service while enjoying full protection under South Africa's lending and credit legislation. By adhering to these regulations, Lamna guarantees a secure and compliant lending experience for their valued customers.

Experts ready to deliver value

As a specialised finance company, Lamna accepts a diverse range of assets as collateral for their loans. These assets encompass movable items such as vehicles, boats, jewelry, luxury watches, and artwork, enabling clients to secure loans ranging from R20,000 up to a substantial sum of R10 million. Moreover, Lamna extends its services to include asset-based loans specifically designed for unencumbered commercial properties. Previous loan values for commercial property assets have ranged from R500,000 to as high as R10 million.

By offering such a broad spectrum of acceptable collateral, Lamna provides clients with flexibility and convenience when it comes to securing the necessary funds. Their comprehensive approach to asset-based lending caters to a wide range of individuals and businesses, ensuring that their unique financial needs are met effectively and efficiently.

More about asset backed finance from Lamna

When submitting a loan application to Lamna, an appraisal is conducted to determine the market value of the asset provided. Based on this assessment, Lamna formulates a loan proposal. If the client accepts the loan offer, the necessary documentation is finalised, and the loan amount is typically transferred to the client's account on the same day. To ensure the asset's security, it is stored in a controlled-access facility until the loan is fully repaid.

Lamna has established branches in various locations, including Cape Town, Gauteng, Durban, Pretoria, Port Elizabeth, and Gaborone. They offer flexible annual percentage rates (APR) and repayment options, accommodating loan terms that span from a minimum of 3 months to a maximum of 24 months. Lamna guarantees the collection of payments through monthly debit orders.

Through their asset-based loan solutions, Lamna empowers individuals by providing them with an opportunity to access the funds they require, utilizing their valuable assets as collateral.

Lamna's bridging finance service provides a convenient and efficient solution for individuals who have sold their property but are waiting for the transfer to be registered.

As a member of the Bridging Finance Association of South Africa (BFASA), Lamna aims to offer cost-effective financial options tailored to meet the specific needs of their clients.

With Lamna, clients can access up to 80% of their money before the property transfer is completed. The application process is quick and straightforward, and funds are disbursed within 24 hours. Lamna's team of experts guides clients through the application process and ensures that all necessary paperwork is completed in collaboration with their attorney.

An experienced and trusted provider of bridging finance

They have assisted over 11,000 clients with their funding needs. The company emphasizes transparency, providing full disclosure of all calculations and charges before finalizing transactions. This allows clients to make informed decisions without any hidden fees or unexpected costs.

The bridging finance service from Lamna extends to various situations. In addition to property sellers who need immediate access to their funds, Lamna also assists bond applicants who have been granted new, further, or switch bonds but require early access to their funds. Furthermore, Lamna can help real estate agents who have sold a property and need to access their commission without delay.

"Lamna's RAF bridging finance: Accessing your road accident fund settlement sooner

Lamna's Road Accident Fund (RAF) Advances provide a solution for claimants who are waiting for their RAF settlement. When a settlement agreement or court order is in place, Lamna offers bridging finance against the value of the RAF claim, allowing claimants to access their funds during the waiting period.

The application process is facilitated by Lamna's experienced team, who communicate with the claimant's attorney to complete the necessary paperwork.

Once approved, the funds are swiftly disbursed to the claimant's account. Lamna's transparent approach ensures that all costs and charges are fully disclosed upfront, and repayment is made directly by the attorney upon the RAF's payment, eliminating the need for monthly payments by the claimant.