FAQ
How to apply for a loan

Frequently Asked Questions

Do you have any questions?

Simply fill in the form on our site or call us at 0330 341 1707, give us as much information as possible about the asset you want to use as collateral and we’ll make an initial indication of what loan we can offer you. If you’re happy to proceed, we’ll ask you to meet us so we can appraise the asset and work out the details of a custom loan agreement. Once we’ve concluded a contract, we’ll advance your money straight away.

We can’t accept any assets that haven’t been fully paid off or that you don’t personally own.

In addition, we don’t accept:

  • Real estate or property deeds
  • Financial instruments like stocks and bonds
  • Electronic devices and equipment
  • Firearms.

The amount you can borrow depends on the nature and value of the assets you supply as collateral. Expert appraisers will assess the assets and their market value, and we’ll offer you a loan value based on their findings.

Expert, independent appraisers will evaluate your assets to determine their market value. This will depend on the nature of the asset as well as factors like its age and current condition. We also encourage our clients to have their assets appraised independently.

The vast majority of our clients have their money within 12 to 24 hours of making a loan application.

Lamna keeps all clients’ assets in a secure off-site location that’s under constant surveillance, and takes all reasonable steps to ensure their safety. We do, however, recommend that clients insure their valuables as an extra precaution. This will cover you when you’re en route to the Lamna offices, as well as providing extra protection when your assets are in our care.

All assets are insured. We take all possible steps to ensure the safety of the assets in our care. At your request, we can provide a certificate to state that your valuables are stored in secure premises under constant surveillance, for insurance purposes.

Interest is calculated and at the stage of taking out the loan and payable in full together with the loan at the end of the loan term.

Once the loan and interest is repaid and the payment has reflected in our account, your valuables will be available for you to collect. Our clients repay their loans via EFT.

If you wish to renew the loan at the end of the loan period, if we agree and you pay off the interest you can renew the contract immediately. 

If you want your valuables back early, contact our office and on payment of the amount due on that day you can collect your assets once the money has cleared into our bank account.