What is mobicred?
Mobicred is a simple & convenient credit facility that allows you to safely shop online on DEALZILLA as well as other participating retailers.
The Application Process is quick and easy. You can even click here to apply.
What do I need to apply?
Application requirements: a valid South African ID Number, 18 years or older, earn a minimum monthly salary of R4500, have an existing & valid bank account in your name and have a current & valid email address and mobile number.
How to buy with MobiCred?
First of all you will need to open a mobicred account, after you have been approved and once you have selected the deal you would like to purchase, go through the usual checkout process, you will be redirected to the payment gateway and will be able to pay with your Mobicred account. Easy as that!
But what are the rates?
The interest rate charged is 24.85% per annum & in accordance with the interest rate permissible by the National Credit Act. The interest rate on your account is an annual variable rate linked to the Repo Rate and will change in accordance with changes made by the South African Reserve Bank.
The annual rate, monthly fee and the initiation fee could change over time and would therefore best be parameterised with effective dates.
a. * mobicred indicative monthly pricing, for 12 months at nn%pa, excluding the monthly fee of R28.50 and a once-off account initiation fee R114.00.