Mobicred – Loan details
Revolving credit facility for online shopping up to R50,000
Loan amount
R1K – R50K
Interest from
18.00%
Term
3 – 36 months
Approval
24 hours
Pros
- ✓ Single account for many stores
- ✓ Online application in minutes
- ✓ Interest only on what you spend
- ✓ Choose your repayment term
Cons
- ✗ Higher rates than bank credit cards
- ✗ Limited to participating retailers
- ✗ Monthly admin fee on all balances
Requirements
- 18+ years old
- South African ID
- Monthly income above R5,500
- SA bank account
- Three months bank statements
Company information
Real People Investment Holdings
1 Tugela Way, Westville, Durban, 3629
https://www.mobicred.co.za/
This document is for informational purposes only. Always verify current terms and conditions directly with the lender before signing any agreement. CoolFinance.co.za is an independent comparison portal operated by double technology s.r.o., Czech Republic.