Mobicred Payment Method Information

What is Mobicred?

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Mobicred is an online credit facility –similar to an account one might hold at a retail store– but with the difference that the account holder can spend the credit at various mobicred-enabled websites, not just a single store.
They levy a monthly charge to the user, but only when the account gets used (unlike most credit cards with an indefinite monthly fee). Research has shown that a fair amount of shoppers (online and offline) are hesitant to use or apply for credit cards and prefer to use store credit on an as-needed basis.

Shop with Mobicred

Apply Online

Complete our simple online one-page credit application form and get an instant response.

Accept Terms


Accept our terms and conditions and get your credit limit.

Submit Documents

Upload or email us your documents to complete the application process.

Go Shopping

Thought there was more? Nope. You are now ready to shop online.

Are you elegible for Mobicred?

Buyers who wish to use the facility will need to open an account with mobicred.

They will do all the relevant background checks before authorising a line of credit. The majority of applications are processed and able to spend immediately, with a few that might take a bit longer if verification is needed. The buyer will receive a mobicred username and password, which can be used on all mobicred-enabled websites.

The interest rate charged is 19.5% per annum in accordance with the interest rate permissible by the National Credit Act, including a monthly fee but excludes a once-off account initiation fee. It is important to note that the pricing is indicative only and does not mean that the customer will pay this exact amount for 12 months. Mobicred’s debit order for repayment is equal to 10% of the customer’s outstanding balance.