How it works

Mobicred is digital credit that allows you to pay safely online at Tyres & More. You could qualify for a facility of up to R50,000* credit to shop all you need, and repay your balance via a convenient debit order that suits your budget.

With a Mobicred account, you’re not required to pay off your outstanding balance within a set time frame. As long as you’re making your required minimum monthly payments, you can decide how long you need to settle your outstanding balance.

You can use your account as often as you want, provided there is sufficient credit available to make purchases.

*Ts & Cs apply.

Apply for Mobicred Now

FAQ

Visit www.mobicred.co.za for all the answers you need. Here are a few to help you get started:

1. How do I apply:

Complete a simple online credit application form here.

2. What are the qualifying criteria?

While everyone’s application is unique based on their credit history, affordability criteria and other factors; here’s the basics you need to have to apply:

  • Be 18 years or older
  • Have a valid SA ID
  • Have a valid SA cell phone number and email address
  • Have an existing and valid bank account in your name

3. What is my spend limit?

Depending on your application, you may qualify for up to R50 000* digital credit. Your available limit will be confirmed with Mobicred during the application process.

4. How many times can I spend?

You can use your account to pay multiple times, as long as you have funds available. With every repayment, the money you have paid back into your credit facility becomes available to you again to keep on shopping.

5. Are there any fees or charges?

Mobicred’s fees and interest rates will be confirmed with you via a signed agreement when you open a Mobicred account. Below are some fees that may apply when you use Mobicred to pay:

  • A once-off initiation fee is raised when you use Mobicred for the first time. This amount is calculated based on the size of the facility you are granted, and is only ever charged once.
  • When you have an outstanding balance, a monthly account fee is charged. If you have no outstanding balance, this fee will not be charged until you use Mobicred again.
  • Interest is charged on the outstanding balance at an annual rate. This interest rate is a variable amount and is currently 22.25% per annum. Interest is only calculated on the amount you have used, and not on the full facility.

6. How do I shop online?

Here’s how to checkout online in less time than it takes to find your wallet!

  • Shop on Tyres & More.
  • During the checkout process, choose Mobicred as your payment option.
  • To find Mobicred select the PayU option at checkout.
  • Sign in with your Mobicred username and password. This will trigger an OTP to your registered mobile device.
  • Enter the OTP to complete the payment.
  • You’ll get your order notification right away from us.

 

 

 

7. How do I pay for my account?

Monthly instalments, as reflected in the Mobicred statement, will be deducted via debit order. You may also pay the outstanding balance via a direct EFT.

Apply for Mobicred Now

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**Ts & Cs apply. The displayed monthly payment amount is indicative monthly pricing for 12 months at the current interest rate applicable, including a monthly fee but excludes a once-off account initiation fee. Please note the annual interest rate is subject to change. Mobicred is powered by RCS Cards, a registered Credit and authorized Financial Services Provider. NCRCP 38/FSP 44481.