MobiCred Online Loan can help you access cash to purchase goods online from over 55000 stores across South Africa and from over 4000 stores where you can buy using your phone, with more being added regularly. MobiCred in partnership with RCS is an online revolving credit facility, offering a pre-approved loan that gives you greater flexibility than traditional loans.
MobiCred Online Loan is designed for online purchases. It’s quick and easy to use, allowing you to borrow up to R50,000. There’s no specific repayment period, but you must make a monthly instalment of 7.5% of the amount you’ve spent. You can choose a repayment schedule that fits your budget, and you can also make early repayments without penalties.
MobiCred Online Loan Required Information and Documents
The following documents and information are needed when applying for the MobiCred Online Loan and to qualify you must meet them
- Must have a Valid South African ID
- Must be 18 years or older
- Must be employed or self-employed
- Have an active bank account
- Active phone number and Email Address
- Proof of Income: Recent Payslip or 3 months bank statement
Interest Rates And Fees
MobiCred is a transparent lender with interest rates and fees that a quite affordable, if you have an account with an active balance you will be charged an admin fee monthly and the yearly interest rate is 22.25% and those fees or interests won’t be eligible until you have started using your money.
 How To Apply For MobiCred Online Loan
To apply for a MobiCred Online Loan, you have a few options. You can download the MobiCred App from your app store, visit a local retailer that partners with MobiCred, or apply online on their website. If you choose to apply online, you will need to follow six easy steps. First, you will be asked to provide your personal details. Then, you must accept the service. After that, you will need to submit the required documents. The fourth step involves processing the debit check mandate. Next, a Curata Authentication will be performed. Finally, you will need to sign off on the pre-agreement in the sixth step.
If you qualify for the loan you will get the money you borrowed in record-breaking time, in just 15 minutes that frown will turn upside down.
Contact Details
If you want to get in touch with MobiCred regarding their Online Loan you use the following details, their friendly consultants will be in touch
- Phone: 021 126 0700
- Email: customerservice@mobicred.co.za
- WhatsApp: 060 762 8284
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