Save Hyper, in partnership with mobicred now offers easy, affordable credit to its online clients.
Mobicred is a revolutionary South African online finance product that allows users to apply for, and receive a facility in real-time (if they meet the credit criteria). The service is specifically designed to operate with online e-commerce stores.
How Does Mobicred Work
Once your facility is in place, which is done by opening a Mobicred account here, you simply check out using the Credit Card/ Mobicred option, where you will be asked for your mobicred account information.
Mobicred can be used at any online merchant that accepts mobicred tender. What you have available in your revolving facility can be used at any time at any partner merchant.
The repayment works out to approximately 10% of the purchase price over 12 months which includes all the usual credit costs. The table below can be used as a guideline.
Take Note: mobicred indicative monthly pricing, for 12 months at 22%pa (prime-linked), excluding the monthly fee of R28.50 and a once-off account initiation fee R114.00.
The Save group was established by Moosa Noorgat in 1987 when he opened Save Cash & Carry in Pietermaritzburg. Save has grown to one of the largest Cash and Carry businesses in KZN. Since launching their online division in 2015 they have become one of the major online retailers for TV's & Appliances in SA!