What is Mobicred?
Mobicred is a simple and convenient online credit facility that allows you to shop on www.mrgrey.co.za and repay the amount in monthly instalments. Interest is charged at 21% per year. Please note the annual interest rate may change.
As a revolving credit facility, Mobicred repayments are calculated as 10% of the account balance plus fees. These fees will be confirmed with you by Mobicred on opening your Mobicred account and could entail the following:
- Monthly service fee of R35.00 (ex VAT)
- Once off account initiation fee ranging from R100-R500 (ex VAT), depending on the facility granted.
Please note: The monthly payment amount displayed is indicative only and based on 12 monthly installments excluding any Mobicred fees.
How do I pay with Mobicred?
How it works:
New Mobicred users:
- First, you’ll need to register on Mobicred’s website and complete your application.
- Once approved, you can come back and pay for your items using Mobicred*.
- Your application may take 1 business days to process
- If you need your items right now, please select a different payment method. We can’t guarantee that your items will still be in stock when you return.
Existing Mobicred users:
- Select Mobicred as your payment option during checkout.
- Log in using your Mobicred username and password.
- Enter the one-time pin (OTP) that will be sent to your mobile phone.
- Click on “Confirm & Pay”.
- Your Mobicred account will be debited and we will send you a confirmation email of your order.
If you have any questions about Mobicred you can visit www.mobicred.co.za or you can contact them via email at email@example.com or call them on 08600 62733.