Buy Now – Pay Later

Buy Now – Pay Later

Revolving credit exclusively for online shopping.

Get approved online in seconds, Mobicred gives easy & convenient access to secure online shopping!

What is Mobicred?

Mobicred is a simple and convenient credit facility that allows customers to safely shop online at all participating retailers. It grants approved users access to an online revolving credit facility to purchase items online, the user pays 10% of the outstanding balance each month and gains access to any monies paid back into the account for purchases again.

Your Muso Store has partnered with mobicred which allows you to buy some items on the platform using credit. The approval and limits are done through Mobicred and payments are taken out monthly. When you buy an item direct on the Your Muso Store page and reach the payment gateway, you may choose the Mobicred option from. Below are a few pricing examples.

 

How to shop using Mobicred:

  1. Go to mobicred.co.za and apply for a Mobicred account in 2 easy steps.
  2. Once approved,  normally instantly, use your new found "online moola" to shop online with us.
  3. Simply add the products to your cart and upon checkout select MyGate once logged into MyGate you will be able to choose to use Mobicred.

 

Visit www.mobicred.co.za for more information.

Once your Mobicred account is registered and activated you can use Mobicred as a payment option on our online store! At checkout, select MyGate as payment option, from MyGate you will find the Mobicred payment option! Easy!

 

Monthly Installment Rounded-up:

Repo 6.00%
Current Max As per NCA 23.20%
Actual Installment Calculation: PMT(Interest Rate/12, 12, Cash Price) * -1
REFER TABLE BELOW FOR TEST PURPOSES - Columns B (Actual Instalment) and D (Actual CoC)
A B C D E F
Cash Price Monthly Instalment
actual 
Monthly Instalment
rounded-up
Total Credit Price
actual
Total Credit Price
rounded                         (based on D)
Total Credit Price
rounded                        (based on C x 12)
R 199.99 R 18.83 R 19.00 R 226.00 R 227.00 R 228.00
R 499.00 R 46.99 R 47.00 R 563.91 R 564.00 R 564.00
R 599.00 R 56.41 R 57.00 R 676.91 R 677.00 R 684.00
R 699.00 R 65.83 R 66.00 R 789.92 R 790.00 R 792.00
R 799.00 R 75.24 R 76.00 R 902.93 R 903.00 R 912.00
R 899.00 R 84.66 R 85.00 R 1,015.94 R 1,016.00 R 1,020.00
R 999.00 R 94.08 R 95.00 R 1,128.94 R 1,129.00 R 1,140.00
R 1,199.00 R 112.91 R 113.00 R 1,354.96 R 1,355.00 R 1,356.00
R 1,299.00 R 122.33 R 123.00 R 1,467.97 R 1,468.00 R 1,476.00
R 1,399.00 R 131.75 R 132.00 R 1,580.97 R 1,581.00 R 1,584.00
R 1,499.00 R 141.17 R 142.00 R 1,693.98 R 1,694.00 R 1,704.00
R 1,599.00 R 150.58 R 151.00 R 1,806.99 R 1,807.00 R 1,812.00
R 1,699.00 R 160.00 R 160.00 R 1,920.00 R 1,920.00 R 1,920.00
R 1,799.00 R 169.42 R 170.00 R 2,033.00 R 2,034.00 R 2,040.00
R 1,899.00 R 178.83 R 179.00 R 2,146.01 R 2,147.00 R 2,148.00
R 1,999.00 R 188.25 R 189.00 R 2,259.02 R 2,260.00 R 2,268.00
R 2,199.00 R 207.09 R 208.00 R 2,485.03 R 2,486.00 R 2,496.00
R 2,299.00 R 216.50 R 217.00 R 2,598.04 R 2,599.00 R 2,604.00
R 2,399.00 R 225.92 R 226.00 R 2,711.05 R 2,712.00 R 2,712.00
R 2,499.00 R 235.34 R 236.00 R 2,824.06 R 2,825.00 R 2,832.00
R 2,599.00 R 244.76 R 245.00 R 2,937.06 R 2,938.00 R 2,940.00
R 2,699.00 R 254.17 R 255.00 R 3,050.07 R 3,051.00 R 3,060.00
R 2,799.00 R 263.59 R 264.00 R 3,163.08 R 3,164.00 R 3,168.00
R 2,899.00 R 273.01 R 274.00 R 3,276.09 R 3,277.00 R 3,288.00
R 2,999.00 R 282.42 R 283.00 R 3,389.09 R 3,390.00 R 3,396.00
R 3,499.00 R 329.51 R 330.00 R 3,954.13 R 3,955.00 R 3,960.00
R 3,999.00 R 376.60 R 377.00 R 4,519.17 R 4,520.00 R 4,524.00
R 4,500.00 R 423.78 R 424.00 R 5,085.33 R 5,086.00 R 5,088.00

 * It will also give you an exact monthly installment amount over 12 months. The interest is approximately 23% p/a over 12 months, excluding the monthly fee of R 28.50 and a once-off account initiation fee R 114.00. The annual rate, monthly fee and the initiation fee could change over time .

Mobicred-Facebook-RevolvingCredit