Mobicred Interest Rate

What is the Mobicred interest rate? It’s a question that you will be asking yourself if you wish to open a Mobicred account. Mobicred is a company that is designed to make online shopping easy and safe. They provide lending for those looking to shop over the internet. You can open an account, and this account allows you to shop at hundreds of stores across South Africa. But how much interest can you expect on your Mobicred account?

How much interest does Mobicred charge?

The Mobicred Interest rate is currently stands at 21.25% per annum. Note that this figure is liable to change at any time. Interest rates across the board are determined by the National Credit Act. Should there be changes, then Mobicred’s interest rates may also change.

Calculating different scenarios

That’s the answer to the question, how much interest does Mobicred charge? In this section, we are going to take a look at some scenarios to learn more about how much you will need to pay as interest.

Let’s say you have bouight items online to the tune of R35000. How much interest will you have to pay at the end of the year? By the end of the year, your interest on that loan will be R5312.5.

Note however, that what you will actually pay will be lower than this, for the simple reason that you will be settling your monthly instalments, that reducing your debt.

Shops that accept Mobicred

The following are a few of the shops that accept Mobicred;

• MasterStart
• Thompsons For Travel
• Sound Select
• Madison
• Lift Airlines
• Under Armour
• Technomobi Pty Ltd
• The Bed Shop
• Canterbury
• BIRKENSTOCK
• Wize Books
• Queenspark (Pty) Ltd
• Game
• Dial-a-Bed
• MODE
• Cell C
• Car Service City
• SebaMed
• Fila South Africa
• Edgars
• Orlando Pirates
• Expert Stores
• Guess
• Cellucity
• MOVEPRETTY
• ToysRUs & BabiesRUs
• Subwear
• Samsung Electronics South Africa (PTY) LTD
• Incredible Connection
• Clicks
• Mystic Girl
• Daddy’s Deals
• Digicape Apple Premium Reseller
• Takealot.com
• We Are EGG (Pty) Ltd
• Cycle Lab
• Everyshop
• Clarins
• Forever New
• Tiger Wheel & Tyre
• Outlet Store
• Kids Emporium
• Sportsmans Warehouse
• Le Creuset
• Brandhubb
• Hi-Tec SA
• Builders
• Dermalogica
• Bag Emporium
• CLM Home
• iLearn
• Outdoor Warehouse
• Carrol Boyes
• Crocs
• bobshop
• Canvas and Sign
• FlySafair
• Makro
• WEAREGAMERS PTY LTD
• Yaga
• Tekkie Town
• Cash Crusaders Franchising
• Coricraft
• Aldo
• One Day Only
• Loot
• Defy South Africa
• The Cross Trainer
• iStore
• Zulzi OnDemand
• iStore Pre-Owned
• CTM
• Apple Cafe
• Poetry
• SKOON.
• Plated Convenience
• ORMS PRINT ROOM & FRAMING
• ShopCandy
• Avo SuperShop
• Steve Madden
• Hirsch’s
• Joy Furniture
• Dischem
• ORMS DIRECT
• Safarinow.com (Pty) Ltd
• Skullcandy
• Exclusive Books
• Edusport Travel
• Lisa Raleigh
• CA Cell
• Bidvest Waltons
• DecoDesigns
• The Lighting Warehouse
• Furniture Mart
• NetFlorist
• TechMarkit
• Husqvarna South Africa
• South African Airways
• Western Shoppe
• OsteoEze
• ROYAL TOMBSTONES
• Superbalist.com
• Cash Converters South Africa
• Patio Warehouse
• Decofurn Furniture
• NWJ
• Ticket Pro
• Golf Hub Store
• Cape Union Mart
• Megamaster
• Acer
• Wellness Warehouse
• KOODOO.co.za
• S.P.C.C. – Sergeant Pepper Clothing Company
• Active Lifestyle Solutions
• Drone World
• PC Laptops
• Hifi Corporation
• Camp Cover
• Holland Tech.
• Little Lads And Ladies
• TyresEtc
• Ember Down
• ZAPA Gaming
• LTC AIR CONDITIONING PTY LTD
• Rebeth Group
• Ross and Specter
• Lefra Communications and Marketing
• Gorilla Phones
• Furniture Liquidation
• iRoll Electric Rides
• JAM Essentials (Pty) Ltd
• ONLYPRO HAIR EXTENSIONS
• SLEAK-TECH
• Koban Trading
• Dranged
• Infinite
• Kheper
• Swisspro Group
• Terra Firma Solutions
• Red and Yellow Creative School of Business
• H3 Gaming (Pty) Ltd
• Selten
• Comfy Beds Trading
• Reware
• Rebel Gaming
• Cape Leathers
• Style Diva
• Easy Photo Books
• Bounce
• MANGZA
• Buytheway
• Sleep Monk
• Cocoglam
• Lemons and Cream (Pty) Ltd
• Naturalwise
• Pod Baby Carriers
• Mattress Factory
• Zasttra
• 2nd Online
• Online Driving Academy
• SNAPNSHOP
• Outdoordeals.co.za
• National Distribution Network (PTY) Ltd
• Buffeldoorn
• Gigafiction IT Solutions
• Nova
• STYLE CLOSET SA
• Iconique Wigs
• Shopcentre South Africa
• RSA Made
• GB Direct PTY LTD
• Just Bliss Soap
• Green Design
• Salty Skin Swimwear
• Unruly Clothing

Summary

In this article, we showed you the Mobicred interest rate. We noted that Mobicred provides credit to people looking to make online purchases. You can buy from most online stores in South Africa using this facility. Their interest rates are determined by the National Credit Act.

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