MobiCred Now Available at MobiTraderSA

Great news for gamers across South Africa! We know that upgrading your setup or getting your hands on that dream PS5, Xbox Series X, or Nintendo Switch is a big investment. That’s why MobiTraderSA has partnered with MobiCred to give you a more flexible, wallet-friendly way to shop for pre-owned consoles, accessories, and games.

You no longer need to wait until payday to score that perfect deal. Here is everything you need to know about using MobiCred for your next MobiTraderSA purchase.

What is MobiCred?

Mobicred is a simple and convenient digital revolving credit facility that allows South Africans to shop online safely. Instead of paying for your gaming gear upfront in one lump sum, MobiCred lets you buy what you want immediately and pay it off over time in manageable monthly instalments. 

What Does MobiCred Offer?

• Generous Credit Limits: Depending on your credit profile, you can qualify for a digital credit limit of up to R50,000.

  
  

• Revolving Credit: As soon as you pay off a portion of your balance, that credit becomes available for you to use again. You don't need to reapply for a new loan every time you shop. 

• Ultimate Flexibility: You aren't locked into a rigid 12- or 24-month payment plan. You simply need to meet your minimum monthly payments, giving you the freedom to settle your balance at your own pace. 

  
  

• Safe and Secure: Mobicred uses strict security measures, including a One-Time PIN (OTP), to protect your transactions. 

Understanding the Interest and Fees

Like any credit facility, Mobicred does charge interest and administrative fees. It’s important to know exactly what you are paying for so you can budget accurately: 

• Interest Rate: Mobicred charges an annual variable interest rate (currently hovering around 20.75% to 21% per annum, depending on the National Credit Act limits). This rate is linked to the South African Reserve Bank Repo Rate, meaning it can fluctuate if the Repo Rate changes. 

  
  

• Initiation Fee: A once-off account initiation fee will be charged when your account is approved (ranging from around R100 to R610 depending on the facility granted). 

  
  

• Monthly Service Fee: Expect a small monthly administration fee (typically around R35 to R42) for the maintenance of your account. 

Payment Methods

Repaying your MobiCred account is completely hassle-free:

• Monthly Debit Order: Your monthly instalments are automatically deducted via debit order, meaning you don't have to worry about missing a payment. 

• Minimum Repayments: Your required minimum monthly repayment is usually just 5% to 10% of your outstanding balance.

  
  

• Early Settlement: Got a bonus? You can settle your balance early by making additional EFT payments directly into your Mobicred account with absolutely no penalties or extra fees! 

How to Use MobiCred on MobiTraderSA

If you already have a Mobicred account, checking out is lightning fast. If you don't, you can easily apply on their website before you start shopping.

Here is how to use it on our store:

1. Fill Your Cart: Browse MobiTraderSA and add your favorite used consoles, controllers, or games to your shopping cart.

   
   

2. Proceed to Checkout: Go to the checkout page and enter your shipping details as usual.

   
   

3. Select Your Payment Option: Under the payment methods, choose Peach Payments, then select Mobicred.

   
   

4. Log In: You will be prompted to enter your Mobicred username and password.

   
   

5. Enter the OTP: Mobicred will send a One-Time PIN (OTP) to your registered mobile phone number. Enter this pin to securely authorise the transaction. 

   
   

6. Game On! Your order is confirmed instantly! We'll start packing your gear right away, and you'll pay Mobicred back in your own time.

Ready to upgrade your gaming experience? 

Head over to MobiTraderSA, find your next console, and checkout with Mobicred today!