Buy Now and Pay Later

Who is Mobicred and what do they do for you?

Mobicred is a revolutionary South African Online Finance Product that allows users just like you to apply for and receive a revolving credit facility in real-time. This means you can buy now and pay later.

Mobicred is specifically designed to operate with online e-commerce stores like Rayshine’s Online Store. Best of all, the system is completely card-less, safe and affordable.You just need to meet some basic criteria that we outline below.

How does it work?

All you have to do is apply for credit. This is really quick and easy. You apply online and there is no hassle or paperwork.

If you apply during office hours you will receive a response from Mobicred within minutes. Once you have been approved, you will be advised as to your credit limit. The minimum credit Mobicred gives is R2500 and they also give a maximum of R20,000 depending on your application.

Once you have been approved, you can immediately shop online at Rayshine’s Online Store. This means you can use your credit to purchase anything on Rayshine’s Online Store. When it is time to checkout of the store you can apply your Mobicred Credit.

Mobicred gives you a revolving credit facility (just like a credit card) that allows you to spend freely up to your limit. They also send you a monthly statement and just like a credit card you pay Mobicred one single, affordable monthly installment for all your purchases. PLUS, you can re-use any money that has been paid in.

Mobicred is safe, affordable and responsible credit. You can also safely manage your account online or via your mobile phone.

Application Requirements

The application requirements are so simple, you could be training at Magnetic in no time at all. All you need are the following basic requirements

1. A valid South African ID number
2. You must be 18 years of age or older
3. You must earn a minimum monthly salary of R4500
4. You must have an existing and valid bank account in your name
5. You must also have a current and valid email address and mobile number