What will my instalments be?
Repo (current lending rate): – this will change when repo rate changes
Current maximum interest rate that can be charged as per NCA – 24,86% (National Credit Act)
Contact Mobicred to find out what your instalment will be as this is a revolving credit account that can be used for multiple purchases, and repayments are not fixed over 12 months. You pay 10% of your outstanding balance each month (much like a credit card).
Below are the current rates for each of our training courses via Mobicred (as of May 2017):