Quick Facts

• Credit limits from R500 to R15,000
• No monthly account fees or annual fees
• Shop at all Mr Price Group stores
• Multiple payment plan options available
• Instant approval for qualifying applicants

What is Mr Price Money?

Mr Price Money is the financial services division of Mr Price Group. It offers store credit accounts and payment solutions to help you shop at all Mr Price brands including Mr Price, Mr Price Home, Mr Price Sport, Sheet Street, and Miladys.

Think of it as a store card that lets you buy now and pay later. You get a credit limit that you can use to shop, then pay back the money over time with flexible payment plans.

As of September 2025, Mr Price Money serves millions of South African customers and is regulated under the National Credit Act for your protection.

✅ How Mr Price Money Works

Step 1: Apply – Fill out an application in-store or online

Step 2: Get Approved – Most decisions are instant if you qualify

Step 3: Receive Your Card – Get your account card to use at any store

Step 4: Shop – Use your credit limit at any Mr Price Group store

Step 5: Pay Back – Choose from different payment plans to suit your budget

Application Process

Option 1: Apply In-Store

Visit any Mr Price, Mr Price Home, Mr Price Sport, Sheet Street, or Miladys store. Bring your ID and latest payslip. The process takes 15-20 minutes with instant approval decisions.

Option 2: Apply Online

Go to mrpmoney.com and click “Apply Now”. Complete the pre-screening form with your personal and employment details. You’ll get a decision within 24 hours.

Option 3: Apply by SMS

Send an SMS to 41536 with: ID number, first name, surname, gross monthly income, and total monthly expenses.

✅ What You Need to Apply

• You must be over 18 years old
• South African ID or valid passport
• Permanent employment or stable income
• Contactable landline or mobile number
• Residential address proof
• Latest 3 months’ proof of income (payslips or bank statements)

💰 Fees & Costs (September 2025)

Good News – No Hidden Fees

• No monthly account fees
• No annual fees
• No application fees

Interest Rates

Under the National Credit Act 2025, the maximum interest rate for store accounts is 17.5% per year. This is the legal limit that Mr Price Money follows.

Credit Limits

• Minimum: R500
• Maximum: R15,000 (based on your affordability assessment)
• Credit limit reviews every 6 months

Payment Options

1. Online Payments

Log into your Mr Price Money account online. Link your account using your ID number and account number. Pay instantly with your debit card or bank account.

2. EFT (Electronic Funds Transfer)

Add Mr Price as a beneficiary in your online banking. Use your account number as the reference. Payments usually process within 1-2 business days.

3. Mobile Apps

Use Zapper or SnapScan to scan QR codes on your statement. Quick and secure mobile payments.

4. In-Store Payments

Pay at any Mr Price Group store. Bring your account card and payment method.

✅ Benefits & Features

• Shop at all 6 Mr Price Group brands with one card
• Exclusive offers and discounts for account holders
• Insiders rewards programme – earn data when shopping
• Online shopping at mrp.com and other brand websites
• Free delivery on qualifying online orders
• Purchase airtime and data with your account
• Additional cards for family members
• Insurance products available

🚨 Important Warnings

Avoid These Scams

• Fake Mr Price Money websites asking for banking details
• SMS messages claiming you’ve won prizes – Mr Price doesn’t send these
• Phone calls asking for your PIN or password
• Email requests to “verify” your account information

Protect Yourself

• Never give your PIN, password, or OTP to anyone
• Only apply through official Mr Price stores or mrpmoney.com
• Check your statements regularly
• Report suspicious activity immediately

Credit Record Impact

Late payments will affect your credit score. Missing payments can make it harder to get credit in future. Contact Mr Price Money immediately if you’re struggling to pay.

Mr Price Money can be a useful credit facility if used responsibly. It offers convenient shopping across multiple brands with no monthly fees. However, always ensure you can afford the repayments before applying.

Best for: Regular Mr Price shoppers who need flexible payment options and can manage monthly repayments.

Avoid if: You’re already struggling with debt, have poor credit history, or prefer cash-only shopping. Remember, store credit should supplement your budget, not replace it.