GoCredit 1.0.9

GoCredit is a financial solution that facilitates a Buy Now, Pay Later approach, offering consumers the flexibility to make purchases while spreading the repayment over time. The maximum credit limit available through GoCredit is AED 8,000, allowing users to finance their purchases for up to six months.

Key features and fees associated with GoCredit include:

• Installment Amount: Determined based on individual affordability and competitive pricing.
• Processing Fee: Capped at 6.0% per month.
• Loan Tenure: Ranges from 90 to 180 days.

For example, if a customer utilizes GoCredit for a product worth AED 1,000 with a repayment tenure of 90 days:

• Installment Amount: AED 800
• Down Payment: AED 200 (Total Price - Installment Amount)
• Processing Fee: AED 144
• Total Amount to be Paid: AED 1,144

The process of using GoCredit is straightforward:

1. Download the GoCredit application on your smartphone.
2. Register using your mobile phone number.
3. Locate a participating merchant where GoCredit is accepted.
4. Consult with in-store sales staff regarding installment purchasing options through GoCredit.
5. Complete the process as advised by the staff to finalize your purchase.