HiFi Corp Credit Requirements: What You Need to Apply for Finance
Applying for credit at HiFi Corp lets you buy electronics, appliances, furniture and more via instalment plans — either in-store or online. To successfully qualify for credit, you need to meet certain eligibility criteria and provide specific documentation. All details below are based on HiFi Corp’s official requirements.(HiFiCorp)
✅ 1. Basic Eligibility
To apply for credit with HiFi Corp you must:
Be at least 18 years old
This is the minimum legal age for entering into a credit agreement.(HiFiCorp)
Have a valid form of ID
You must present one of the following:
- South African ID book
- South African ID card
- Driver’s licence
- Passport (accepted for instalment credit)(HiFiCorp)
📋 2. Proof of Income
HiFi Corp requires applicants to show they have a regular income. This helps the credit provider assess your ability to repay the instalments. Acceptable proof includes:
- Latest payslip
- Three months’ bank statements, or you can give consent for HiFi Corp to obtain these directly from your bank.(HiFiCorp)
Self-employed applicants also need to show regular income documentation (e.g., bank statements, financial records).(HiFiCorp)
🧾 3. Additional Documentation
Depending on your situation, you may also need:
Debit order details
HiFi Corp uses DebiCheck (a verified debit order system) to collect repayments. Providing your banking details and permission for a debit order is usually required.(HiFiCorp)
🌍 4. Age and Residency
- You must be 18 years or older to qualify.(HiFiCorp)
- Non-South African applicants should have a valid official residential permit if applying locally.(HiFiCorp)
💳 5. Optional Financing Options
Mobicred Digital Credit
HiFi Corp also offers Mobicred, an online digital credit solution, which lets qualified customers access up to R50 000 in credit for purchases both online and in-store. It has its own application process and eligibility criteria but is available through HiFi Corp outlets.(HiFiCorp)
🛍️ 6. How to Apply
You can apply for HiFi Corp credit in two ways:
- Online: Via the official credit application form on the HiFi Corp website.(Facebook)
- In-store: Ask a sales consultant to assist with the credit application process.
During application, you’ll need to create an account and submit your personal and financial details.(HiFiCorp)
📌 HiFi Corp Credit Checklist
✔ 18 years or older(HiFiCorp)
✔ Valid proof of ID (ID book/card, driver’s licence or passport)(HiFiCorp)
✔ Proof of regular income (payslip or bank statements)(HiFiCorp)
✔ Banking details for debit order (DebiCheck)(HiFiCorp)
✔ Consent for bank statement access if not provided direct(HiFiCorp)
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