TymeBank has marked its presence as a foremost digital bank in South Africa, consistently emphasizing the value of providing its customers with affordable and convenient digital financial options. Originally, their services included a personal loan offering that reached amounts as substantial as R30,000.
However, recognizing the evolving needs of their clientele, they’ve adapted their services. Now, the spotlight is on their MoreTyme cashflow booster – an innovative solution crafted for modern consumers who prioritize immediate purchases without the burden of interest.
Why Choose TymeBank MoreTyme Credit?
The Benefits of MoreTyme
The introduction of MoreTyme credit isn’t just another financial offering; it’s an opportunity. Imagine having instant access to funds between R4,000 to R15,000, and using that capital to bring home what you desire. This isn’t just a typical credit service; it’s designed keeping in mind the aspirations and immediate requirements of consumers. If you’re someone who has been postponing purchases due to budget constraints, MoreTyme could be your answer.
Innovative Shopping with TymeBank
Shopping now has a whole new dimension with TymeBank MoreTyme Credit, it allows you to only part with half the price of your desired item while still taking it home immediately. This arrangement means you can enjoy your purchases without the full immediate financial strain.
The Best Part?
Interest-free Repayment
Financial flexibility takes on a new meaning with MoreTyme. You’re given a generous 2-month period to settle any outstanding amounts – and here’s the clincher – there’s absolutely no interest added. This ensures that you’re only paying for what you purchased, and not a cent more.
Automatic Deductions for Convenience
TymeBank values its customer’s time and peace of mind. Therefore, if any MoreTyme users clear their outstanding credit within the stipulated 60-day window, TymeBank seamlessly handles the transaction by deducting the amount from the user’s EveryDay account. No hassles, no reminders – pure convenience.
Eligibility and Accessibility
To maintain responsible lending practices, TymeBank uses individual credit scores to determine eligibility for the MoreTyme facility. This ensures that customers are provided offerings suited to their financial health.
How to Utilize TymeBank MoreTyme Credit
Digital Interactions
With the digital age in full swing, TymeBank rides the wave by ensuring all its interactions, be it queries or transactions, are conducted online or via their user-friendly app.
Step-by-Step Guide on how to use it:
Finding a Partner Store: Begin by locating a retail partner that accepts MoreTyme. This expands your shopping horizons while ensuring the benefits of the service.
Generating the Voucher: The next step involves creating a unique payment voucher tailored for your shopping list. This digital voucher acts as your ticket to availing the MoreTyme benefits.
Completing the Transaction: Upon presenting the voucher to the cashier, your transaction is processed. However, it’s crucial to remember the 15-minute validity post-generation, ensuring timely use.
Enjoy and Repay: With your items secured, you can revel in your purchases. Just keep in mind the 2-month period for settling the remaining balance.
TymeBank MoreTyme Credit FAQs
How to Apply for MoreTyme?
To apply for MoreTyme, ensure you have the TymeBank app installed on your phone and a biometrically-verified TymeBank profile. Open the app, locate the MoreTyme option, and with just a single tap, you can apply, activate, and get an instant response.
Note: If your TymeBank profile isn’t biometrically-verified, upgrading is a breeze. Just perform a swift selfie verification within the app or visit a TymeBank Kiosk to scan your fingerprints. This service is entirely free.
Making Purchases with MoreTyme
With MoreTyme, you can make purchases both online and in-store using the TymeBank app, subject to the respective partner retailer’s compatibility.
Online Shopping:
- On a desktop PC, select MoreTyme at checkout and follow the on-screen instructions.
- Alternatively, you can initiate your online shopping from the MoreTyme section within your TymeBank app.
In-Store Shopping:
- When at a store, access the “Pay” option in the MoreTyme section of your TymeBank app during checkout.
- Depending on the checkout system, you may either scan a barcode or present a QR code to the cashier.
Regardless of the method, once you have sufficient funds, the first payment is instant, letting you take your purchases home immediately. The subsequent payments will be deducted from your account at 30 and 60-day intervals.
How do I pay my MoreTyme Installments
Rest easy! Your payments will be automatically deducted from your TymeBank EveryDay account or any linked cards on the specified due dates.
Upon purchase, the first installment (one-third of the total price) is instantly charged. The next two installments, also one-third of the total price each, will be auto-debited after 30 and 60 days from the purchase date. Ensure sufficient funds in your account or linked card, and you’ll only pay the initial purchase amount, without any extra charges.
TymeBank MoreTyme Credit Contact Information
Physical branches, with their queues and set timings, are a thing of the past for TymeBank. As a pioneer in digital banking, they believe in providing services without geographical or temporal bounds.
Queries, concerns, or the need for further information? Simply dial 0860 999 119 to connect with TymeBank’s support. For those seeking an in-depth understanding of TymeBank’s array of services or a holistic view of their operations, their website www.tymebank.co.za is the ideal destination.
