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Loot loans
Information by Research TrustFinance
Founded in 2003, Loot Online (Pty) Ltd is one of South Africa's leading online retailers, offering a wide variety of products including books, electronics, toys, and home goods. The term "Loot loans" refers to its "Loot Credit" service, which is not a direct loan but a revolving credit facility that allows customers to purchase items on the website and pay for them over time. This service is provided in partnership with Mobicred (Pty) Ltd, a registered South African credit provider, making Loot a merchant that facilitates point-of-sale financing rather than a direct lender.
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