Lay-By at Mr Price: How It Works and What You Need to Know

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Home » Store Accounts » Lay-By at Mr Price: How It Works and What You Need to Know

Mr Price offers a convenient Lay-By option, allowing you to secure the items you want with a small deposit and pay off the balance over time. Here’s everything you need to know about Lay-By at Mr Price:

How Lay-By Works

  1. Choose Your Items: Select the items you want to purchase (excluding cellphones) from any Mr Price store.
  2. Pay a Deposit: Pay a minimum deposit of 10% of the total purchase price.
  3. Payment Period: You have 3 months to pay off the remaining balance.
  4. Collect Your Items: Once the balance is paid in full, you can take your items home.

Please note that Lay-By is currently not available for online purchases.

Flexibility and Cancellation

  • Cancel Anytime: You can cancel your Lay-By at any time. You will receive a full refund of the amount you have paid up to the date of cancellation.
  • Missed Payments: If you miss a payment and it remains unpaid for 14 days, your Lay-By will be cancelled. You will receive an SMS notification about the cancellation and can collect your refund from the store. The items you had on Lay-By will be returned to the store’s shelves.

Find our about Mr Price Store Account: How It Works and How to Apply including online application, instore application and application using SMS.

Requirements for Lay-By

  • Age Requirement: You must be 18 years or older.
  • Identification:
    • South African Citizens: Bring your ID book, ID card, or driver’s license.
    • Foreign Nationals: Bring your passport (driver’s licenses are not accepted).
  • Deposit: A minimum deposit of 10% of the total purchase price is required.
  • Payment Terms: The remaining balance must be paid within 3 months.

Additional Information

  • Eligible Items: Lay-By is available only for full-priced items and not on sale items.

Benefits of Lay-By

  • Budget-Friendly: Spread the cost of your purchase over three months.
  • Secure Your Items: Ensure that the items you want are reserved for you.
  • No Interest: Unlike credit purchases, Lay-By does not incur interest charges.

By using Lay-By at Mr Price, you can manage your finances more effectively while still enjoying the products you love. Visit your nearest Mr Price store to start your Lay-By today!