As one of the leading retail outlets in South Africa, Woolworths is known for providing quality products and services. Known for providing a range of men’s, women’s and children’s wear, food and cell phone services, Woolworths aims to offer unique solutions for clients.
As a way of expanding its range of products and services, Woolworths is offering personal loans to its clients.
More about Woolworths Personal Loans:
Woolworths personal loans are designed to assist individuals when they are in need of financial help. When you need an extra boost of cash to pay for a medical emergency or for repairs on your car, a Woolworths Personal Loan can offer simple solutions.
Once you have been approved for a Woolworths Personal loan, you can expect the cash to be paid out in 48 hours. As a borrower, you also get flexible repayment terms of up to 60 months.
As a registered credit provider, Woolworths charged interest according to the National Credit Act (NCA) and will never grant personal loans to individuals that are over-indebted.
Woolworths personal loans come with low monthly service and initiation fees. You also have the flexibility to make additional payments, so there are no penalties for early settlement of the loan.
Repayments are simple, so you can do this via monthly debit orders.
Applying for Woolworths Personal loans is simple and convenient. You can apply online or in-store.
What are the qualifying criteria?
- Be at least 18 years old
- Have a valid South African ID
- Earn at least R2000 per month
- Have an active bank account in your name
- Provide your latest three payslips or your last three months’ bank statements
Your credit record will be assessed during the application process.
To contact Woolworths, simply call 0861 50 20 10.
