The Woolworths brand has established a reliable reputation that is associated with distinct quality. The institution has built close relationships with customers over the years. Through these efforts it has managed to identify what its clients need. Affordability plays a big factor in the consumer-retailer relationship and Woolworths realises that clients need assistance in the form of credit at times. It was the recognition of this obstacle that drove Woolworths to create a Personal Loan facility.
Woolworths Financial services have created a personal loan facility that offers clients up to R75000 in finance, with up to 60 months to repay. On this product, there is a low monthly service fee charged as well as initiation fees. Interest charged is variable and linked to the Repo Rate.
What are the benefits?
Cash is paid out within 48 hours
Clients have access to money repaid back towards the loan
The limit may be increased if clients need extra funds
There are no penalties charged for early settlement
You have payment flexibility-you can make additional payments in-store, via EFT or at an Absa branch. Compulsory payments are automatically made via debit order, giving you the convenience of not having to run around at month end.
Balance Protection Insurance is offered, which ensures that your debt is paid off if you become permanently disabled or pass away.
What are the requirements?
You need to be 18 years or older, with a valid South African I.D.
You’ll need to be permanently employed, with a minimum salary of R2000 per month
You must provide details of an active bank account
Visit www.woolworths.co.za or call 0861 50 20 10
