The Benefits of Getting a Woolworths Loan

The Benefits of Getting a Woolworths Loan

Woolworths is a leading retail outlet with close to 100 years of history in the South African industry. Renowned for providing quality products and services, Woolworths has given its clients more convenient services in the form of Woolworths Financial Services.

Offered in the form of Woolworths Credit Cards, a Revolving Credit Plan as well as a Personal Loan, this form of credit may be useful to clients for fulfilling some financial obligations they may have or cover unexpected monthly expenses.

One of the most popular services is the Woolworths Loan.

What are the benefits of getting a Woolworths Loan?

Cash in 48 hours

With the Woolworths Loan, you don’t have to wait too long to get access to funds.

Balance Protection Insurance

This insurance pays your debt off in the event of your death, permanent disability or critical illness.

Easy payments via debit order monthly

You don’t have to worry about running around at the end of the month trying to make payments. With automated payments, your debts are paid off on time.

Flexible repayment terms of up to 60 months.

This is ample time for you to repay the loan without too much strain on your pockets.

Flexibility to increase your limit should you need extra funds.

As long as you repay your loan on time you may have access to extra funds.

No penalties for early settlement

Paying your Woolworths Loan off early is encouraged by the company.

Interest charged will never exceed the maximum allowed by the National Credit Act.

This facility is also offered with low monthly service and initiation fees.

What you need to qualify:

  • Be at least 18 years old
  • Have a valid South African ID
  • Earn at least R2000 per month
  • Provide your latest three payslips or the last three months’ bank statements
  • Have a bank account in your name

To find out more about Woolworths loans, call: 0861 502 010 or visit

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