Woolworths Loans are financial solutions that are designed to give individuals flexible options for their financial needs. These are collateral-free personal loans, so you don’t have to worry about putting any assets up as a form of security. Woolworths Loans are offered as a Revolving Loan and a Fixed Term Personal Loan.
Woolworths Revolving Loan:
This loan option gives clients access to money they have already paid. They also have the ability to withdraw money in increments of R500. The minimum amount you can withdraw is R1000. Repayment terms range from 12, 24, 36, 48 or 60 months and there are low monthly service and initiation fees. A big benefit that comes with this loan is that there is no need to re-apply whenever you need access to more cash. You can expect cash in 48 hours while repayments can be made via debit order on a monthly basis.
Woolworths Fixed term Personal Loan:
This solution gives clients loans at fixed interest rates throughout the loan duration which enables them to budget better. This means that repayment amounts are fixed and remain unaffected by fluctuations in the prime interest rate. Repayments can be made over a comfortable period of 12, 24, 36, 48 or 60 months.
What are the qualifying criteria?
- Be 18 years and above
- Have a valid South African I.D.
- Provide proof of employment
- Earn a monthly salary of at least R2000
Qualifying for a Woolworths Loan gives you the financial freedom to be able to meet some of your financial needs and goals. This may include paying your child’s school fees, home renovations, wedding costs, vehicle maintenance or unexpected repairs that may come up. Paying for medical bills or even for a long overdue holiday can become simpler withWoolworths Loans.