woolworths credit application

Woolworths Revolving Credit – easy access to finance

Woolworths Revolving Credit – easy access to finance

Woolworths Revolving Credit is a financial solution that provides clients with convenience and ease of access to cash. Based upon a foundation of excellence, created by the renowned Woolworths brand, this form of credit works like an access or flexi bond. This means that as a Woolworths client you can access money you’ve paid back into your loan whenever you require it.

Repayment terms range from 12, 24, 36, 48 to 60 months. It must be noted that interest rates are fairly high though.

Woolworths Revolving Credit gives clients the ability to withdraw a minimum loan of R1000. This credit is also accompanied by low monthly service fees. There are no penalties for early settlement and clients have the added benefit of not having to pay any initiation fees.

By being able to withdraw funds when you need them the most, you are able to be able to pay for items even without having immediate access to cash. It’s important to note however, that loan amounts need to be repaid in full before you can access the revolving credit option.

To qualify, you need to meet these requirements:

  • Be at least 18 years old
  • Have a valid South African I.D.
  • Be permanently employed
  • Earn a minimum salary of R2000 per month
  • Have an active bank account

Turnaround periods are fast and efficient – you can expect cash within 48 hours. Interest is charged at a variable rate that is linked to the Repo Rate.

To contact Woolworths Financial services, call: 0861 50 2010 or email wwfs@woolworths.co.za



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