Rating based on 54 reviews

Woolworths Loan

  • Personal loans up to R120,000
  • Low-interest starting from 21%
  • Repayment up to 60 months

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Woolworths homepage
Author Woolworths. Screenshot of Woolworths website.
[Accessed January 19, 2023]

About Woolworths

Woolworths was established by Max Sonnenberg in 1931 and has since then grown and evolved to one of South Africa's largest and most prominent retailers.

Their products and services are of superior quality and offer South Africans great value for money.

One of the best companies to work for

They believe that their people are the key to their ongoing success and that's why they're one of the best companies to work for offering employees pensions, medical cover, and opportunities to grow their careers within the company.

Their people are there to ensure you get only the best and with them, you can get a loan by completing an online loan application.

Woolworths Services

Woolworths is well known as a full-house clothing and food produce retailer serving products of the highest quality.

From fresh imported foods to locally sourced meat and dairy produce they offer a customer the freshest, most nutritious, and tastiest food in the country. In addition to this, their financial division also offers personal loans.

Getting to grips with their personal loans

At Woolworths Financial Services they offer credit cards with fantastic rewards, store cards, insurance cover, and personal loans that range from R2 000 to R120 000. Their interest rate is fixed - so you won't ever have to pay more than you initially thought.

Woolworths – Personal loan

  • Loan Type Personal loans
  • Interest Rate from 21%
  • Loan Amount up to R120,000
  • Repayment 160 days to 60 months
  • Decision 24 hours

Benefits of Woolworths

  • Flexible loan terms
  • Loans up to R120 000
  • Flexibility to increase your limit
  • Repayment terms up to 60 months
  • Get cash in 48 hours

Personal loan calculator

The interest rate of a loan will vary based on your credit score and risk profile.
This personal loan calculator is for illustration purposes only.
The use of this loan calculator is subject to our terms of use.

Their products and services are of a superior quality

Applying for a quick micro-loan with Woolworth is simple and easy.

You can do so by visiting them in the branch and making an application or by applying for a loan online via their modern online shopping and lending platform.

Qualify to apply with Woolworths

You will have to be over the age of 18, employed full time, and earning R2 000 or more per month, in possession of a South African identity document and 3-month bank statements to apply with them.

One of the most common questions that they get asked is whether they can offer bad credit loans to people who are blacklisted or have a bad credit history.

While they evaluate each application individually, they are required by law to run a credit check to ensure the customer is in a position to afford the cash loan.

Your personal loan application was turned down

Meeting all their credit requirements doesn’t necessarily mean your personal loan application will be approved. There are a number of factors that need to be considered before they actually send you the money.

Should the client not have enough credibility, they won’t be able to approve his loan. This means you may have more than one personal loan under your name that you are already paying for. If this is the case, they need to check whether you will have enough money to pay for an additional advance plan.

How to increase your chances of approval

The best thing to do to increase your chances of getting your personal loan approved is to start saving instead of spending. If a loan is not really necessary, there is no need to apply for credit that you don’t really need.

Finish paying off your loans as soon as possible. If you are able to pay for your personal loan earlier than the required date, even better. Do whatever it takes to ensure that your name and your credit profile are on the right track.

Customer Reviews & Testimonials

February 2019

Using the Woolworths website to apply for a personal loan was easy and hassle-free.

Boitumelo M
— Rustenburg —

March 2019

I am happy that I can still afford to pay some of my other financial obligations after I have paid my Woolworths personal loan.

Gareth S
— Port Elizabeth —

Woolworths Contact

Physical Address

  • 93 Longmarket St, Cape Town City Centre, Cape Town Western Cape 8000 South Africa
  • Get Directions

Opening Hours

  • Monday 08:00 – 17:30
  • Tuesday 08:00 – 17:30
  • Wednesday 08:00 – 17:30
  • Thursday 08:00 – 17:30
  • Friday 08:00 – 17:30
  • Saturday 08:00 – 17:30
  • Sunday 09:00 – 13:00