Compare the best loans of South Africa and find the lowest rate
Are you a citizen in East London and you are thinking about how to survive a rainy day? Or are you just considering the idea of buy your own car? Let me tell you that with Woolworth everything is possible. Here you will get data about requirements and financing options of loans, as well as addresses and operating hours of branches in the city.
Woolworth was funded in 1931 and since then, the company has helped South African citizens, and one of its areas has always been financial matters. There are many cities in the country with offices to reach as many clients as possible. Fortunately, the area of East London is not the exception and we will facilitate all the data you need.
What are the requirements to apply for a Woolworths loan?
If you find any of the programs interesting and convenient and you are thinking on starting application, there are certain requirements to follow. In the first place, you have to be at least, 18 years old. What is more, you have to be citizen or resident from South Africa with a valid ID. It is also important to have a minimum salary of R2 000 that should be guaranteed by your last three pay slips and, also, your personal bank statements where your salary is deposited. You will be required to have an account to as to deposit money.
Branches of Woolworth in East London
a) There is an office of the company in the CBD. It is exactly located at 88 Oxford Street and its phone number is 43 722 6737.
b) There is another branch in the area of Vincent Park. If you live nearby, please go to Vincent Park Shopping Center located at 229 Devereaux Ave. In this case, services will be available from Monday to Friday.
Other contact information
Fortunately, you don’t need to visit a member of stuff to get Woolworth benefits. In fact, there is line open destined to answer questions that is 0861 50 20 10. This is a general line and it is also available to application. In case you have queries or comments, you can write them to the following address: email@example.com.
Now you know how to get the services of this outstanding lending company in East London and its surroundings, let’s take a look at the details about the different loans available:
-There are fixed term personal loans available.
-You can also apply for revolving personal loans.
- Fixed term loans don’t require initiation fees.
-Revolving loans requires initiation fees of up to R1197.
-If you apply for a fixed term personal loan, you will pay up to R57 as monthly fees.
-If you apply for a revolving loan, you will pay up to R69 as monthly fees.
-You can borrow from a loand of R2 000 to a loans of R75 000.
-The approximate interest rates for loans in 21%, but this vary based on how much money you borrowed, credit history and financing terms.
-There are financing terms available that from 12 to 60 months.
-If you are client of the company and you are in need of extra money, Woolworths will be ready to cover unexpected expenses.
-To be under protection, the company offers a Balance Protection Insurance.
-As far as payments are concerned, automatic deduction is compulsory. However, there other three ways to do so extra payments: via direct deposit, in store and by EFT.
As sometimes it is quite difficult to estimate how money would you pay if you open a loan, we will show you how financing work with the most common interest rate: 21%. Imagine you just need R4 000 to improve your kitchen. If you select the shortest financing term, you will pay the loan off in 12 installments of R 370. But in case you need longer financing, you can choose making 36 payments of R150.
You may also need more money, for example, to finance the purchase of a new car. Imagine you need R30 000, then. In this case, for a financing term of a year, payments could be as high as R 2 793 approximately. Luckily, you can extend the financing period to 3, 4 or 5 years. In such cases you will make 36 payments of R 1 130, 48 payments of R 928 or 60 payments of R 811. Let’s take a look now at the possible quotes for the highest loan available. If you borrow R 75 000, you can pay the loan in one year with quotes of R 6 983, in two years with quotes of R 3 853, in three years in quotes of R 2 825 or in four years of R 2 322. What is more, you can choose the longest financing period available and make 60 payments of approximately R 2 029
All in all, Woolworth is a key company when it comes to financial support. You can borrow for amount of money of up to R75 000 to cover whatever personal need that may appear on the road. Interest rates can be as convenient as 21% and financing periods are really flexible. Stop worrying about how to afford what you want. Enjoy life and leave problem in expert’s hands.