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What Are the Features of Woolworth Loans in Johannesburg? Contact Details, Rates and Requirements

Do you want to buy a new car? Is it hard to make ends meet because you are improving your kitchen? It is time to stop worrying about money if you are currently living in Johannesburg. Among the wide variety of lending companies, you can also find one that offers retaining services: Woolworths. Here, we will focus on the address and operating hours of some offices of Woolworths in Johannesburg and also on details about rates, financing options and requirements of the lending programs available to citizens.

                Woolworths open its doors in South Africa around 80 year ago and since then, it has been improving its services. The amount of years in the market let it open many offices all around the country and fortunately, Johannesburg is one f the selected locations. Let’s start our article mentioning some of these locations with their respective office hours and telephones:

-There is an office at 45 Kerk Street. If you live near this location, please visit representatives from Monday to Friday from 8 a.m. to 5.30 p.m., on Saturday from 8 a.m. to 4 p.m. and on Sunday from 9 a.m. to 2 p.m. This branch has an exclusive phone line that you can call in the same office hours that is 11 225 2000.

-There is another office in the area of Sandhurst. The exact location is 79 Rivonia Road. In this case, the doors are open from Monday to Thursday from 9 a.m. to 8 p.m., on Saturday from 8 a.m. to 9 p.m. and on Sunday from 9 a.m. to 7 p.m. In the same time table there is phone line open that is 11 290 1011.

                As visiting an office of Woolworth is not compulsory when it comes to borrowing money, here we show you other contact information alternative. There is a general phone line available in typical banking hours that is 0861 50 20 10. You can use this line either to make questions or to start any loan application. Another alternative is online application. You visit the official webpage and follow the easy steps to get the money. And finally, you can also send e-mails to queries@wfs.co.za. Consultants will answer in a matter of seconds.

                Once contact information has been developed, let’s take a look at the details and benefits of the loans available for Johannesburg’s residents:

a. One of the loans available is personal loans with fixed interest rates.

b. Another one is a revolving personal loan.

c. Loans with fixed interest rates require fees for initiation of approximately R56.

d. With revolving loans, there are initiation fees of R69 required.

e. The sums of money available to borrow go from R2 000 to R75 000.

f. As far as interest rates are concerned, they vary based on credit history and financing, but they are always near 21%.

g. Financing terms can last from a minimum of 1 year to a maximum of 5.

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h. You will wait up to two days for the money to be ready in your account once the loan is approved.

i. If you already have a loan with the company and you need more money to cover any unexpected expense, don’t hesitate to contact a consultant to ask for it.

j. There is a program to protect your loan called Balance Protection Insurance.

k. When talking about payments, please take into account that the monthly quote will be directly deducted from your bank account. If you need to make any extra payment, take into account the system of deposits, pay in store and or resort to EFT.

Am I Eligible for Woolworth Loans?

If after reading all the points developed above you reckon that a Woolworth loan would be ideal for you, you have to take the following points into consideration. It is essential to be South African residents older than 18 and with a valid ID number. Another requirement is related to income. Clients have to prove that they earn a minimum salary of R2 000. In fact, you will have to present the last three pay slips or the last three account balances where your salary is deposited. And last but not least, you need an account so as to deposit the money.

                In order to facilitate assumptions of how much money you will possibly pay with a Woolworth loan, we will show you some figures calculated over an interest rates of 21%. Please, bear in mind that some numbers may vary since they only have illustrative purposes:

-Imagine you want to remodel your bathroom and you need a loan of R4000. If you want to pay the loan off quickly, you can choose a one-year term and make 12 payments of R 372. But take into account that you can also choose a three-year period and make 36 payments of approximately R150.

-You can also need money to finance car purchase. Imagine that for this purpose you need a loan of R30 000. In this case, there are more financing options available. In fact, you can cancel the loan in one year by paying R 2 793 per months. Another possibility is returning the money in 36 payments of R 1 130. In case you need more time, don’t hesitate to apply for a five-year-long term so as to make 60 payments of near R 811.

-The highest amount of money available is of R 75 000, and can also be financed in different programs. One of them is in one year, by making payments of R 6 983. You can also make monthly payments of R 3 853 during two years or of R 2 322 during four years.

                To conclude, let me tell you that when it comes to financial needs, Johannesburg people don’t have to be worried about. In fact, there are many financial companies that work hard in the city so as to provide citizens with the most convenient financing options. Now, it has been time to describe Woolworths. Did you find it interesting? Contact it and take advantage of loans to improve your way of living.

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Questions and answers

Are there home loans available?

No there aren’t.

What is the longest financing period?

The longest financing period is 5 years.

Does online application work well?

Yes, it does.

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