Compare the best loans of South Africa and find the lowest rate
Are you a student? Are you looking for a way to finance your studies and education? If that happens to be your case, let me tell you, you can have access to Woolworths. This is a company that encompasses retail stores, which among its products and services, offers loans in a simple and easy way. How is that possible? Though a loan, obtained in the first instance by your parents, or by you, if you are employed, you can get the funds you need to cover your expenses.
In the article you are about to read, you will be given data about the personal loan Woolworths offers, called Revolving Personal Loan. Then, I will provide you with extra information regarding the lending service of this company. Finally, you will be given contact details of this company, which has many stores in South Africa.
REVOLVING PERSONAL LOAN
Here you have its features:
-You can pay in periods that go up to 60 months, which in fact is a lot of time to complete the financing
-You have the chance of making use of the funds that you obtain for any type of purpose
-The fee you will pay at the beginning will be pretty low
-You have the chance of increasing the amounts of money granted
-You can make each payment before hand
-You can choose to cancel the lending program whenever you want
-You have the chance of making use of a system that allows you to get funds through a voice message
Now let’s focus on its benefits and requirements for the citizens of South Africa:
-You can easily manage your loan through your cell phone. So, you can check how much money is there remaining and how many payments you have left
-You have a customer service available to keep track of your money. So, you can call on 0861 50 20 10
-The interest rate will be variable and follow the regulations of the National Credit Act. So, as the rate is subject to changes, it can be modified following the so called Repo Rate
-You must make monthly payments and you can also make more payments than the ones stipulated in order to close the loan before the time agreed. These payments can be carried out at one of Woolworth’s stores, by online banking or by making a wire transfer
-You can always get your monthly statement in your email address
-You can begin the application procedure in the company´s webpage or in person at a store
-You must be 18 years old or more, so majority of age is requested in this case
-You must submit your identity card which proves your nationality is South African
-You or your parents must be employed and at least earn each month the following amount of money: R 2000
-You must open a bank account so as to manage your loan from there and receive the money
Another benefit you will get with a Revolving Loan is that the company will offer you an insurance to protect your finances. I am talking about the Balance Protection Insurance. Clients that are given a loan will need this type of cover, since they need protection whenever their health is at risk and it becomes an obstacle to keep on paying the payments.
Together with that service, clients will be given a special card, called Woolworths Store Card, in order for clients to make it easier to obtain money and manage their funds. What is more, clients will also be offered a Credit Card issued by Woolworths, among which there is a huge variety, such as the Gold Credit Card and the Silver one.
It is important to mention that apart from that loan, clients can obtain what they call aPersonal Loan, through which the company can grant them money in less than 2 days. This is a loan for emergencies and urgent issues.
Now, before finishing this article, I will give you extra information regarding the loans, so that you know how safe it is for you and your family to operate with Woolworths:
-The interest rate is determined by the National Credit Act and will be observed in your daily balance. That is a rate that can only be changes once in a year
-Clients are given the chance of withdrawing more funds than the ones they have from the account they opened for the loan. However, the company might charge you some kind of interest and it will be observed in your next balance
-There exists a fee you will be paying only at the beginning in order to start with the loan. That fee will serve to pay all the charges related to the activation of your loan account.
One of its offices is located in Pretoria, specifically at 147 Pinaster Avenue and 8th Street, Pretoria. Its phone number, for you to call and speak to their members, is 0081 012 424 9300.
You will find another office in Pretoria, specifically located at the Castle Walk Shopping Centre, in Cnr Lois and Nossob Street, also called Erasmus. Its phone number is the following: 012 484 9060
You can call their staff members by dialing up 0860 022 002.
You can even send a fax to the consultants of Woolworths to the following fax phone number: (021) 407 3995
You can send an email to this email address: firstname.lastname@example.org
In Woolworths´ website you can find information about other financial services, look for your nearest store and also get data about insurances and credit cards. There is even a section for sending queries.
All in all, if you were looking for a sustainable way to finance your education, you and your parents can easily obtain a Revolving Personal Loan from Woolworths. Take a look at the requirements and their benefits, and start the application procedure! You deserve to have a perfect education and that is possible thanks to Woolworths!