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Product Guide: Woolworths Personal Loans

Quick Pay Day Loan Overview

  • Minimum Loan Amount: R2,000
  • Maximum Loan Amount: R75,000
  • Minimum of the Loan: 12 Months
  • Maximum Length of the Loan: 60 Months
  • APR: 22.65%

Get a Resolving Personal Loan from Woolworths

There are times when all of us could use some extra cash to cover unforeseen expenses.

A Guide to the repayments

The Woolworths choice of repayment periods and interest rates are designed to make it easier for you to manage your personal finances.

Please note: The examples are provided for illustrative purposes only. The actual calculations for your loan will be shown on the Pre-Agreement statement and quotation.

Revolving Personal Loan

  • Flexible repayment terms of up to 60 months
  • Re-use all the money that has been paid back towards the loan
  • Low monthly service and initiation fees
  • Flexibility to increase your limit should you need extra funds
  • Flexibility to settle early without penalties
  • Flexibility to make additional payments towards your loan
  • Convenience of accessing cash through our interactive voice message system
  • Woolworths Personal Loan Pricing

Monthly Service Fee

  • Revolving personal loans: R32.00
  • Fixed term personal loans: Up to R53.00

Initiation Fee

Revolving personal loans: Up to R550.00

Collection Fee

  • Revolving personal loans: As per requirements of the Debt Collectors Act, No. 114 of 1998
  • Fixed term personal loans: As per requirements of the Debt Collectors Act, No. 114 of 1998

Optional insurance is available

For your peace of mind, Woolworths offers you a choice of two Balance Protection Insurance options, Basic Balance Protection and Comprehensive Balance Protection.

Cash In 48 Hours

Once the loan application has been approved, you will receive cash into your bank account within 48 hours.

Additional Funds

You can access cash on your loan account by contacting their call centre on 0861 50 20 10.


  • Interest will be charged according to the National Credit Act (NCA) and will never exceed the maximum allowed by the NCA.
  • The interest rate charged is a variable interest rate that is linked to the Repo Rate which may change from time to time.

Easy Payments

  • Payment by a monthly debit order is compulsory.
  • Additional payments can be made at any Woolworths store, deposited into any Absa bank branch or by Electronic Funds Transfer (EFT).
  • Electronic Statements
  • You can select to receive your monthly statements via email.

Easy Application

Just complete the application form online or apply in-store.

Peace Of Mind

Woolworths offers optional Balance Protection to cover you for death, retrenchment, critical illness and disability. Find out about your options.

To Qualify for a loan, You Must

  • Be 18 years of age or older
  • Have a valid South African ID
  • Be permanently employed
  • Latest three payslips or the last three months’ bank statements
  • Have a bank account in your name


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Fincheck gathers information from numerous banking partners and presents it to the borrower in a simple, understandable way. Lenders benefit from an additional market place and extensive customer reach. Loan amounts vary from lender to lender. Fees, interest rates, loan amounts and credit scores influence the repayment terms. Lenders require personal details to control their risk and assist the government to combat theft, money laundering, terrorism. Fincheck does not endorse any particular product or company. We are an independent company. The information shown and provided is an opinion, based on numbers and must not be seen as advice or consultation.