Woolworths revolving credit works like an access or flexi bond, in that you can access money you have paid back into your loan, as and when you require it. Woolworths offers repayment terms of 12, 24, 36, 48 or 60 months. Obviously the longer you take to pay back the loan, the more interest you are paying on this amount. Take note, however, that interest on personal loans is always fairly high. In Woolworths’ case it is currently set at 22.1% (Jan 2013)
You have the convenience of being able to access cash through our easy interactive voice message system with the ability to withdraw a minimum loan of R1000, increasing in multiples of R500, no penalties for settling the loan earlier than the original term of the loan, low monthly service fees and no initiation fees.
Features of a Woolworths Revolving Loan
- A choice of 12, 24 or 36 month repayment periods.
- Ability to withdraw a minimum loan of R1000, increasing in multiples of R500.
- The ability to re-use money that has been paid towards the loan.
- The convenience of access to cash through our easy interactive voice message system
Woolworths Financial Services (Proprietary) Limited
1 Mostert Street
PO Box 5553
Tel: 0861 50 2010
Fax: (021) 407 9664