How much do you need?
Tell us the details in the online application form below:
Are Woolies Loans Right For You?
So you have discovered Woolworths loans in SA. Before you apply, be sure you know everything important about this lender.
Key Takeaways
✔ The Woolworths Financial Services personal loan is an option available courtesy of Absa Bank.
✔ Be sure to read Woolworths loans reviews online to better understand how this option works before applying.
✔ You can also compare more options for online loans with RandWallet to find a lender that best meets your needs.
✅ How Much Do You Need?
About This Lender
Woolworths Financial Services (WFS) is an authorised financial services and registered credit provider with the National Credit Regulator, NCR (NCRCP49).
WFS (Proprietary) Limited was registered in 2007 and is a joint venture with Absa Bank.
How Does It Work?
As a reputable and popular retail business, Woolworths supports its operations by providing the following financial products:
Personal Loans
This lender offers revolving and fixed personal loans at interest rates within the maximum allowed by the National Credit Act.
Here’s a quick look at how Woolworths personal loans work:
| Loan Amount | 12 Months | 24 Months | 36 Months | 48 Months | 60 Months |
| R 2,000 | R 187.43 | R 104.00 | R 76.64 | N/A | N/A |
| R 4,000 | R 374.86 | R 208.01 | R 153.28 | N/A | N/A |
| R 10,000 | R 937.15 | R 520.02 | R 383.20 | R 316.42 | R 277.61 |
| R 20,000 | R 1,874.29 | R 1,040.03 | R 766.40 | R 632.84 | R 555.22 |
| R 30,000 | R 2,811.44 | R 1,560.05 | R 1,149.60 | R 949.26 | R 832.84 |
| R 40,000 | R 3,748.59 | R 2,080.07 | R 1,532.80 | R 1,265.68 | R 1,110.45 |
| R 75,000 | R 7,028.61 | R 3,900.13 | R 2,873.99 | R 2,373.15 | R 2,082.09 |
| R 85,000 | R 7,965.75 | R 4,420.14 | R 3,257.19 | R 2,689.57 | R 2,359.71 |
| R 95,000 | R 8,902.90 | R 4,940.16 | R 3,640.39 | R 3,005.99 | R 2,637.32 |
| R 105,000 | R 9,840.05 | R 5,460.18 | R 4,023.59 | R 3,322.41 | R 2,914.93 |
| R 120,000 | R 11,245.77 | R 6,240.20 | R 4,598.39 | R 3,797.03 | R 3,331.35 |
Credit Cards
You can apply for a Black or Gold Credit card and earn quarterly vouchers when you shop using the card.
There are four quick and easy payment options to help you stay on top of your account, including debit order, EFT, or payment at any Absa Bank branch or Woolies store.
You can also withdraw cash at any ATM whenever needed.
Store Cards
You can use this card to shop for anything and everything at any Woolies store and enjoy automatic rewards.
The card also works at selected Engen stores, allowing you to do things like pay utility bills and buy airtime.
This is a great option that offers up to 55 days interest-free.
Benefits of Woolworths
✅ Woolies Loans Are Widely Available
You can access Woolworths loans by visiting the nearest retailer.
Locations include Alberton, Cape Town, Arcadia, Pretoria, Port Elizabeth, Midrand, Centurion, Durban, Stellenbosch, Sandton, Boksburg, Benoni, Amanzimtoti, Bloemfontein, and more.
✅ Flexible Credit Limits
You can increase or decrease your credit limit depending on your financial needs.
To apply for a limit increase for additional funds, use the Woolies App or contact representatives.
You can also repay your loan early with no penalties.
✅ Quick Payout
You’ll receive funds in your bank account within 48 hours once your loan application is approved.
✅WRewards Programme
Benefits of WRewards membership and promotions include free hot beverages, free online delivery, free additional cards, and more.
Also keep in mind that Woolies Financial Services is your one-stop shop for a range of financial solutions, including Balance Protection Insurance and Travel Insurance.
What Can Be Improved?
Besides interest, these loans also come with additional charges such as an initiation fee, monthly service fee, and a default administration fee for missed payments.
These extra costs can make borrowing more expensive
Loan Requirements – What You Need to Apply
To qualify you must:
- Be 18 years or older
- Have a valid South African ID
- Have a minimum monthly salary of R2000
- Provide your latest payslip or bank statement
- Have a valid bank account in your name
Application Process
To submit your Woolworths loan application, you can apply online by completing the provided form.
Alternatively, visit the nearest retailer to apply in-store.
Woolworths Loans Contact Details
📌Contact number: 0861 50 20 20
📌Email address: queries@wfs.co.za
📌Physical address: Woolworths House 21 Howe Street Observatory KAAPSTAD 7925
»NEXT: Southern Finance Loans
»LEARN MORE: Private Lenders in South Africa
Our Research Expert
Gracie Makowe is a full-time personal finance writer with 10 years of experience and a Bachelor of Commerce in Financial Management from UNISA. Learn more.