Rating based on 94 reviews

Woolworths Loans

  • Personal loans up to R120,000
  • Low-interest starting from 20.25%
  • Repayment up to 5 years

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Woolworths Loans homepage
Author Woolworths Loans. Screenshot of Woolworths Loans website.
[Accessed December 8, 2022]

About Woolworths Loans

Being one of the most popular retail stores in South Africa, Woolworths has been growing from strength to strength and is known for quality and impeccable service.

It is not common knowledge that Woolies offers personal loans. However, they have great deals that are not only affordable but accessible to every South African that meets their basic requirements.

Reliable and fast service

When Woolies entered a partnership with ABSA, they improved their chances that their quick loan solutions would appeal to the masses. Getting to work with such a big financial organization has had a massive impact on this retail store.

A consistent financial service

There is a range of credit products that you can access if you meet all Woolies' terms and conditions. You need to ensure that you'll be able to pay for the loan you're applying for and they'll ensure affordability before they approve your application.

Woolworths Loans Services

Woolworths has a great number of financial solutions you might be interested in. This includes personal finance products such as loans and investments.

At the end of the day, Woolworths want to see you grow your financial possibilities in the best way. There are a number of deals you can shop online or in-store that will help you save a lot of money. Make use of their low-interest cards and you'll realise that you have the opportunity to save even more! 

Woolworths know how to serve you best

One of the reasons why Woolies decided to offer revolving personal loans was so that you could have access to quick cash on an ongoing basis. 

There will always be a financial need that may not be able to wait until month-end. Hence, you may want to take up a loan. 

With a personal loan from Woolworths, you can get back on track quickly and easily. 

Competitive interest rates

A Woolworths personal loan has a competitive interest rate of 20.25% and does not include the optional insurance or service fee. 

Woolworths Loans – Personal loan

  • Loan Type Personal loans
  • Interest Rate from 20.25%
  • Loan Amount up to R120,000
  • Repayment 160 days to 5 years
  • Decision 48 hours
  • Monthly Service R69

Benefits of Woolworths Loans

  • Get cash in 48 hours
  • Flexible loan terms
  • Flexibility to increase your limit

Personal loan calculator

The interest rate of a loan will vary based on your credit score and risk profile.
This personal loan calculator is for illustration purposes only.
The use of this loan calculator is subject to our terms of use.

At Woolworth's you will find a unique loan service

Make use of Woolworths' quick loans application and you'll find that their services are quick and reliable. 

The money will be deposited in two business days - or less

All you have to do is complete the online loan application form. After this, their consultants will go through your credit application and collect any documents they'll need as part of the verification and assessment process. Once all of this has been done, the money will be deposited into your bank account in two days - or less.

Borrow up to R120,000

Although you can take up to 5 years to pay your loan, you'll save on interest if you finish paying it off sooner. Furthermore, don’t take the entire R120,000 even if you can afford it. Only take what you need and pay it within the loan term, or even sooner if possible.

Ensure that you can afford the interest charges on your loan

The interest rate is what you need to pay apart from the actual loan itself. Therefore, before you can take up a loan, ensure that you're happy with the additional charges thereof.

If you're not satisfied, try to find a credit plan that will be well within your affordability range. In essence, you should never put yourself in a financially difficult position.

Credit plans that are always evolving

Woolworths will give you an instant online loan as long as you meet the set credit criteria they've set in their agreement. The personal loans offered by this large retailer have helped and continue to help a number of households during hard times.

The qualifying criteria

  • You need a bank account registered in your name
  • Have a South African ID number
  • A most recent bank statement/payslip
  • Be at least 18 years old
  • Earn a minimum income of R2,000 monthly
man holding thumbs up

Woolworths Loans is a trusted & reliable provider of personal loans

In our review, Woolworths Loans adheres to the compliance criteria in accordance with the National Credit Act, where the granting the loan will not cause financial distress to the consumer.

✅ Woolworths Loans is a registered credit provider in South Africa: NCRCP49

Customer Reviews & Testimonials

April 2019

Woolies is one of my number one favourite stores; from their clothing to their food and now their finances. They are a name I have grown to trust and am so happy to see that they are branching ou...

Belinda C
— Port Elizabeth —

April 2019

One thing that I need in finance is variety and flexibility and Woolies offers both; they have a series of loans to choose from and helped to package it exactly the way that I wanted it.

Daniel M
— Durban —

March 2019

With their online application, I do not even need to head to the store. Woollies certainly finds new ways to make their customers’ lives more convenient.

Duncan S
— Bloemfontein —

Woolworths Loans Contact

Physical Address

  • Adderley St & Strand Street, Cape Town City Centre Cape Town Western Cape 8001 South Africa
  • Get Directions

Opening Hours

  • Monday 07:00 – 18:00
  • Tuesday 07:00 – 18:00
  • Wednesday 07:00 – 18:00
  • Thursday 07:00 – 18:00
  • Friday 07:00 – 18:00
  • Saturday 09:00 – 17:00
  • Sunday – Closed