A Woolworths Fixed Term Personal Loan offers a choice of 12, 24, 36, 48 or 60 month repayment periods each time you borrow, fixed repayments so you can plan and budget accordingly, an interest rate that is fixed until the loan has been paid in full, low monthly service and initiation fees, the opportunity to re-apply once your loan is settled, no penalties for settling the loan earlier than the original term of the loan.
Amounts of 48 and 60 months are not available for loans under R10 000.
Once the loan application has been approved, you will receive cash into your bank account within 48 hours.
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 on the Revolving Personal Loan is a variable interest rate that is linked to the Repo Rate and may change from time to time.The interest rate charged on the Fixed Term Personal Loan is fixed for the term of the loan.
Payment by a monthly debit order is compulsory.