There are several different financial services and benefits with Woolworths that you can utilise and enjoy. You could apply for one of the numerous types of loans including personal loans, or you could simply earn rewards and discounts by utilising a Woolworths card when shopping at the stores. You could also ensure that some of the money that you spend at Woolworths goes to your favourite charity so that you can rest assured that you are doing your bit without having to take time out of your busy schedule.
Woolworths was founded in October 1931 by Max Sonnenberg. He opened his first branch in Cape Town and then expanded to Durban, Port Elizabeth and then to Johannesburg. In the 80 years since the first few branches opened their doors, Woolworths has grown to over 400 branches across South Africa, Africa and the Middle East. Woolworths offers a range of items for sale from groceries to ready cooked meals to fresh produce, from clothing and accessories to shoes and baby wear and from house hold goods to décor.
All Woolworths shoppers will know that this business aims to offer quality goods that are durable and affordable and to make a difference. They run several initiatives and campaigns that help with sustainability, social development and against climate change. Woolworths aims to offer healthy products that will result in a smarter, stronger, better South Africa. In 2008 and again in 2010, the brand won the international Responsible Retailer of the year award in recognition of their efforts.
The financial services offered by Woolworths
Woolworths offers two main financial services: personal loans and insurance. Their insurance options are home insurance, travel insurance, car insurance, touch-up insurance, cell phone insurance, life insurance, personal accident insurance and balance protection insurance. Applications for any of these insurance policies or personal loans can be made through the Woolworth website, making the process simple and efficient. With the personal loans, once your application has been approved the money will be deposited into your bank account within 48 hours, meaning that you can gain access to the funds that you need with very little delay.
There are different repayment terms with each loan and you must make sure that you read the fine print and choose the loan that suits your needs and your budget perfectly so that you do not regret it later. There is no need for any form of security for a Woolworths personal loan.
In order to qualify for a personal loan from Woolworths, you must be over 18 years of age, have a valid South African identity document or book, have permanent employment where you earn at least R2 000 per month and you must have a bank account. There are two types of personal loan available: a revolving personal loan and a fixed term personal loan. There are generally no initiation fees, but you will be charged interest and a monthly service fee. However, the interest rate is charged according to the National Credit Act and will never be higher than stipulated by them.
The video below gives a brief overview of the Woolworths financial services…
VIDEO: Financial Services from Woolworths:
The benefits provided by Woolworths
Woolworths offers many benefits by shopping with them or using their services. With a store card, you can shop on credit and repay your account later. With a rewards card you can earn discounts and have the first pick at sales. Once you have spent at a certain level, you will climb a tier and earn greater rewards and discounts when you shop at Woolies stores. You could also apply for a My School/ My Planet/ My Village card and have a portion of what you spend donated to the charity or school of your choice so that you can rest assured that you are making a difference in your country every time you shop.
Why choose financial services and benefits with Woolworths over other financial service providers?
Woolworths is a reputable, large and well-known corporation that has a reputation for quality products, great service and for looking after their customers and clients. You will be hard pressed to find this kind of care and treatment anywhere else!