Rating based on 38 reviews


  • Instant loans up to R3,000
  • Low-interest starting from 124%
  • Repayment up to 6 months

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Cobol homepage
Author Cobol. Screenshot of Cobol website.
[Accessed January 5, 2021]

Cobol - Quick loan solutions

Are you in desperate need of some cash? Do you need a personal loan that guarantees money in your pocket today? Well then look no further because Cobol has the solution you have been searching for.

Our simple, stress-free loan options allow you up to 6 months of fixed repayments for you to repay your loan. There is nothing more frustrating than needing money but not having any especially when it comes to paying for an emergency.

Borrow up to R3000 and get your cash today

Cobol offers payday loan solutions of up to R3000 and guarantees you an answer the very same day. There is no more need to sit around for days waiting to find out if your application has been approved. 

The approval process is completed in minutes and once you are approved – you will be able to get your cash on the very same day! Get your cash today so that you can stop stressing and get a good night’s sleep tonight.

Helping our clients get ahead

When we first opened our doors in 2006 we were highly optimistic on how our business would grow and flourish, to date we have helped thousands of South African citizens with our quick, convenient instant cash loans with that number growing as each day passes.

One of the keys to our success is our friendly consultants that are there to help you every step of the way and make sure that all your needs and requirements are met. Cobol is a registered Credit Provider and complies with all the terms of the National Credit Act.

Straightforward loan applications

The online loan application process is so straight forward and uncomplicated it’s as easy as a few clicks of your mouse.

To find out if you qualify simply input your South African Identification number and choose a password that will give you access to your account. One of our friendly consultants will then give you a call and let you know if you qualify and for exactly how much.

Responsible and reliable

Cobol is a responsible lender, we don’t want you to borrow beyond your means, or get you into debt. Fees and interest rates can add up quickly if not managed correctly. Our instant loans are best used for unforeseen expenses such as car repairs or unforeseen expenses.

If you have debt trouble and many unpaid bills getting you down you can contact a debt counsellor to help you get back on your feet.

Do you need a quick cash loan?

Our fast loans range from as little as R1000 right up until R3000 perfect for when you need a little cash to see you through the rest of the month or an unforeseen expense creeps up on you. Complete our easy online process and once your application has been approved, the cash will be deposited in your bank account on the same day! This makes our service perfect for when you need cash in a hurry!

Keeping your personal information private is very important to us; we would like to let our customers rest assured that our website has top-notch security and there is no chance of your personal details falling into the wrong hands.

Cobol – Instant loan

  • Loan Type Instant loans
  • Interest Rate 124212% p/a
  • Loan Amount up to R3,000
  • Repayment 30 days to 6 months

Benefits of Cobol

  • Instant Cash Loans
  • Legal Services

Instant loan calculator

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

Cobol - A superior loan service

Applying online for a loan is great but to take things up a notch you can now apply directly from your cellphone. All you need to do is SMS your South African ID number and you will be asked to set a unique password to access your account. This pin number must be something that you will remember and won’t forget very easily.

Once you have set up your password you will be sent a onetime pin. You will then need to enter your cellphone number and your onetime pin number this will be sent to the number provided. Once you have done so you will be sent a generated application that you can simply complete and send back to us. 

Getting your cash

Once your loan application has been approved you will be sent a quote, you will have 5 business days to accept our online loan offer. After 5 days have passed the offer will expire and you will need to re-apply. 

If you do decide to accept our offer we will then send you a copy of the Credit Agreement which will reflect everything that you need to know. The loan amount will then be deposited directly into your account as soon as you have accepted the agreement.

Re-paying your loan is easy with a debit order

To keep the instant cash loan process as simple as possible the amount that you owe will simply be deducted via debit order straight from your bank account. This will make it almost impossible to miss a payment and give you peace of mind. Our interest rate is fixed for the duration of the agreement and is calculated on a daily closing balance. You will need to pay a monthly service fee.

Keeping track of your repayments

To keep track of how much you have paid and how much you still owe. Cobol has made it easy for you by providing you with a mini statement every month and a full statement every 3 months.

Customer Reviews & Testimonials

January 2019

Cobol would never give you a loan that will prove to be difficult for you to pay. They are always looking for the best interest of the customer.

Brenda L
— Bryanston —

October 2018

I would like to commend the agents of Cobol that make it their responsibility to ensure that you are given a good credit offer.

Sandra P
— Germiston —

December 2018

I finished paying off my Cobol loan before the end of the agreed-upon payment date and wasn’t charged anything for it! Thanks, guys.

Mandy W
— Randburg —

Cobol Contact

Contact Number



Physical Address

  • 2nd Floor, Block A, Vineyard Centre Cnr, Adam Tas Rd Stellenbosch Western Cape 7600 South Africa
  • Get Directions

Postal Address

  • PO Box 2961, Cape Town, 8001, South Africa

Opening Hours

  • Monday 08:00 – 17:00
  • Tuesday 08:00 – 17:00
  • Wednesday 08:00 – 17:00
  • Thursday 08:00 – 17:00
  • Friday 08:00 – 17:00
  • Saturday 08:00 – 13:00
  • Sunday – Closed