Rating based on 16 reviews

Cobol Loans

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

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Cobol Loans homepage
Author Cobol Loans. Screenshot of Cobol Loans website.
[Accessed January 30, 2023]

Cobol Loans Online – Reliable Financial Solutions

Cobol means “us”. They feel that it’s just you and Cobol that have an agreement, and together you embark on a journey to free yourself from debt.

Cobol is a registered Credit Provider in terms of the National Credit Act, so you can count on them to abide by responsible lending practices.

If you require a personal loan, they have just the right offer for you.

Quick loans are the most popular type of loan and also a good option for all your instant cash needs.

With a reliable lender like this, you never have to worry and stress yourself out again.

Cobol personal loans – more than able

When you have a cash emergency, the last thing you want to do is struggle to find someone you can trust. Now, you can simply make your way to Cobol Loans.

They provide personal loans that match your financial needs, alongside services that will leave you with the best impression. Cobol is ready to take care of your credit needs.

They've helped thousands of individuals across South Africa with affordable personal loans since 2006.

They continue to do so as fellow citizens encounter more and more financial strain.

A range of loan options

If you're in urgent need of cash, they have exactly the personal loan that you need.

Loans amounts determine the repayment duration, the interest rate, monthly repayments, and initiation fees. 

Cobol Loans provide you with loans that you can rely on and services you can lean on. It also has a personal loan calculator available for you to work out what your interest rate will be. This will depend on the amount you borrow and your loan term.

With the personal loans offered by Cobol Loans, you won't fall into a debt trap. Their loans are ideal for those in a financial emergency.

A wide range of loan options with Cobol

It’s not only fast loans that they offer. They have a vast array of online loans ranging from quick-cash loans to long-term loans. They collect their payments via debit order, so you'll have to have an active bank account. All their fees are inclusive of VAT, so you won’t be subject to any hidden costs.

Get the loan you need, fast

Their fast application process helps you determine whether you’re able to afford the loan within minutes of your emergency, thus allowing you to amend whatever is needed to qualify or obtain approval.

Cobol Loans – Personal loan

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

Benefits of Cobol Loans

  • Choose between loan options
  • Affordable interest rates

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.

If you need a loan and peace of mind, Cobol will give you both

It’s always recommended that you personally assess your financial situation before applying.

Only you know what other debts exist outside of your statements and whether or not you truly can afford to repay them. Consider this carefully.

Ready yourself to apply for a personal loan by ensuring that:

  • You're a South African citizen or permanent resident.
  • You are in possession of a valid South African ID.
  • You have a permanent job earning a minimum of R3000 per month.

It’s easy to apply for a loan with Cobol

Step 1: Upload your paperwork and complete the application.

Step 2: Your details will be verified and at this point, if you're approved, then a contract will be emailed to you for final approval.

Step 3: The funds will then be paid out to your account.

They aim to keep their monthly instalments as affordable as possible for all consumers.

Personal loans suitable for you

Everyone has a different financial situation and they take that into account when assessing loan applications. That's why they have terms that range up to 6 months for those who might need it.

If you find that you’re overloaded with information and are struggling to understand a few things or still have questions, they have a team of expert consultants that are ready to help you whenever you need it.

Benefits of Personal loans with Cobol Loans 

  • They offer client confidentiality.
  • Outstanding service and professional employees.
  • A trustworthy company that serves with pride.
  • Affordable loans.
  • Convenient repayment terms.
  • Fast responses from the Cobol Team.
  • You get to choose between loan options.

Simply call in and someone will guide you in the right direction. Applying for a Cobol loan is easy, straightforward, and quick.

Customer Reviews & Testimonials

October 2018

I am happy with the loan that I am paying at Cobol. I can still attend to my other financial obligations.

Simon P
— Durban —

April 2019

Applying for the Cobol loan was easy, straight forward and quick.

Richard Y
— Johannesburg —

April 2019

If you looking for an affordable loan, apply for a Cobol loan!

Malibongwe R
— Harrismith —

June 2021

I am overjoyed, to say the least, my personal loan was finalized in no time and I had access to the funds quickly. I could tend to the emergency that surfaced.

Yamkela R
— Johannesburg —

May 2021

I am happy with the personal loan that I received, as well as the repayment terms that I am subject to. I can still attend to my other financial obligations.

Philander S
— Durban —

September 2021

I would recommend Cobol Loans to anyone in need of cash in stressful times, the customer service is through the roof and the application process is extremely easy.

Mabata Y
— Cape Town —

Cobol Loans Contact

Contact Number



Physical Address

  • 702 Boland Bank Building, 18 Lower Burg St, Cape Town City Centre Cape Town Western Cape 8001 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 – Closed
  • Sunday – Closed