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 5, 2021]

Cobol Loans Online – Reliable Financial Solutions

When you have a cash emergency, the last thing you want to do is struggle to find someone you can trust, whose cost matches your financial needs, and whose service will leave the best impression on you. At Cobol, we have all of this covered.

Cobol has been helping thousands of individuals in South Africa with affordable personal loans since 2006 and we continue to do so as fellow citizens encounter more and more financial strain in our country. 

With us, when you’re faced with that unexpected bill that you can’t repay on your own, we offer instant loans to get you the much-need cash in no time at all.

Security matters the most

When it comes to security - we are the best in the business. There are a few things that we take pride in, but one of the major ones is our client’s security of information when they hand it over to us in trust.

You can have peace of mind that your information will not be shared with anyone and that we will treat your financial situation with the discretion and respect it deserves.

What does Cobol mean though? We like to explain the meaning of our name because it means “us”. We feel that it’s just Cobol or just the client, it’s “us”, and “we” have the agreement, and we are walking a journey together for you to free yourself from debt.

Cobol is a registered Credit Provider in terms of the National Credit Act, so you can count on responsible lending from us. If you’re in need of a loan, we have one for you. Instant loans are the most popular and also the way forward for all your instant cash needs.

A range of loan options

It’s not only fast loans that we offer. We have a vast array of online loans ranging from personal loans to long-term loans.

Our 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 in order to qualify or obtain approval.

Apply for a loan now

If you’re ready to apply for a loan, there are a few criteria that need to be met first. You have to be a South African citizen in possession of a valid South African ID and must have a permanent job earning a minimum of R3000 per month. To apply, you must be a South African citizen with permanent employment, earning at least R3000 per month.

It’s easy to apply and even easier to upload your paperwork, but once you’ve done all that, our staff is ready to assist. Your details will be verified and at this point, if you are approved, then a contract will be emailed to you for final approval.

The final step in this short process is to receive the personal loan which has been credited to your bank account. It’s always recommended that you personally assess your own financial situation prior to applying just to save everyone time. Only you know what other debts outside of your statements exist and whether or not you truly can afford to repay them. Consider this carefully.

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 loan calculator is for illustration purposes only.
The use of this quick loans calculator is subject to our terms of use.

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

We aim to keep our monthly installments as affordable as possible for all consumers.

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

If you find that you’re being overloaded with information and are struggling to understand a few things or still have questions, we have a team of expert consultants that are ready to help you whenever you need it. Simply call in and someone will guide you in the right direction.

Avoid the debt trap

Our costs are carefully considered for those in a financial emergency. There will always be fees for a payday loan, but that doesn’t mean that it needs to impact you financially.

Cobol wants to help you get back on your feet, so we will assess your expenses and income and work out a package that suits your needs as well as your budget. Avoid the debt trap. If you find yourself over-indebted already, try debt counseling as a solution for now.

In a nutshell

You can expect an easy online loan application with approval in just minutes. With same-day quick loan payouts over up to six months’ repayment terms, very seldom are individuals not approved.

We collect our payments via debit order, so you will have to have an active bank account, and remember that all our fees are inclusive of VAT, and you won’t be subjected to any hidden costs.

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 —

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