Rating based on 66 reviews


  • Quick loans up to R5,000
  • 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 May 13, 2018]

Cobal - Fast short-term loans

Cobal is a short-term loan provider, and over the past decade, we have helped many South Africans in obtaining a small loan when they need it the most – immediately.

We are proud to announce that with all our years of experience, we have learned how to help South Africans achieve credit faster. We have grown from a small company into a highly recommended short-term loan provider.

Quality services

Our employees have been well trained in customer service and in the financial industry. You are more than just a number to us. Our expert consultants are professional and your online loan application is always treated as a number one priority to our staff.

Were a registered lender

At Cobal, we are a registered lender. Even though our quick loans are small in comparison to what’s on the market, we ensure that when we lend you money, we do so responsibly.

We offer small unsecured loans to anyone who wishes to apply for, even if you are blacklisted or have bad credit you may also be considered for a loan.

You can apply online or in-store through any one of our expert consultants.

Loans between R1 000 and R3 000

Our loans on offer range between R1, 000 up to R3, 000.

We understand that cash emergencies come unexpectedly, often leaving you flustered with how to go about relieving the burden.

Fastest service in the industry

We strive to assist you with a small, fast loan to allow you to relieve yourself from that strain of debt or low cash flow.

It is important for cash emergencies to be resolved quickly and therefore we insist on delivering speedy turnaround times when it comes to transferring your cash. Our turnaround time is one of the fastest you will find within the financial industry, and our clients will testify to that.

Online application

Apply online from anywhere you are. There’s no need to go into a branch to apply, and once we have made a decision on approving the personal loan, we correspond with you virtually immediately. We will also credit your account with the loan amount immediately.

Loan requirements

Our instant loans range from R1, 000 up to R3,000 with an interest rate ranging between 124% up to 212% per annum. You have 6 months to repay your loan within the loan amount range.

We offer unsecured loan options with the average processing time being only 60 minutes! With one of the shortest turnaround times in the industry, we will help you gain access to emergency cash fast.

COBOL Loans – Quick loan

  • Loan Type Quick loans
  • Interest Rate 124212% p/a
  • Loan Amount up to R5,000
  • Repayment 30 days to 6 months
  • Decision 10 minutes

Benefits of COBOL Loans

  • Same day loans
  • Fixed repayment terms up to 6 months
  • Quick loans up to R5000

Quick 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.

Cobal – Quick cash loans made easy

We specialize in supplying South Africans with a quick micro-loan.

To apply you can visit our website and complete a simple and fast application form.

How to qualify

With us, you are also rewarded for repaying your loan before the set upon date, which is an added bonus at Cobal.

To qualify for a loan, you need to be 18 years and older, but younger than 65. You will be subjected to a credit check when you apply and your minimum salary must exceed R3000 a month in order to qualify. Your personal documents we require can be uploaded onto our online platform.

To ensure your quick cash loan is processed quickly, please ensure that your contact details (cell phone number and email address) are filled inaccurately. An added benefit is that our online platform is secure and rest assured that your information is safe with us.

Small loans made easy

After completing the application form, we will verify your personal details and email you a loan offer. You can reply to the email to accept our offer and the cash will be deposited into your account immediately, it’s as easy as that! Your monthly repayments on the payday loan will be collected via a debit order that we will set up for you.

Unsecured small loans

Our small loans are unsecured. You do not have to put down any of your valuables as security.

At Cobal we can help relieve you from financial burden when unexpected cash emergencies occur. We are a trusted name in the financial industry and you should always consider Cobal if you’re in need of a small online loan fast. Apply today and see for yourselves!

man holding thumbs up

COBOL Loans is a trusted & reliable provider of quick loans

In our review, COBOL Loans adheres to the compliance criteria in accordance with the National Credit Act, where the granting the loan will not cause financial distress to the consumer.

COBOL Loans is a registered credit provider in South Africa: NCRCP 7055

Customer Reviews & Testimonials

September 2018

Cobol has really helped me through tough time, I am happy and grateful.

Pitsi G
— Port Elizabeth —

February 2019

They provide unsecured small loans, its something that’s quite affordable for me and I am happy I had that option.

Lebohang T
— Durban —

January 2018

The interest rate is affordable, and I think that’s the most important thing.

Jeff H
— Johannesburg —

COBOL Loans Contact

Contact Number



Physical Address

  • 702 Boland Bank Building, 18 Lower Burg Street 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 08:00 – 13:00
  • Sunday – Closed