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 January 30, 2023]

Cobal - Fast short-term loans

If you are looking for a great quick loan, you have come to the right place.

As a short-term loan provider, Cobol has helped many South Africans in obtaining small loans over the last decade and they are proud of their achievements.

With all their years of experience, they have learned how to help people get credit faster. They have grown from a small company into a highly recommended short-term loan provider.

Quality services

Their employees have been well trained in customer service and in the financial industry. With them, your online loan application is always treated as a number one priority as every customer is important to them. So, you are not just a number and will always be treated with respect, efficiency, and professionalism.

They’re a registered lender

Even though their quick loans are small in comparison to what’s on the market, they ensure that when they lend you money, they do so responsibly.

You can access small unsecured loans with them even if you are blacklisted or have bad credit. Applying online or in-store can be done through any one of their expert consultants. With them, you are also rewarded for repaying your loan before the set date, which is an added bonus.

Loans between R1 000 and R3 000

You can get a quick loan from R1,000 and up to R8,000 at low-interest rates from 3%.

These loans can be repaid over up to 6 months and have a monthly service fee of only R69.

They understand that cash emergencies come unexpectedly, often leaving you flustered with how to go about relieving the burden. That’s why they created cheap, flexible, and speedy quick loans to assist.

Fastest service in the industry

They strive to assist you with a fast and small 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 they insist on delivering speedy turnaround times when it comes to transferring your cash. Their turnaround time is one of the fastest you will find within the financial industry, and their clients will testify to that.

Unsecured small loans

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

When you are burdened with a cash emergency, Cobol can offer you the perfect solution swiftly. They are a trusted name in the financial industry and you should always consider them first if you need a fast online loan. Apply today and see for yourself.

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

Cobal – Quick cash loans made easy

With them, there is no need to go into a branch to apply as you can apply online from anywhere.

The great thing about them is that once they’ve made a decision on approving your loan, they will immediately correspond with you virtually and credit your account with the loan amount.

The average processing time is only 60 minutes! So, with one of the shortest turnaround times in South Africa, they will help you gain access to emergency cash fast.

it’s easier than you think

They specialise in supplying South Africans with quick micro-loans that are easily accessible.

To apply you can visit their website and complete a simple and fast application form to get the ball rolling. An added benefit is that their online platform is secure and your information is extremely safe.

How to qualify

To qualify for a loan, you need to be:

  • 18 years and older.
  • Younger than 65.
  • You will be subjected to a credit check.
  • Your minimum salary must exceed R3000 a month.
  • Your personal documents can be uploaded onto their online platform.

To ensure your fast loan is processed quickly, ensure that your contact details (cell phone number and email address) are accurate.

The last step in the application process

After completing the application form, they will verify your personal details and email you a loan offer. You can reply to the email to accept their 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 will be set up for you.

Benefits of getting a small loan from Cobol

  • Cash in your pocket in minutes.
  • Fast approval and friendly staff.
  • Great prices on small unsecured loans.
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 —

August 2021

This is such a great company with great values and service that is on point.

Khoza J
— Sandton —

August 2021

They assisted me with what I needed in less than an hour, I am over the moon with their amazing service delivery.

Neethling S
— East London —

December 2021

What I like about them is that their loans are small and manageable, so no need to overindebted yourself with a high-cost loan as their loans are so compact and exactly what we needed.

Pieterse M
— Scottburgh —

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