Cobol is a Registered Financial Service Provider / NCRCP7055

image of Cobol

About Cobol

Cobol is a short term loan provider that has been faithfully serving South Africans for over 10 years.

With years of experience under our belts - we serve clients faster and more professionally than any other lender - whether online or operating from a storefront.

Responsible Lending

As a registered lender we are committed to ensuring that we lend responsibly - even through our loan sums are small - we will always ensure that customers meet our affordability checks before approving them for a quick loan. This means that you have to be permanently employed and earning a stable income.

What Cobol can offer you

Payday loans are very small - at Cobol we offer loan amounts that range from R1,000 to R3,000.

These are loan amounts that can assist any South African get through a cash emergency that has suddenly popped up. Buy appliances, fix a broken-down car of pay the dentist with a Cobol loan.

An Online Lender that gets you Sorted Fast

Part of the reason that Cobol is so popular and efficient is that we offer loan 100% online. This means that customers can apply for a loan online from the comfort of their own homes at any time of the day or night and - we'll get back to you fast and credit your loan immediately after approval.

In a Nutshell

  •  Loan minimum R 1,000.00
  •  Loan maximum R 3,000.00
  •  Interest rate From 124% to 212% per annum
  •  Loan term minimum 1 month
  •  Loan term maximum 6 months
  •  Average processing time 60 minutes
  •  Online application
  •  Unsecured loan option
  •  Bad credit consideration
  •  Early repayment

Applying for Quick Cash with Cobol

If you need a quick micro-loan - visit Cobol's website and start your online loan application now!

Our loans are ideal for cash flow shortages and financial emergencies.

Requirements to get a Loan

Although we do not require you to have a perfect credit history to apply for a loan - we do require you to be in full time, permanent employment and to be a South African citizen with a valid ID and proof of address which can be demonstrated by an official utility bill.

Applying with a Bad Credit History

We offer bad credit loans and loans for blacklisted people too - so no matter what your circumstances may be, we can help you access credit quickly and easily. Our APR is capped at 212% - so even with a bad credit history you will not pay more interest than this.

Eligibility & Requirements

  •  Over 18 but under 65
  •  Credit check
  •  Active email address
  •  Mobile
  •  Recent pay slips
  •  Bank statements
  •  Proof of address

Other Products & Services

  • Fast Loans
  • Online Loans

Contact Details

 Visit Website


 Physical Address

  • 702 Boland Bank Building, 18 Lower Burg Street, Cape Town, Cape Town CBD, 8001, South Africa

 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 –