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.
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
- Recent pay slips
- Bank statements
- Proof of address
Other Products & Services
- Fast Loans
- Online Loans
- 702 Boland Bank Building, 18 Lower Burg Street, Cape Town, Cape Town CBD, 8001, South Africa
- PO Box 2961, Cape Town, 8001, South Africa
- 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 –