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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.

Interest Rate

From 0 %

To 0 % Per annum

Loan Amount



Repayment Term

0 days

0 months

In a Nutshell

  •  Average processing time 60 minutes
  •  Online application
  •  Unsecured loan option
  •  Bad credit consideration
  •  Early repayment

Cobol is so popular and efficient and we offer loans 100% online

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. Our application process was designed with you in mind because we know how frustrating it can be trying to get a loan. Therefore with us, we've made everything as simple as it can be, eliminating any unnecessary complications.

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.

Repay your loan comfortably

With terms starting from 1 month going up to a maximum of 6 months, you can repay your loan over a timeframe that is most manageable for you. This is just one of the ways we accommodate our customers and their needs because we want your lending experience with us to be one that always leaves you happy and satisfied.

People who care

When someone comes to us for financial assistance, we like to do everything that we can to help. We have a strong culture of being a loan provider that really cares for our customers because our goal is to see every South African get the financial help they need in order to achieve whatever they want to achieve. So when life throws you an emergency and you need cash quick, we're the people to talk to. We'll give you a quick loan in just minutes and the money will be deposited into your account the same day! This is why thousands of South Africans put their trust in us every single day. Why don't you start doing the same?

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

Customer Reviews & Testimonials

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 –