Rating based on 14 reviews



  • Personal loans up to R5,000
  • Low-interest starting from 124%
  • Repayment up to 60 months

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Cobol homepage

Author Cobol. Screenshot of Cobol website. [Accessed March 2, 2020]

About Cobol

Cobol has been South Africa’s trusted financial service provider since 2006.

We are a Cape Town-based credit provider that are always to tackle all your cash emergencies. Although we based in Cape Town, we offer our services nationwide.

Cobol is a safe and secured online lender

We know it is hard to trust online lenders, but we can guarantee that you are safe at Cobol. All the information you provide to us is safe and secured. No one will have access to it other than us. At Cobol, we do not share our client’s details with anyone or company for that matter.

Cobol is a registered credit provider

Cobol is the credit provider you can trust. Us operating online doesn’t mean we are like other scammers. We are registered and we also comply with the National Credit Regulations that encourage responsible lending. Responsible lending means that we should never lend client money that is more what the client can afford.

Cobol specializes by giving out loans

South African economy is slowly becoming a burden to South African citizens. The prices are becoming high while salaries are not changing which forces people to take out quick loans. Although we are fully aware of what is happening in South Africa, we will never lend you money that is beyond what you can afford.

What Cobol can offer you

We are the most straightforward cash loan service you can ever find in South Africa and it is quite easy to access our services.

Borrow only the amount you need because loan fees and interest become costly. Most importantly apply for a single loan at a time because you might find yourself in deep debts due to several loans you have.

Cobol quick loans

Sometimes applying for a personal loan is a headache. Firstly, the terms that are used in the application form are confusing and secondly are way too confusing too. Hence, at Cobol, we have a simplified loan application form that is easy to be understood. What is more amazing about Cobol is that, although we have simplified our application form, you can still call us and ask for our help when you reach a part you do not understand.

Apply today and be approved in a few minutes

When your application is successful, we do not waste any time. We ensure you receive your money instantly. At Cobol, we include you when we draft your repayment period because we want to give you what you can afford. And you can repay our quick loans within 6 months.

Cobol has amazing interest rates

Every loan is accompanied by an interest rate. So, amazing deals of loans are judged based on interest. When you apply for Cobol loan you will be charged an interest rate from 124 % to 212 % per annum.

Cobol Personal loans

  • Loan Type Personal loans
  • Interest Rate 124212% p/a
  • Loan Amount up to R5,000
  • Repayment 30 days to 60 months

Benefits of Cobol

  • Same day loans
  • Get a loan up to R5,000
  • Fixed repayment terms up to 6 months

Personal loans 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 Online loan calculator is subject to our terms of use.

At Cobol we make getting a loan quick and easy

Assess your own financial status before clicking that apply now button.

Taking a loan is both exciting and risky. It is more important to take a loan when you want to tackle an important issue. A single loan is powerful enough to take you from a good credit score rating and send you straight to the blacklisted list with bad credit history.

Apply for Cobol loan only when you meet the following criteria

  • Have a valid South African ID
  • Be permanently employed and earn at least R3000

After you have successfully submitted your application form and luckily you become approved. You will receive an email with a contract will be emailed to you for final approval. And if you are happy with what is written in the contract. You can expect to receive your funds in a few hours.

Ways of getting hold of Cobol

When you need Cobol services, you can get hold of us through our website. Furthermore, you can also contact us at our office number, and you be gladly assisted with everything you need to know. However, you can only contact us at working hours. You can make an online loan application anytime.

man holding thumbs up

Cobol is a trusted & reliable provider of personal loans

In our review, Cobol adheres to the compliance criteria in accordance with NCA regulations, where the granting the loan will not cause financial distress to the consumer.

Cobol is a registered credit provider in South Africa: NCRCP7055

Customer Reviews & Testimonials

July 2019

Loan applications are always the hardest to make but while I was applying for Cobol loan, I did not have any difficulties with their application

Masango W
— Durban —

June 2019

I am a recipient of Cobol personal loan. I have never encountered any hidden costs. They are so trustworthy

James C
— Knysna —

Cobol Contact Details

Contact Number



Physical Address

  • 2nd Floor, Block A, Vineyard Centre Cnr, Adam Tas Rd Stellenbosch Western Cape 7600 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