Rating based on 32 reviews



  • Short-term loans up to R3,000
  • Low-interest starting from 124%
  • Repayment up to 6 months

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Cobol homepage

Author Cobol. Screenshot of Cobol website. [Accessed March 8, 2020]

About Cobol

The smart and easy way to stress-free loans just for you. Get approved within minutes of the loan application.

It's so easy to apply and you get a 6 month repayment period, the only play that can make it possible for you. We offer a variety of loans so that you can find the one that suits your budget. If it’s for that unexpected doctor visit or just a holiday that you needed badly.

Affordable loans and interest rates

We know that loans can get expensive when it comes to interest and that we usually don’t realize that we borrow more than we can afford. That is why we try to give you the help that you are looking for. We assist with debt counselling and would never try to lend you an amount that can negatively influence your budget. With us, you can also apply for a personal loan and business loans.

What Cobol can offer you

Here at Cobol, we want to make everything as easy as possible for you all the time, so that you don’t waste time on things that keep you away from the things you want to do.

Quick and easy online application 

Our payday loans can be any amount up to R3000, but first, you need to complete our online application to see what amount you do qualify for. Then we make you an offer and you can accept or decline our offer. It is all up to you. When you have accepted our offer we deposit the money into your account almost immediately. Repayments are paid via debit order every month. To make a loan you have to be 18 and older, be a South African citizen and be employed with earning at least R3000 a month. If you want to know if you meet our requirements please take a moment and read through our terms and conditions.

Cobol Short-term loans

  • Loan Type Short-term loans
  • Interest Rate 124212% p/a
  • Loan Amount up to R3,000
  • Repayment 7 days to 6 months

Benefits of Cobol

  • Same day loans
  • Fixed repayment terms
  • Easy online applications

Short-term 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.

Let Cobol help you get a quick and affordable short-term loan

Our company is registered and trustworthy, your private information will never be given to a 3de party without your consent.

We take our privacy very seriously so you don’t have to stress about other companies calling you. Apply today for a stress-free experience.

Be a part of something amazing

If you would like to be part of us. You can apply online or contact us directly. Catch us during our office hours so that you don’t get left behind. Making contact is as important to us as it is to you.

Contact us today

You can either give us a call, send us an email, fax or come and visit us at our physical address. We would be happy to get to know and assist you in your need. If making a call, one of our highly trained consultants will assist you, make sure to ask as many questions as you like to broaden your knowledge of all our different types of services we have to offer. They might mention an offer that would suit you better than the type of loan you had in mind.

Our service is transparent

To apply for you first have to sign up by entering your ID and a password. By entering the amount you want to borrow and the number of months we then show you the interest that has been added and how much of repayment we expect to pay. We don’t have anything to hide so you don't have to worry about any hidden costs.

Customer Reviews & Testimonials

September 2019

This was the quickest approval I have ever had. I was still sitting and doubting that I would receive the money on the same day and then my notifications went off. I have received the cash. I was...

Aneschka J
— Beaufort West —

July 2019

It was a pleasure to have received such friendly and helpful consultants. They answered all my questions on different loans and I was able to find the right one. Thank you for not giving up on me...

Joe S
— East London —

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 – 13:00
  • Sunday – Closed