Rating based on 24 reviews



  • Instant loans up to R5,000
  • Low-interest starting from 124%
  • Repayment up to 6 months

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COBOL homepage

Author COBOL. Screenshot of COBOL website. [Accessed April 5, 2018]


COBOL offers an easy, hassle-free way to get a quick loan of up to R5 000. Clients can make use of an easy online application to ensure that they receive their loan amount paid straight into their bank account within 24 hours.

We offer a safe and secure online platform and are trusted by thousands of clients. With instant cash loans, our clients can afford to pay back their loan over a 6 month period. We use trusted and reliable lenders throughout the country, to compare quotes, and benefits, to reach the ideal outcome for every client that requests cash.

Making loans easily accessible to all in SA

We have been offering finance to clients in South Africa since 2006, making us highly experienced in the financial industry, and reputable in the lending markets.

A proudly South African company, working from our home base in Cape Town, we provide accessible online tools for clients throughout the country to make use of. We work in a paperless environment, with secure online technology driving the speed and processes to make our clients more financially accessible. When you need an instant loan, simply access our online application and submit. Cash is yours to use as you please.

COBOL Services

We are fast becoming the brand get your instant loans from in South Africa.

With almost two decades in the financial industry, we know who to get our clients what they want. Life can be expensive, and trying to keep up with unexpected bills that come up when we really don’t have the budget for it, can become a stressful time in our lives. We offer cash services that meet your every need.

Our benefits include

  • Easy to access credit facilities - Simply complete an application form online through our website with your personal details and submit.
  • Clients get approval in minutes - Once we have received your application, we will verify your information and provide you with an instant decision of your application.
  • Cash in your bank account the same day - Once we have come to an agreement with you in regards to the quotation and loan terms, we will EFT the cash straight into your bank account, for you to access immediately.
  • Pay off your loan with easy repayment terms - We offer 6 months maximum for you to repay your loan, making it highly affordable, with low-interest rates on our fixed term contract. Apply online today!

COBOL – Instant loan

  • Loan Type Instant loans
  • Interest Rate 124212% p/a
  • Loan Amount up to R5,000
  • Repayment 1 month to 6 months
  • Decision 10 minutes

Benefits of COBOL

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

Instant loan 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.

COBOL is your friendly & reliable instant loan provider!

COBOL works quickly and effectively to get the instant cash loan our clients want to improve their financial situations.

By following a few easy steps, we can ensure your loan application is carried through from beginning-to-end seamlessly. To qualify, you need to be a South African citizen with a valid ID book, as we will need a copy of that. You will also need to be permanently employed, and provide us with a recent payslip. This is to verify that you can afford to pay back your loan.

This is how it works

To apply, simply complete the quick and easy online application form provided on our website. Submit your application and wait for us to provide you with quick loan approval and quotation on the desired loan amount you have requested. Once you have accepted the no obligation quote and agreed to the loan terms, you can expect the loan amount to be paid directly into your banking account. It’s as easy and as quick as anything you have experienced.

Lending cash is now instant

COBOL addresses the financial requirements of South Africans, looking for instant cash. COBOL is an enlisted credit supplier situated in Cape Town, yet serving South Africans from everywhere throughout the nation with the help of our online platforms and systems. With no requirements of paperwork, emails, faxes or telephone calls.

Instant loans are handled at a significant speed

After you have completed the short online application, which takes only a couple of minutes, the appropriate lender on our database will email you their offer. After you have made an affirmation, the lender will deposit your cash directly into your account.

Get cash within 24 hours of your application!

We offer clients cash of up to R3 000, to use for whatever financial obligations they have. We have a maximum repayment term of 6 months, which makes getting cash not only quick and easy but extremely affordable to anyone earning a monthly salary.

With COBOL, you don’t need to look anywhere else to get cash when you need an instant loan. We have a support team on hand should you need any questions answered, and our straight forward step by step instructions to getting cash will make life a lot easier for you from the instant you access our website.

man holding thumbs up

COBOL is a trusted & reliable provider of instant loans

In our review, COBOL adheres to the compliance criteria in accordance with the National Credit Act, 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

June 2019

I was happy to find out that I could apply for a loan and be able to pay it back over 6 Months. They are very polite and willing to help.

Tania S
— Cape Town —

June 2019

The application is super quick it takes a few minutes and your application has been sent through and the response time would shock you.

Megan W
— Port Elizabeth —

COBOL Contact

Contact Number



Physical Address

  • 702 Boland Bank Building, 18 Lower Burg St, Cape Town City Centre Cape Town Western Cape 8001 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 – Closed
  • Sunday – Closed