image of COBOL
image of COBOL

COBOL is a registered credit provider with South Africa’s National Credit Regulator: NCRCP7055

About – COBOL

As a registered South African credit provider, COBOL offers easy and simple quick cash loans nationwide.

The company is based in Cape Town but it is here to meet the financial needs of all South Africans via its dedicated online service. It adheres fully to the rules and regulations set by the National Credit Act.

The entire loan information is available on the company's website along with the loan application form. You can select from several loan amounts depending on your needs and requirements.

The assessment takes minutes & cash is wired instantly upon approval.

The repayment term is 6 months.

Services – COBOL

COBOL is the most straightforward quick cash loan service that you can find in South Africa.

It is really easy to access the credit facility.

All you have to do is to fill out the short online application and submit it. You do not need to fax any documents.

We provide approval in minutes.

You will receive the cash which you require on the very same day. What's more, we offer some of the most attractive interest rates and the most affordable repayment schedule.

You have 6 months to repay the loan. We offer the perfect solution for cash emergencies.

Summary of Services

  • Short-term Loan
  • Instant Cash Loans 
  • Payday Loans 
  • Fast Money 
  • Personal Loans 
  • Cash Loans

COBOL Quick Loans Review - Do They Offer What You Want?

The fast credit products available in South Africa are quite a lot. This makes it really difficult to make the right choice. That is why it pays off to compare the various popular options. This COBOL quick loans review will provide a detailed evaluation of these products in order to help you find out how favourable they are.

COBOL is a registered credit provider based in Cape Town, but serving South Africans from all over the country. The micro lender has a loan application system which operates entirely online. There is no need for using telephone or fax.

You can expect to receive a speedy professional service.

The COBOL quick loans are processed at a considerable speed. After you submit the short online application, which takes just a few minutes to fill out, the lender will email you their offer. If you accept it, you have to confirm this. After you have made a confirmation, the lender will transfer the granted amount of money to your bank account.

Use the cash within 24 hours after applying.

In rare cases, the waiting period is 48 hours.

You can borrow loans up to R3000 in increments of 500 when you use the COBOL loans. The loan amounts are sufficient for covering emergency expenses such as those for basic home repair or for a new refrigerator.

The repayment term is 6 months.

It is neither too short nor too long. It will give you sufficient time for repaying what you owe. You may not be able to negotiate a shorter term, but you have to check with the lender whether early repayment without penalty fees will be possible.

The interest rates and fees charged on these loans are comparable to what competitors charge for their products. You have to go through the offer presented to you very carefully in order to decide whether the loan will be affordable to you. Another thing to keep in mind is that this lender does not have precise credit requirements. You may be able to qualify for a loan if you are blacklisted, but you can expect it to cost more.

This review's verdict is that the COBOL loans are quite fast and easy to obtain.

 Contact Details

702 Boland Bank Building, 18 Lower Burg Street, Cape Town, Western Cape, 8001, South Africa
Ph: 021 421 8811
Fx: 086 668 7572
Em: [email protected]

 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 –