Rating based on 52 reviews


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

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COBOL Loans homepage
Author COBOL Loans. Screenshot of COBOL Loans website.
[Accessed December 9, 2022]

About COBOL Loans

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

COBOL has been trusted by South Africans to deliver key financial services since 2006. Based in Cape Town, they offer financial assistance to all South Africans via their dedicated online service.

They adhere fully to the National Credit Act regulations, which means that they consider your affordability and won’t lend you more than you can afford.

Quick loans – 100% online

Details on loan amounts and types are available on their website along with the loan application. You can select from several loan amounts depending on your needs and requirements.

Taking the stress out of the equation

When applying for a quick loan it can be time-consuming, daunting and even frustrating – but with COBOL you can be assured that this isn't the case.

This lender strives to work through your loan application with you and the assessment takes minutes. Cash is transferred instantly upon approval. COBOL also offer a 6-month repayment term.

COBOL Loans Services

COBOL is one of the most straightforward online loan providers that you'll find in South Africa and it's really easy to access their services.

All you have to do is to fill out the short online application and submit it. You don't need to scan or fax any documents. Borrow only the amount that you need as fees and interest can become costly. 

Getting your finances back on track

Their quick loan can help you get back on track as far as finances are concerned and give you time to work to get your budget back under control. Take advantage of COBOL's quick loan and repair your vehicle or pay for an unexpected medical bill.

Enjoy approval in minutes

You could have the funds you require, paid into your bank account on the same day that you apply.

What’s more, COBOL offers some of the most attractive interest rates and the most affordable repayment terms on the market.

You have 6 months to repay your loan. COBOL's solutions are perfect for financial emergencies.

COBOL Loans – Quick loan

  • Loan Type Quick loans
  • Interest Rate 124212% p/a
  • Loan Amount up to R5,000
  • Repayment 30 days to 6 months
  • Decision 10 minutes

Benefits of COBOL Loans

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

Quick loan calculator

The interest rate of a loan will vary based on your credit score and risk profile.
This quick loan calculator is for illustration purposes only.
The use of this loan calculator is subject to our terms of use.

COBOL offers quick cash solutions across South Africa

There are many quick loan options available to South Africans. 

This makes it really difficult to make the right choice. That's why it pays off to compare the various options. With COBOL's quick loans you’ll find all the information you need to easily compare and scrutinize your options.

Finding the right option for you

With an abundance of products on offer, there most certainly will be one that suits your requirements!

As one of the most trusted providers of direct online loans, COBOL has an application system that operates 100% online. There's no need for scanning or faxing and you don’t even need to visit a branch.

You can expect to receive a speedy, professional service

COBOL's quick loans are processed at an impressive speed. After you submit the short online loan application, which takes just a few minutes to fill out, they'll email you their offer.

After you have accepted the offer, they'll transfer the granted amount to your bank account on the same day.

Quick loans up to R3,000

You can borrow up to R3,000 in increments of 500 with COBOL. The quick loan is ideal for covering emergency expenses such as those for basic home repairs, a new refrigerator, or an emergency medical bill.

Their 6-month repayment term is neither too short nor too long. It'll give you sufficient time for repaying what you owe. You may not be able to secure a shorter term, but you can 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.

Ready to proceed? 

You have to go through the offer presented to you very carefully in order to decide whether the loan will be affordable for you. Another thing to keep in mind is that COBOL does not have specific credit requirements.

This means that you may be able to qualify for a loan if you are blacklisted, but you can expect it to cost more.

COBOL's quick loans are safe and secure and you can be confident that only the very best security is used to protect your privacy. 

man holding thumbs up

COBOL Loans is a trusted & reliable provider of quick loans

In our review, COBOL Loans 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 Loans is a registered credit provider in South Africa: NCRCP7055

Customer Reviews & Testimonials

April 2019

COBOL has always been able to give me affordable credit plans. This is the reason why they are my preferred loan supplier.

Louisa E
— Margate —

May 2019

Applying for the COBOL loan was fast, easy and convenient.

Mandisa M
— Cape Town —

June 2019

COBOL has the fastest turnaround time on credit requests! Within a day, you already know if your loan was approved or not.

Jason K
— Westonaria —

COBOL Loans Contact

Contact Number



Physical Address

  • 702 Boland Bank Building, 18 Lower Burg Street 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 08:00 – 13:00
  • Sunday – Closed