COBOL Loans

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

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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. 

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