Rating based on 42 reviews


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

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Author Cobol. Screenshot of Cobol website.
[Accessed December 8, 2022]

About Cobol

Cobol is always looking to assist customers who need quick loans because they know how hard it can be when unexpected expenses sneak up on you. 

The amount is up to you

It's essential to have a clear idea about the amount you would like to loan. Once you know the amount, it'll make your cash loan easier to obtain because you can then focus on checking your affordability. 

Getting a short-term loan is one of the easiest ways to deal with a cash emergency. It's often simpler to apply for a loan online because it reduces the time taken off work and is even quicker to process.

Cobol has been in the industry for a number of years. To date, they've never failed their clients and consistently deliver. 

How to get a Cobol loan

In order to qualify for a loan from Cobol, you need to be a South African citizen or permanent resident. After completing the online application, the money will be deposited into your bank account if your application is successful.

Cobol Services

The charges and interests are calculated according to the loan amount you've applied for. 

Cobol keeps its charges to a minimum to ensure maximum affordability. 

The last thing any lender wants is to see that their clients aren’t able to pay other financial obligations because of their new loan.

This is the reason why Cobol urges customers to ensure that they have calculated everything in accordance with their budget.

If you find that you may struggle to repay your debts, maybe you need to rethink getting a loan.

Affordability assessment

While everyone wants to get approved, not everyone has the affordability required. If you have too much on your plate, Cobol will be unable to provide you with a new loan. 

While there will always be situations that require urgent cash to resolve, getting into heavy debt will cause long-term problems that you simply don't need. 

Outstanding short-term loans from Cobol

With Cobol you can access a quick loan of up to R8,000 and repayment periods of 1, 3, and 6 months. Al Cobol loans have a minimum APR of 104% and a maximum of 212%.

This means that on a loan of R4,500 with a repayment term of 6 months you can expect to pay a monthly instalment of R1,033. Thus, your loan will cost a total of R6,198.

Cobol – Short-term loan

  • Loan Type Short-term loans
  • Interest Rate 124212% p/a
  • Loan Amount up to R5,000
  • Repayment 7 days to 6 months
  • Decision 10 minutes

Benefits of Cobol

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

Short-term loan calculator

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

Cobol offer quick, affordable short-term loans online

Once your loan application has been given the green light, you can then decide how you'd like to settle the credit.

Normally, clients prefer paying it off in smaller monthly installments because it's usually easier and less costly this way. Another option you might take an interest in is combining all your debts and consolidate them into one monthly installment.

Debt consolidation loans with Cobol

The advantage of a consolidation loan – all your debts are combined into one credit plan. Although the interest may be slightly higher, it'll be for one loan that's easier to manage. Sound great? Inquire more about this option and explore it if you're keen.

Don’t be afraid to approach Cobol when you need extra money. This lender is always willing to help you no matter the severity of your problem. They're a lender that understands that everybody needs a little financial boost from time to time.

Choose the amount and the money is yours

After you've decided on the amount you want, the money will be made available within a day. Getting a short-term loan from Cobol has never been easier.

At the end of the day, they know that you want to use the money right away so they'll ensure that you get cash quickly to attend to your affairs.

How do I qualify?

As long as you're above the age of 18 years, work, and have a valid bank account, your loan could be available in a matter of hours. Complete Cobol's online application and see whether you meet their criteria.

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Cobol is a trusted & reliable provider of short-term 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

May 2019

I recently had a financial emergency and applied for a short-term loan from Cobol. Applying was so easy and since it was online, it was also very convenient because I could do it on my laptop.

Arno U
— Pretoria —

May 2019

They were very transparent and clear.

Lungile M
— Nelspruit —

June 2019

Their response time is very quick, which is just what you need if you are trying to get a short-term loan when needing cash quickly.

Adelaide M
— 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