Cobol Loans

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.

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. All 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.