Rating based on 23 reviews


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

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Cobol homepage
Author Cobol. Screenshot of Cobol website.
[Accessed January 23, 2023]

About Cobol

Cobol is a short-term loan provider that has been faithfully serving South Africans for over 10 years.

With years of experience under their belts - they serve clients faster and more professionally than any other lender - whether online or operating from a storefront.

Responsible lending

As a registered lender, they are committed to ensuring that they lend responsibly - even though their loan sums are small - they will always ensure that customers meet their affordability checks before approving them for a quick loan. This means that you have to be permanently employed and earn a stable income.

Cobol Services

Payday loans are very small - at Cobol, they offer loan amounts that range from R1 000 to R3 000.

These are loan amounts that can assist any South African to get through a cash emergency that has suddenly popped up. Buy appliances, fix a broken-down car or pay the dentist with a Cobol loan.

An online lender that gets you sorted fast

Part of the reason that Cobol is so popular and efficient is that they offer loans 100% online. This means that customers can apply for a loan online from the comfort of their own homes at any time of the day or night and - they'll get back to you fast and credit your loan immediately after approval.

Cobol – Quick loan

  • Loan Type Quick loans
  • Interest Rate 124212% p/a
  • Loan Amount up to R5,000
  • Repayment 30 days to 6 months
  • Decision 60 minutes

Benefits of Cobol

  • Easy online applications
  • Same day loans up to R5 000
  • 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 is so popular and efficient and they offer loans 100% online

If you need a quick micro-loan - visit Cobol's website and start your online loan application now!

Their loans are ideal for cash flow shortages and financial emergencies. Their application process was designed with you in mind because they know how frustrating it can be trying to get a loan. Therefore with them, they've made everything as simple as it can be, eliminating any unnecessary complications.

Requirements to get a loan

Although they do not require you to have a perfect credit history to apply for a loan - they do require you to be in full-time, permanent employment and to be a South African citizen with a valid ID and proof of address which can be demonstrated by an official utility bill.

Applying with a bad credit history

They offer bad credit loans and loans for blacklisted people too - so no matter what your circumstances may be, they can help you access credit quickly and easily. Their APR is capped at 212% - so even with a bad credit history, you will not pay more interest than this.

Repay your loan comfortably

With terms starting from 1 month and going up to a maximum of 6 months, you can repay your loan over a timeframe that is most manageable for you. This is just one of the ways they accommodate their customers and their needs because they want your lending experience with them to be one that always leaves you happy and satisfied.

People who care

When someone comes to them for financial assistance, they like to do everything that they can to help. They have a strong culture of being a loan provider that really cares for their customers because their goal is to see every South African get the financial help when they need in order to achieve whatever they want to achieve. So when life throws you an emergency and you need cash quickly, they're the people to talk to. They'll give you a quick loan in just minutes and the money will be deposited into your account the same day! This is why thousands of South Africans put their trust in them every single day. Why don't you start doing the same?

man holding thumbs up

Cobol is a trusted & reliable provider of quick 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

November 2018

The next time I need a quick loan I know who to go to. The service was incredibly fast and not at all complicated. Thank you, Cobol!

Molope E
— Cape Town —

February 2019

My sister recommended Cobol to me after she received her fast loan and I'm very happy that she did. Everything was sorted within a day! That's remarkable!

Mrs du Toit
— Kimberley —

Cobol 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