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Product Guide: Cobol

Quick Personal Loan Overview

  • Minimum Loan Amount: R250
  • Maximum Loan Amount: R3,000
  • Minimum Length of the Loan: 1 Month
  • Maximum Length of the Loan: 6 Months

Simple, stress-free loans up to R3000 with Cobol

Easy online application

  • Approval in minutes
  • Same-day cash
  • 6 months to pay

Trusted by 1000’s

  • South Africans have been trusting Cobol for financial assistance since 2006.

Safe and Secure

  • Rest assured, only top-notch security is good enough for Cobol customers.

How it Works with Cobol

Do I qualify?

  • South African citizen
  • Permanently employed

Apply Online

  • Easy online application form
  • Accept the provided quote

Get paid

  • Cobol deposits the loan amount into your bank account

Personal Loan Overview

The Cobol streamlined application process is simple and you will know within minutes whether or not you qualify for a loan. Once your details have been submitted, their consultants will verify the information and an offer will be sent to you over email. Should you accept the offer, via email, the money will be deposited into your account on the same day – ensuring a completely hassle free process.

In a bid to keep things affordable, Cobol aims to keep fees and interest rates as competitive as possible and also offer you up to six months to repay the loan amount.

It is essential that you consider your budget before applying for credit, and make sure you select an offer that fits your affordability.

Short Term Loan Overview

When it comes to short-term loans, Cobol has fast and effective solutions to offer you.

With loans of up to R3000 available, over terms of up to 6 months, you can get the cash when you need it and don’t have to worry about a large monthly debit order. To find out what loans you qualify for, you can simply complete the quick application process online now. Once you have filled in all of the relevant details, Cobol will verify your information and email their loan offer to you.

You can reply to accept the offer and they will deposit the cash directly into your bank account – on the same day! Your repayments will be collected on a monthly basis via debit order until the loan is paid in full. To qualify for any of Cobol’s short term loan offers, you will need to be a South African citizen with permanent employment – earning at least R3000 per month.

Be Smart with Cobol Advice

Getting into debt is easier than getting out of it. Please take a moment to assess your situation.

Fees and interest can make credit expensive, especially if you borrow more than you can afford. Cobol loans are best when used to pay for an unexpected expense like a medical bill or car repairs. It can help you get back on the road and gives you time to work the expense into your budget.

If you are over-indebted, consider applying for debt counselling. You can find a registered debt counsellor near you here:

If in doubt, seek advice before making any decisions.


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Fincheck is a financial comparisons website that organises information to assist the borrower in making their best financial decision.

Fincheck gathers information from numerous banking partners and presents it to the borrower in a simple, understandable way. Lenders benefit from an additional market place and extensive customer reach. Loan amounts vary from lender to lender. Fees, interest rates, loan amounts and credit scores influence the repayment terms. Lenders require personal details to control their risk and assist the government to combat theft, money laundering, terrorism. Fincheck does not endorse any particular product or company. We are an independent company. The information shown and provided is an opinion, based on numbers and must not be seen as advice or consultation.