Cobol Loans for Everyday People – Giving South Africans Simple Loan Solutions

Cobol Loans for Everyday People – Giving South Africans Simple Loan Solutions


Unexpected expenses may arise when your finances are depleted. It’s not always an option to borrow cash from family or friends as they may also have their own financial challenges to deal with. Sometimes approaching a bank may not suit your needs. Approaching a micro-lender may seem more and more attractive at such times.  Fortunately, there are institutions like Cobol which are in existence to assist clients facing such dilemmas.

The benefits associated with using micro lenders often include being able to spend less time waiting in lengthy queues, not having to deal with intimidating face-to-face interviews as well as easy application processes.

This registered credit provider was created as a response to the growing middle class in South Africa.  An increasing number of individuals need extra funds to help meet monthly expenses or to help them pay for education costs or medical bills.

Cobol has simple, easy online application processes accompanied by flexible repayment periods for clients.

Loans are provided from R1000 up to R3000 and the repayment period is a reasonable 6 months.

What do I need to qualify?

  • A valid South African I.D.
  • Be a South African citizen
  • Be permanently employed
  • Earn a minimum monthly salary of R3000

How does it work?

You visit and fill in an online application form.

Cobol promotes responsible lending so they will verify your information and conduct an affordability assessment to determine whether you will be able to comfortably afford repayments.

Once your application has been approved, you will receive a confirmation email stating the amount approved. To accept the loan offer you can rely to this email. Once the agreement is final, the amount you have loaned will be deposited on the same day into your bank account.

Contact Cobol here: 021 421 8811.

Categories: Loans

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