Cobol – online loan South Africa
Online loans up to R5.000
Amount
R1K – R5K
Interest from
3.00%
Term
1 – 6 months
Approval
15 minutes
⚠️
Cobol no longer appears to be operating in South Africa. The website does not respond and we recommend comparing alternative NCR-registered lenders below.
Screenshot of https://cobol.co.za/
How to apply for Cobol loan
- Qualify
- Apply
- Get paid
Quick overview
- Amount, R1.000 - R5.000
- Term, 1 - 6 months
- Age: 18 - 65 years
Loan example
| Amount | Fee | Total payment | Term |
|---|---|---|---|
| R3.000 | R1.189.78 | R4.189.78 | 6 months |
Loan example
Loan amount R3.000, repayment term 6 months, monthly repayment 696.07, total repayment R4 189.78, initiation fee R416.1, monthly fee R68.4, interest 3%, APR 124%.
Loan requirements
- ✓ The borrower’s age should be in the range of 18 to 65 years
- ✓ Users must pass a credit check
- ✓ Requires a current email address
- ✓ Provision of current phone number and Debit card
- ✓ Recent pay slips and Proof of address
Loan features
- Online loans up to R5.000
- Term 1 - 6 months
- Same-day cash
Frequently asked questions
15 minutes after submitting your application.
The minimum amount at Cobol is R1,000.