Cobol Loans are designed to help you when you need cash the most. Life could come to stand still when you are looking for some extra cash and at Cobol they provide simple and stress free loans to make sure life goes on.
Their loans are best when used to pay for unexpected expenses such as medical expenses or car repairs. Minor unexpected expenses are what is recommended to apply Cobol loans for, however, you may still apply for other expenses.
How you use the loan once it has been approved is entirely up to you.
You can apply for an amount of up to R8 000 with repayment terms of up to 6 months.
When you apply for Cobol loans you can expect superior service and a seamless application process. Their aim is to provide loans in a fast and efficient manner so that you have cash in your hand when you need it most.
They offer an effective solution when you apply for a loan, which aims to get your application processed in the shortest possible time.
Cobol has been in operation since 2006 and has given financial assistance to thousands of South Africans.
In addition, their loans are unsecured which means you don’t have to provide any assets as surety to get a loan.
At Cobol they encourage you as the borrower to be smart and not borrow more that you can afford.
Application for Cobol Loans is done online in a easy and simple process to follow.
Online application gives you the convenience of being able to apply from the comfort of your home of office.
Once you complete the application for Cobol loans their consultants will verify the details you would have supplied.
If everything is in order they will then email you an offer which you are required to sign if you accept the deal.
After you accept the deal and send it back to them they will then deposit loan amount into your account. As simple as that!
Annual Percentage Rate (Interest Rates and Associated Fees) Representative example:
Loan Amount: R3 000
Repayment Term: 6 months
Interest Rate: 3%
Initiation Fee: R416.10
Monthly Fee: R68.40
Monthly Repayment: R696.07
Total Repayment: R4 189.78
Requirements To Apply For Cobol Loans
- You must be 18 years or older
- Must be a South African citizen
- You must be permanently employed
- Applicants must earn a monthly salary of at least R3 000 per month
- 3 months bank statements
Cobol Loans Contact Details
Telephone: 021 421 8811
Fax: 086 668 7572
8am – 5pm, Monday to Friday
8am – 1pm, Saturdays