Unexpected expenses may happen when your finances are reduced. Its not always an option to loan cash from family or friends as they may also their very own financial challenges to manage. Sometimes approaching a new bank may not work for you. Approaching a micro-lender may seem more and more attractive in such cases. Fortunately, there are organizations like Cobol which are still living to assist clients facing such dilemmas.
The potential benefits to using micro creditors often include being able to lower your expenses time waiting in prolonged queues, not having to face intimidating face-to-face interviews in addition to easy application methods.
This registered credit service was created as a step to the growing middle-class in South Africa. Young adults individuals need further funds to help connect with monthly expenses or even to help them pay for learning costs or medical bills.
Cobol has simple, simple online application systems accompanied by flexible transaction periods for buyers.
Loans are provided from R1000 nearly R3000 and the repayment period is often a reasonable 6 months.
What what exactly is qualify?
- A valid Southern area African I.Chemical.
- Be a South African citizen
- Be permanently employed
- Earn a minimum regular monthly salary of R3000
How does it work?
You check out www.cobol.co.za along with fill in an online form.
Cobol promotes responsible loaning so they will confirm your information and do an affordability assessment to ascertain whether you will be able so that you can comfortably afford installments.
Once your application has been accepted, you will receive a confirmation email stating the total approved. To accept the loan offer you can fall back to this email. As soon as the agreement is closing, the amount you have financed will be deposited on the same day into your bank account.