BFS Loans

With branches all over the country, Barcko Financial Services (BFS) Loans are easily accessible for South Africans when they need urgent cash.

They offer payday loans with a low interest rate to individuals seeking quick financial aid. The loan is payable within 30 days or your next salary date.

So if you were looking for quick cash to boost you through the month, BFS Loans is worth considering.

Always compare loan rates before taking the first loan that comes before you, to ensure you get the cheapest loan possible.

Let’s get started.

At a glance

1 month(s)

How to Qualify for BFS Loans?

BFS offers unsecured personal loans, the most popular type of loan in South Africa.

And the only way to qualify for the loan is with a clear and good credit score and affordability. Those are the most important factors BFS will consider in granting you the loan.

Understandably, you may be in desperate need of cash however lenders in South Africa adhere to certain regulations that protect your consumer rights.

For example, they cannot offer you a loan that’s going to be heavy on you to pay back. You’ll only qualify for the BFS loan which you can afford, and wouldn’t be a burden on your financial life.

Get your free credit report from credit bureaus to understand your ratings and where you might need to improve to qualify for higher loan amounts.

Also try to understand how the interest rate is calculated, with all the other fees on your personal loan, and see if you’d qualify to borrow the amount you want.

BFS Loan Requirements

To apply for any kind of credit in South Africa, lenders require certain documents for verification.

  • 18 years and older with valid SA ID
  • Permanently employed (payslips)
  • Proof of residential address
  • Latest banking statements

BFS will then assess your loan application with the above information versus the amount you wish to get.

Necessary credit checks will be conducted, just to get a clear understanding of your history with loans.

Calculate Repayment

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How to Apply for the Loan

There are a couple of ways you can apply for the BFS loan, i.e. at the branch, via telephone, or using the online application form.

Visit any of the BFS branches near you with the above-mentioned documents and apply for the loan. A consultant will assist with the application submission and processing.

The second option is to call 080 777 3777 and speak to a consultant. Tell them you want to apply for a personal loan and they’ll give you instructions on what to do next. They’ll share an email address which to send the documents to support your loan application.

Lastly, visit and complete the contact form with a detailed message that you want to apply for the loan. A consultant will contact you back to assist with the application.

Barko Operating Hours

It depends on the branch near you however all branches operate from 8 am to 5 pm on weekdays and Saturdays. Most branches are closed on Sunday.

Find a BFS branch near you, grab their contact details and check if their operating hours.

Alternatively, contact head office and they’ll assist with any product information you may need.

Could you Qualify if Blacklisted?

While the term blacklisted is wildly misused in the country, it refers to different stages of your credit life.

For example, when you don’t have any credit or a low credit score, some may consider you blacklisted.

You can qualify for the BFS loans even if you have a low credit score. The company will carefully assess your application using multiple factors and determine if you’ll qualify or not.

However, if you were blacklisted due to non-payment of existing loans, then, unfortunately, BFS will not assist you with the loan. You would have proven irresponsible with your loan repayments and cannot be trusted.

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