Find the best loan of South Africa

Compare the best loans of South Africa and find the lowest rate

BFS Loans - Quote Calculator - Apply Online Today

BFS is an excellent choice for those workers who need an extra hand every now and then. Here you will learn about the loans you can request at BFS, how to use a loan calculator, how to apply for an immediate loan and what are the interest rates like.

2 Reason why Using Loans Calculators will help you out when asking for a Cash Loan at BFS

Barko Financial Services is a financial company that is duly registered with the National Credit Regulator. This is important because it means that the company is legally binding and will perform all its operation in accordance. BFS will never ask you to pay any kind of fee in advance if a personal loan has not been approved. Also, you should know that Barko will not ask you to provide electronic documentation.

Now, let’s talk about loan calculators. These are tools that some companies develop to help you understand how your loan will work. How to use them? Simple. You will need to enter the amount you’d like to borrow and the term; then, the calculator will show you the approximate amount you’d have to pay in instalments.

Doing this is useful for two reasons:

  1. You get an idea of how much money you need to have every month to pay off the loan
  2. If you see you will not be able to afford that amount, you can choose to ask for less money

Unfortunately, BFS does not provide a loan calculator. However, there are dozens of online calculators you can make use of before requesting your loan at BFS.

What do I Need to Submit an Application for a BFS Loan?

BFS is present all over the country. So, no matter where you live, you will be able to ask for a loan at Barko Financial Services.  There are almost two hundred BFS branches in South Africa. The importance of this lies in the fact that BFS does not provide online applications. If you wish to request a loan at this company, you will have to contact a BFS branch online or go to their offices.

All BFS cares about in order to offer you a loan is your affordability. This is to say, the company needs to know for sure that you will be able to repay the loan you request them. For this, you will have to be permanently employed and you should have been in that position for at least six months. Also, you will need to have a bank account, since the instalments from your loan will be deducted from that account.

In order to establish your affordability, BFS may also run a credit check on you. Your credit history will be studied in order to find out if you pay your bills on time, if you have requested other loans in the past, and such. These are procedures that every serious credit company must carry out in order to safeguard its interest as well as yours.

Can I make Enquiries to BFS Loans Online?

You might have some questions that you would like to ask BFS before applying for a loan. This is perfect; you should always have your doubts solved before entering into commitments of this kind.

Find the best loan of South Africa

Leave your comment about Lime24

Tell us your experience.

Please write constructive criticism to help other people choose better. Any inappropriate comments will not be published.
...

Comments about
Lime24

(73 comments / 4.1 stars of 5)

See more

BFS welcomes their clients to reach them out, so they make available different options for you to contact them. One of these options is filling out an online form where you will have to enter your e-mail address and the question you want to make. Alternatively, you can call them on their toll-free telephone number, or you can also e-mail them. Either way you choose, your questions will be well-received.

We also offer you, at the end of this page, a form for you to leave your questions, should you have one. Also, if you want to make a comment on the company or the product, you can do it on the comment section below. Your opinion will be highly valuable to our readers, so we encourage telling us what you think about BFS.

How is the Interest Rate Calculated on BFS Loans?

Like all loans in the credit market, BFS loans have interest rates. This company offers very convenient interest rates in order to fulfil their commitment with the working class of the country. BFS strives for achieving their mission of allowing every South African to access credit.

However, not everybody will be offered the same percentage of interest rate. Why? This is simply because this rate is calculated on the basis of our personal information. Elements such as our salary, our credit history and so on will be assessed by credit institutions in order to evaluate what interest rate they can give us.

Can I take Long Term Loans at BFS?

Barko Financial Services only provide short-term loans that will have to be repaid in thirty-five days. The maximum amount you can borrow will depend on how much you earn each month, and other criteria.

Thus, you will not find long-term loans at BFS. If this is the product you are currently looking for, you will need to look for another alternative. Please, refer to our articles where you will find plenty of information regarding which are the best companies for requesting long-term loans.

However, if what you need is short-term loan, BFS can be one of the best options. As we said above, this company aims at reaching as many South Africans as possible. And, for this reason, you will only be asked to comply with certain loans requirements, which at BFS are these three documents:

  1. Latest three bank statements
  2. Your ID
  3. Last payslip

As you can see, there are no minimum amounts you need to earn. Unlike other credit institutions, BFS aims at being a possible option for every hard-working South African.

We have seen in this article that using a loan calculator is a good idea since it will help you organize yourself and determine if you will be able to afford the loan or not. Also, we devoted some time to talk about the short-term loans offered by BFS. The aim was to show you how to ask for these loans, what to do if you have questions and what documents you need to have at hand to apply for a loan at BFS. 

Leave your question

Video Loan

Map Pretoria

Questions and answers

Need 5000 loan can pay in three months is possible?

BFS is granting business loans at the moment, and the minimum repayment period you can choose from is 6 months. Depending on your credit record and the income you have every month, you might be able to ask for $5000 over the shortest repayment period of 6 months at BFS.

Need a loan of R3000 for only thirty days ¿what is the interest?

All loans offered by Barko Financial Services are to be paid in thirty days. The interest rate you will find at BFS is super convenient, since they offer one of the lowest in the market. However, the interest rate also depends on your financial situation. BFS will assess your credit history and with that in mind, they will be able to tell you the percentage.

How can i apply online for a BFS loan, if I'm a regular customer that usualy goes into the branch when applying?

You will not be able to apply for a BFS loan online since this company has not created an online platform for this matter. If you do not wish to go to one of its branches, you could try contact them over the phone. However, if you fear that BFS is closed due to the COVID-19 crises, bear in mind that lockdown has been eased and BFS is open to the public.

Does Wonga have a branch in South Africa?

No, you can contact them via email or, the phone.

Is there a BFS phone number for Brakpan?

Yes! Call the number 011-7449299.

Do I have to repay to BFS in person?

No, the installment will be debited from your bank account.

Leave your rating about BFS Loans - Quote Calculator - Apply Online Today

Find the best loan of South Africa

© 2008 - 2021 quotesAdvisor.com® All rights reserved.