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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 reasons to use a credit calculator before applying for a BFS cash loan

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.

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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. 


QuotesAdvisor is a comparison company for financial products not related to BFS Cash Loan.

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Questions and answers

What if I don't have a payslip?

It might be a little bit difficult to apply for a personal loan with Barko Financial Services if you do not have a payslip. This is so because one of the main requirements is for the client to be able to show proof of fixed monthly income. Therefore, the suggestion is to communicate with the entity to check the qualification criteria. 

How much can I pay if I take a loan for 2,000 rand?

First, in order to know how much you will be paying for a personal loan of 2,000 rand with Barko Financial Services, you will need to evaluate the repayment period. This entity offers loan to be paid in 30 days in one single instalment. Also, they will inform about the interest rate established according to your credit profile. 

I need an immediate loan.

If you need an immediate personal loan with Barko Financial Services, it is important that you check the qualifying criteria. Also, the company will carry out an assessment on your financial situation, credit profile and affordability capacity to determine whether you are eligible for a loan or not. This assessment will also determine how much you can obtain. 

How long must you be employed for to get a loan?

Barko Financial Services is a financial institution that offers personal loans. However, they do not specify it there is a minimum amount of time a person needs to be employed in order to apply for a loan. The company will carry out an affordability assessment in order to determine whether you can be eligible or not. 

I am an existing customer, can you please use my previous information to give me a loan? I'm desperate.

It is strongly suggested to communicate with Barko Financial Services to be informed about your loan options if you are an existing customer. Also, you will need to meet certain qualification criteria in order to be eligible for a loan. Usually, they will ask for payslips, a stable and fixed monthly income and a good credit history. 

Hi. I need a loan of 3,000 rand, but I don't have a payslip because I am currently unemployed, but I have a bank statement that proves I have a reliable source of income. Will I qualify?

It is more difficult to qualify for a personal loan of about 3,000 rand with BFS if you do not have a payslip because you are currently unemployed. Usually, the qualifying criteria involve presenting a copy of your South African ID, a recent payslip, and your last bank statement. If you do not have ways to comply with this, your eligibility may be affected. 

Hi, I would like to ask if the company I work for doesn't have a stamp on my payment slip, is it possible to provide my work telephone numbers so that you guys can call and confirm I'm employed there?

In this case, it is suggested to directly contact the company to inquiry about their methods of employment verification. In this way, you will have accurate information as to how to proceed in the case that you do not have a stamp on your payment slip from the company where you work. 

Can I apply for the loan if I don't have a payslip? I only have a bank statement and my ID.

According to official information, one of the requirements to be eligile for a personal loan with Barko Financial Services is to show proof of income, which is done by showing either a payslip or bank statmenet. However, it is not specified whether you can use alternative documentation beside your ID. The recommendation is to contact the lender directlty. 

Can bfs check credit score before?

Even though, there is no clear information about this possibility of checking credit score, Barko Financial Services is a private lending company that carries out an exhaustive analysis on the client's entire economic situation and affordability capacity to decide whether they are eligible for a loan. All loans are granted based on complying the application criteria. 

Hi, is it possible to send details and see if I qualify before I come to sign?

Unfortunately, you will not be able to send your personal details or apply for a personal loan with BFS in an online way, as the company does not offer the possibility to use a virtual platform to start a loan application process. Therefore, the recommendation is to gather all the necessary documentation and visit the nearest local branch. 

How much do you give for a first time borrower?

As a first time borrower with Barko Financial Services, you will be able to borrow up to 3,000 rand. You will need to present the following documentation in order to qualify for a personal loan: a South African ID, a three-month bank statement, your latest proof of income and a bank card. 

Good morning, I'm a new client of yours. Can I borrow at least R5,000?

Barko Financial Services is a private lending company that sets some limits as regards the amount of money clients can take out as a part of a personal loan. In your case, as a new customer, you will not be able to borrow 5,000 rand; this is so because new clients are only allowed to obtain up to 3,000 rand to be paid in one full instalment. 

Hi, I'm a new client of yours, Can I borrow at least borrow R6,000 rand this month?

Unfortunately, it will not be possible for you to borrow 6,000 rand this month, as the private financial company Barko Financial Services is very clear about this. New customers have the possibility to apply for a personal loan up to 3,000 rand, while existing customers can apply for a loan up to 8,000 rand. 

Hi, can you apply online?

Barko Financial Services does not offer the possibility for clients to apply for a personal loan by using an online platform. Therefore, you will need to gather all the required documentation and visit the nearest local office. For sure, the customer service department will help you out with the entire application process. 

I need a one-month loan.

If you are looking for a personal loan with Barko Financial Services whose payment can be made in one full instalment (one month), then you will be able to apply for 3,000 rand as a new customer. Now, if you are an existing customer, then you will be able to borrow up to 8,000 rand.

Can I apply even though I've got two documents that are a three months bank statement and a valid ID?

In order to apply for a personal loan with the private financial company Barko Financial Services, you will need to present more than two pieces of documentation. These include a valid South African ID card, a three-month bank statement, your most recent proof of income, and finally you will have to have a bank card. 

What will happen if I fail to repay a BFS loan?

If you fail to pay a personal loan from Barko Financial Services or from any other legal lending company, you will have to deal with the consequences. You may have to pay extra late payment fees, obtain a negative credit score, be penalized; or which is worse, you will have to face legal implications. 

Can I be granted a loan if I don't have a payslip?

If you do not have a payslip, it can be a little bit more challenging to obtain a personal loan with Barko Financial Services, but not impossible. Please, make sure the financial company accepts alternative documentation, as they need to verify that you have enough money to pay back the loan. For example, you can show a letter of employment stating your monthly income and the duration of your employment.  

What if our workplace doesn't provide us with payslips?

If your workplace does not provide you with payslips, then it might be a little more difficult to apply for a personal loan with BFS. Payslips are used as a means to prove that the customer has enough money to pay back the loan. However, you can ask for alternative documentation like a bank statement and a letter of employment. 

Good morning ,I want to be sure, does your online application form require account number and pin?

Usually, Barko Financial Services will not ask the clients to provide sensitive information like an account number and pin. Please, be careful. Also, the company does not offer the possibility to apply for a personal loan in an online way. The recommendation is to visit the nearest local office in order to start your loan application process. 

Can I make loan online?

The private financial company does not offer an online platform on which you can start your loan application. However, you can leave all your contact details for the customer service department, and they will be more than happy to help you with your loan application process. Please, remember also to gather all the required documentation. 

I would like to check if I qualify for a loan.

In order to check if you are eligible for a personal loan with Barko Financial Services, it is highly important to be informed about the qualifying criteria. These include having a permanent job with a regular monthly income, showing a positive credit history, and gathering all the required documentation (a SA ID, a three-month bank statement, proof of income and a bank card).

Hi, I'm an old client of BFS. I would like to ask If I borrow a large amount of R10,000, would you allow me to pay in two months time?

First, it is important to clarify that existing customers of BFS are allowed to borrow up to 8,000 rand. Also, the repayment period can be just set for a period of 30 days, which means that the loan will have to be paid in one full instalment. However, for a larger amount of 10,000 rand to be paid in a period of two months, you can speak with the customer service department and see if you can obtain that amount of money. 

Can I apply for a second loan?

Yes, it is possible to apply for a second loan with the financial company Bayport in South Africa as long as you meet all the quialification criteria. Please, remember that the company will analyse your entire financial situation to determine if you have eenough affordability capacity to afford another loan. 

My credit score is poor, but I'm permanently employed, and I need to take out a loan with BFS. I've all the documents they need. Is it possible to get a loan even if my credit score is poor?

Barko Financial Services analyses several factors in order to give personal loans. Apart from checking on your credit score, the institution will take into account your income as a permanent employee, your affordability capacity and your entire financial situation. Having a poor credit score may make the approval process a little bit more difficult, but this does not mean you will not be able to obtain a loan. BFS needs to make sure you have enough money for the repayment plan.

I want to know if I qualify for a loan of 6,000 rand.

If you wish to know about the possibility to obtain a personal loan of 6,000 rand with Barko Financial Services, you will need to comply with the qualifying criteria. You need to be over 18 years old, be a South African citizen, have a permanent employment and provide proof of regular income. 

I need 5,000 rand, so how much will be the interest?

In order to know how much the interest rate will be for a personal loan of about 5,000 rand with Barko Financial Services, you will need to contact the bank directly. This is so because the bank will analyse your personal financial situation and all the documentation together with your credit score to determine a convenient interest rate.

Can I apply for a loan more than twice in a month?

Sadly, you will not be able to apply for a personal loan more than twice in a month with Barko Financial Services. Usually, the general recommendation is that you pay your existing loan completely before asking for a new one. The company needs to make sure you have enough affordability capacity. 

Where is your office in Mthatha?

Barko Financial Services has several local offices around South Africa where you can start your loan application process in a quick way. In order to know where the nearest office in Mthatha is, the recommendation is to communicate with the private financial company to get the exact location closer to your home. 

Can I get a loan when I am using TymeBank account?

There are no restrictions as regards bank accounts when you wish to apply for a personal loan with Barko Financial Services, even if you have a bank account with TymeBank. Basic requirements include being over 18 years old, showing a valid ID document, and being able to show proof of steady income. 

Hi, can I apply online?

Unfortunately, you will not be able to apply for a personal loan with Barko Financial Services using an online platform, as the only way to obtain money is to visit a local branch nearby. The recommendation is to take with you all the necessary paperwork in order to apply for a loan in local office. 

I have an existing loan with BFS, can I take another small amount?

If you already have an existing loan with Barko Financial Services, then you need to cancel it completely before asking for a new one, even if it is just a small amount of money. Please, consider that your credit history should be positive and that you should have enough affordability capacity to afford the monthly fees. 

Can I get a loan if I am a client while am not present in the branch?

Unfortunately, you will not be able to obtain a personal loan with the private company Barko Financial Services if you do not visit any local office. This is so because the bank does not provide clients with the possibility to access an online platform or banking system. It is important that you also present some documentation in order to borrow money. 

Why you don't give a new member more than 3000 rand?

Barko Financial Services offers new clients the possibility to apply for a personal loan up to 3,000 rand. Consider that the company needs to make sure you are a reliable customer. Once you become an existing client with a positive credit profile, you will be able to apply for more, which means you can access to a maximum amount of 8,000 rand. 

Hello. I am asking if I don't have payslip, would you lend me money?

Barko Financial Services offers a very convenient personal loan. However, in order to apply, clients need to meet some requirements. For example, you need to be permanently employed and be able to show proof of this, which can be done by presenting your payslips. If you need money, and you do not have a payslip, then you can resort to Pawn Loans. 

Can I do a top-up on an existing loan?

Unfortunately, there is no chance you can obtain a top-up loan with Barko Financial Services, as the company does not offer this benefit. However, you can apply for more than one personal loan at the same time, depending on your affordability capacity and your financial situation. It is also important to have a positive credit history. 

I need a cash loan. I am earning R20,000 before deductions. Likewise, I work for Statistics SA Nelspruit. I need a sum of R5,000. Thanks

If you wish to obtain a loan with Barko Financial Services, you need to comply with all the requirements. If you are regularly earning 20,000 rand per month, and you are looking for a personal loan of 5,000 rand, consider, for example, that an interest rate will be applied according to your financial situation. Then, repayments are done in one full instalment. 

Is it possible to get another loan, if you missed a month without paying because of work?

Usually, it is important to pay all the instalments of the loan with Barko Financial Services before asking for another one. This company does not offer the possibility to increase an existing personal loan. However, you can apply for more than one personal loan, providing that you have a positive credit history. 

Can I apply online?

Unfortunately, you will not be able to apply for a personal loan with Barko Financial Services in an online way. There is a form available for customers to fill in with their personal information, which will be used by the company's advisors to get in touch with you. They will help you continue with the application process. 

I do not work, but I have money that I get every month. Do I qualify for a BFS loan?

Sadly, you will not be able to qualify for a personal loan with Barko Financial Services if you are not currently working. Getting money every month in the bank does not ensure that you will be able to pay the loan back. BFS requires customers to be formally employed and to show evidence of this employment. 

Good afternoon, do you give loans to self-employed with a source of income?

Unfortunately, Barko Financial Services does not provide monetary help to self-employed people, as this entity only offers personal loans to customers who are formally employed. It is required to present evidence of this employment. You will need to look for another company like African Bank, which can lend you up to 20,000 rand. 

I am a self-employed individual earning 5,000 rand monthly, do I qualify for a short term loan?

As a self-employed person earning a salary of 5,000 rand, you will not be able to qualify for a short term loan with Barko Financial Services. This is so because, to borrow money from the entity, it is crucial to be permanently employed. However, you may try to obtain money with another bank like African Bank or FNB. 

If maybe I miss to pay, what happens in the following month?

Barko Financial Services may charge a punitory fee for not being able to pay a loan. Therefore, the recommendation is to choose a type of loan which you feel you will be able to pay on time. However, it is unlikely that the company charges extra costs for missing paying one monthly instalment. 

Does BFS help self-employed people?

Barko Financial Services does no offer personal loans to self-employed people. This is so because one of the main criteria to start a loan application with the entity is to be formally employed and show evidence of this employment. For this reason, you will be asked to provide proof of income with your payslips. 

I owed BFS since 2016, so do I qualify to borrow money again?

If you owed some money to Barko Financial Services since 2016, you will qualify for a personal short term as long as you have a positive credit score and financial behaviour. The company will analyse all this information to determine if you are eligible for another loan. The recommendation is to communicate with the assessors as, for sure, they will assist you with the application. 

Can l bring a bank statement because l don't have payslips?

Unfortunately, if you do not comply with bringing a payslip, you will not be able to borrow money. In other words, in order to qualify for a personal short term loan with Barko Financial Services, you need to meet some requirements. It is crucial to submit your latest payslip and a bank statement that reflects a three-month consecutive salary deposit. 

How long after you took a loan and repaid it, will you be able to make a new loan with BFS?

Barko Financial Services does not specify this information. However, the company offers personal short term loans to be repaid in a period of 30 days approximately. If you already cancelled your existing loan completely and have a positive financial behaviour, then the recommendation is to visit a local branch and provide all your information to see if you can qualify for another one. Also, you can communicate with an assessor over the phone for more details. 

Hey, I just want to ask, when your loan is 2,900 rand, how much interest is applied on that money?

There are several factors that influence the interest rate applied in your personal loan of 2,900 rand with Barko Financial Services. The company offers one of the most convenient and lowest interest rates of the entire market in South Africa. This will also depend on your credit score and your financial situation. Please, get in touch with an advisor if you need further information. 

Hey, can I apply for BFS loan online?

Barko Financial Services does not offer the possibility to apply for a personal loan virtually. However, there is an online form available for potential clients to fill in with their contact information so as an assessor can provide further help like indicating the closest local branch. If you visit an office, you can get to know how much you qualify for. 

How to get quotes?

If you are interested in borrowing money from Barko Financial Services, you can obtain a loan up to 3,000 rand if you are a new customer or 8,000 rand if you are an existing client. To obtain a quote, you can fill in an online form with your contact details and an assessor will communicate with you straight away to provide you with the necessary information. 

Do you at BFS offer a short term loan to blacklisted people?

Of course, they do. Barko Financial Services can assist people whose credit score may be affected. There is an online form you can fill in, and an advisor will help you out. You will get advice on how to proceed with the loan application. Generally, you will need to visit a local branch and hand in the necessary documentation. 

I have been a BFS client from 2019, and I have remained positive and still employed up to date. So I need to ask if there are any chances they can lend me an amount of R 1,000 only because I am now earning less than 3,000 rand.

If you have been a client with Barko Financial Services from 2019, and you have a positive credit score, you can still apply for a personal loan. You will be subjected to an analysis carried out by the company and, according to your income and your affordability capacity, BFS will decide how much you will qualify for. In this case, you will know if you can obtain 1,000 rand or not. 

Do I not qualify if I am a self-employed?

Unfortunately, you do not qualify for a personal loan with Barko Financial Services if you are self-employed. One of the main requirements to be able to obtain money from the company is to be formally employed and to present proof of income. This is done by handing in copies of your most recent payslip given by your employer. 

I'm interested in your loans, however, I once became a client and stopped. At the moment, I'm not even near the BFS branch, can I still be assisted online? Thank you.

Certainly, you can. The only issue is that Barko Financial Services does not offer an online loan application. You can still fill in an online form with all your inquires and a well-trained advisor will get in touch with you immediately. However, if you need money, you will still need to visit a local branch. 

I have a loan with you guys, I would like a top-up.

If you already have a loan with Barko Financial Services and you need more money, you can apply for a second loan instead of a top-up because this option is not available. Please, remember that the company offers short term loans to be repaid in a period of thirty-five days. The application process is quite simple, and it should be done in your closest local office. 

How to apply online for Barko loans?

There is no way to apply for a personal loan with Barko Financial Services, as the company does not offer this service. However, you can fill in an online form and an advisor will get in touch with you immediately to guide you further in the application process. You should visit your nearest local office to obtain a loan. 

I don't know my passport number, and I'm away from home, and need money quickly, I have three months bank statements. I am going to get cash.

If you need money in a quick way, you can apply for a personal loan with Barko Financial Services. You should visit the nearest local office and start the application process. Unfortunately, in order to do so, you will be asked to hand in a South African ID number or valid passport, three month bank statement, proof of income and a bank card. 

So you do not give money up to R30,000.

There are some criteria as regards the amount of money you can obtain with Barko Financial Services. In other words, the company offers short term loans to be repaid in a period of thirty-five days. The amount of money you can access will depend on your monthly income and your credit history. This may be the reason why you are not given 30,000 rand. 

Top up loan.

Currently, Barko Financial Services is not offering top-up loans to its clients, but there is the possibility to apply for more than one personal loan at the same time. Please, consider that the company provides short term loans to be repaid in a period of thirty-five days. You can visit your nearest local office to find out more information. 

I want to have 500 rand more, please?

If you need extra 500 rand, you can apply for another personal loan with Barko Financial Services. Please, remember that the company offers short-term loans to be paid in a period of thirty-five days. As a client, you will be subjected to a credit check and the company will determine how much you qualify for. It is fundamental that you have enough money to pay the loan back. 

If I have an error, can Bfs lend me money?

With Barko Financial Services, you will be able to obtain a personal loan within minutes, so you can find a solution to your problem. Please, visit your nearest local office and an advisor will help you out with the entire process. Bear in mind that the company will carry out a credit check on you and will tell you how much you qualify for. It is crucial to comply with all the necessary documentation. 

How will I apply online to check if I qualify?

If you wish to apply for a personal loan with Barko Financial Services, you can do it in a simple way. There is an online form for you to fill in with all your contact details. A well-trained advisor will get in touch with you to continue with the process. Sadly, you will not be able to apply for a loan online, but the advisor can help you with finding the nearest local office. In this way, you will know how much you qualify for. 

Do you work on Sunday?

Barko Financial Services have branches in different areas in South Africa. It is important to know that most of the offices work from 8pm to 5pm from Mondays to Fridays and even Saturdays. However, each branch will determine their working schedule, and usually, they do not operate on Sundays. Please, check with your nearest office if they have a different working timetable. 

How much is the interest rate?

The interest rate that offers Barko Financial Services if you wish to obtain a personal loan is one of the most convenient rates in the entire market. Also, it will depend on your financial behaviour and your economic situation. To determine the interest rate, the company will carry out an analysis on your credit record. 

What if I don't have a payslip, but I do have a proof of income. Is my bank statement proof of income?

Among the basic requirements imposed by Barko Financial Services, clients must present three bank statements and proof of income. This proof of income consists of your latest payslip, as the company requires the applicants to be permanently employed with at least 6 months of work experience in the same company.

If I borrow 800 rand on Bfs will it be a one-off payment or in 3 months?

If you are granted a short personal loan of about 800 rand with Barko Financial Services, the repayment period is only made in one full instalment. According to the documentation you hand over and based on its analysis, the financial company will determine how much money you can qualify for. 

What if I don't have payslip, but I get paid every month.

Unfortunately, you will not be able to obtain a loan with Barko Financial Services if you do not provide your latest payslip. One of the main requirements to be able to request a personal loan with the company is to demonstrate your earnings in a legal way. Also, you wioll need to show your latest bank statement.

I was a Bfs client before, but now I have a new job, and I only started 3 months ago. Can I get a loan at BFS now, since I am not a six-month employed?

If you were a client of Barko Financial Services and you have a new job, you can only apply for a personal loan providing you meet some requirements. It is essential to hand over some documentation: your latest three bank statements, your personal identity card and your last payslip. The amount you can borrow will depend on your monthly salary. 

Can BFS help me with a loan if I already have another loan from a different lender?

In general, to be able to apply for a loan, Barko Financial Services carries out a credit review on each potential client to determine whether they are capable of affording payments.The usual recommendation is to cancel the existing loan completely before requesting another one with the company as having a loan means a great responsibility. 

I'm in a bfs loan but 1 week left from 4 weeks. Can I go take another loan?

With Barko Financial Solutions, you can apply for short term loans which can be repaid over a period of thirty five days. If you already have a personal loan, you can apply for another one only if you show you have enough income to pay back the money completely. Please, remember the company will check on your economic condition before granting any type of loan. 

What is needed to check if I do qualify for a loan

To know if you qualify for a loan with Barko Financial Services, you will be asked to show some main documents, for example, your last three bank statements, your ID and your last payslip. Also, you need to make sure your credit history is favourable as the company will check on it to determine if you do not owe any debts.

I wanted to know that I can call them while I need cash urgent while I'm away, because they have once told me that I use the branch I have started on it,and now I need money fast and I'm not at Mpumalanga.

For further information about Barko Financial Services, there is a toll free number you can call. Besides, you can visit any branch near your current location as the company has many offices all over the country. If you need a short term loan, there is also the posibility to fill out an online form with your query which will be answered immediately.

Does bfs give loans to a a person who does have 3 months payslips and bank statement but has no credit score or credit background.

Barko Financial Services lends short terms loans which can be paid in a period of thirty five days. The amount of money you can borrow depends on your earnings and affordability capability. As main requirements, the company will ask you for three key documents: last three bank statements, your ID and your last payslip. Also, your credit history will be analysed to determine if you have any debts. If your credit score is positive, you are more likely to get a loan. 

Good day, will it be possible to apply for a loan R20000? I work at military defense force (doorpoort).

You should be able to ask for a loan at BFS since you probably have proof of income at your work at a military defense force. However, you being able to ask for a loan of R20,000 will depend on how much you earn each month and how good is your credit record.

I'm not formally employed but own a small business. I have a business company and account and would like to get a loan based on that.

If your company is registered, and you have the documentation that proves it, you should not have any issues when asking for a BFS cash loan. Please bear in mind that all credit companies need to know that you will be able to pay off the loan with no problems.

Can I borrow at least 6,000 and pay it in 3 months?

You could borrow R6,000 and pay it back in 3 months at BFS as long as you can prove that you have the means to do this. What do we mean? BFS will need to know if you have a steady job and if you receive payslips that can prove this. Also, your credit record will be evaluated.

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.

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