BFS Loans in South Africa | Warning!!! Read this Before Applying

Bfs loans is now called Barko loans, it is a leading microfinance institution in South Africa that provide loans to individuals, salary earners or small scale business owners on a short term basics with a repayment tenor of 30 days.

BFS loan

BFS which simply means Barko financial services was founded in the year 1996. The group offers an ethical and innovative credit solutions to formally employed and undeserved employees. Since it's inception in 1996, BFS has grown rapidly through innovative system amendment in handling of information and collection systems resulting in a faster and more secure experience for it's user's.

According to BFS official website it says " it has come to our attention that fraudulent people are currently making use of our name being Barko Financial Service to provide credit over the internet. Please note that we will NEVER request electronic documentation from you nor require that you pay a fee prior to obtaining credit. This is a scam!

Under no circumstances must you provide personal information to the above mentioned individuals nor make payments into any bank account provided by them. Please email BFS internal investigation JC Oliver on 0825881077 if you are a victim of the above or if you have any information that can lead to the arrest of these fraudulent people".

Table of Contents
  • How BFS Works
  • BFS Loan Requirements
  • How to get a loan from barko
  • Barko loan repayment channel
  • BFS loan customer care service number
  • Head Office
  • Conclusion

How BFS Loans Works in South Africa

BFS loan works in the following ways:
  1. Walk into any BFS head office/branch near you.
  2. Request for a BFS loan application form.
  3. Fill in your personal details/information.
  4. Apply for loans.
  5. Receive your loans.

BFS(Barko) Loan Requirements

Before accessing for a loan on BFS, please provide these following requirements:
  • Recent 3 months bank statement of account.
  • You need to be permanently employed for at least 6 months.
  • Proof of residential address.
  • Recent payslip.
  • Original ID Book/Passport.
Note: The only important factor here is Affordability which will be determined by your monthly budget.

How to get a loan from BFS

BFS does not own online facilities, so to get a loan, follow these steps:
  1. Walk into any BFS head office/branch near you or you can make use of BFS branch locator for the address and contact details of the branch near you.
  2. Request for a BFS loan application form.
  3. Fill out the form.
  4. Provide your personal details such as your name, email, bank account number, bvn etc.
  5. Based on your personal details, you will know your loan limits.
  6. Apply for loans based on your loan limits.
  7. Receive your loans within 5 minutes.
  8. Repay on time to avoid facing any penalty.

Barko(BFS) Loan Repayment Channel

BFS loan

BFS loan repayment term is 30 days and Barko make use of automatic debit system that quickly deducts your loan balance only on it's due date(s). So you don't have to worry about how to repay your BFS loans for as long as your account is fully funded.

BFS Loan Customer Care Service Number

For support, queries or for more information, please call BFS on 0807773777 or Whatsapp at 0728806751
You can quickly get in touch with BFS by sending a mail at,

BFS Head Office

Barko Financial Services LTD.
59 Burger Street,
Lydenburg, 1120.

BFS loan is a South African leading microfinance loan institution that offers loans to employed or unemployed individuals in the country. Please you can make use of BFS branch locator to locate any of it's branch nearest to you.

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