General Questions

Business Field offers personal loans with just 2% monthly interest rates and a simplified repayment structure to customers.

 

Yes of cos, it depends on your wish, your application can be made online via our secure portal. Anyone can apply from anywhere so far everything can be done online

After the application has been made, you will receive a mail from us confirming receipt of your application.

Maximum of 2 years payback duration for every loan less than 2 million
Maximum of 5 years payback duration for every loan above 2 million

Business name and location
Your details
Next of kin details
Any valid I D Card
and your bank details

Can I extend my loan tenor?

After You Apply

Yes, you can extend an existing facility loan tenor through a Top-up. As an existing customer, you can access a maximum tenor of 12 months.

No. You can only access one loan at a time, but you can apply for a top up loan after three repayments on your existing loan.

A top up is returning/increasing the balances on an existing loan facility. The existing facility will be liquidated in order to process a new loan, as you cannot have two loans running simultaneously. The amount of money receivable (the difference between the New Principal and Unpaid Principal on the Existing Loan) will be communicated and disbursed into your account of choice.

Your payment will be refunded, Even though we have rare record of declined loan, all loans are being disburse within a very short time, after submitting the application form.
Besides the form and Processing fee guarantee loans approval
There’s no way you will pay without getting your loan approved into your submitted Bank details

At The Dealership

You will receive your loan almost immediately, maximum of 10 minutes after submitting your application form

Business Field Loan ranges between the minimum amount of #10,000 and the maximum amount of #5 million

You can pay back Anyhow or any amount you wish, it depend on the one that suits you most, whether monthly quarterly or yearly, you will select it on the form, the most important aspect of it is that you must pay up everything before your selected time dues.

After You Apporved

The default penalty is 1% on instalment amount for each day of default. If the default passes 30 days, more stringent measures may be applied which may include:

  • Reporting defaulter to his/her contacts
  • Reporting defaulter to Credit Bureau

Business Field is a legally registered company with LOANFIELD LTD & RC Number: 1106350

Kindly chat with our agent via our WhatsApp chat, and your question(s) will be answered