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OverDraft Information

Trustfund offers overdraft facilities to our customers for effective business growth and recapitalization. However, there are basic conditions to qualify a customer for an overdraft facility these are:
::: Customer must have operated a current account for a minimum of 2 months
::: The account must have recorded a high turnover on transactions
::: The monthly turnover must exceed the overdraft amount by at least 200%
::: Customer must present a minimum of 2 guarantors
::: Each guarantor’s net worth must be 5 times in excess of the overdraft amount
::: Customer might be expected to present collateral, which vary from company shares, landed property etc. This is dependent on the overdraft amount and terms of repayment.

 

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