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:
1. | Customer must have operated a current account for a minimum of 2 months |
2. | The account must have recorded a high turnover on transactions |
3. | The monthly turnover must exceed the overdraft amount by at least 200% |
4. | Customer must present a minimum of 2 guarantors |
5. | Each guarantor’s net worth must be 5 times in excess of the overdraft amount |
6. | 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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