Image 1

Overdraft Information


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:

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.