A loan facility that allows individuals and corporate current account holders to draw above their bank balance to ease their cashflow needs.
Benefits
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Grow your working capital
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Pay in manageable instalments
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Pay overdraft in a year
Requirements
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Borrower must have a Finance Trust current account with a high turnover
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Must have a legal business that has been in existence for at least 6 months or in formal employment
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Registration to CRB is mandatory
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Sufficient collateral for the loan
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1 guarantor required