Financial Product

Trustco Bank Namibia (LTD)
TBN_logo_FLI-01

Trustco Bank Namibia Ltd provides financing to SMEs via its branch network in Namibia, mostly offering commercial loans.

Repayment period:

  • Maximum: 60 months (Individuals) / 120 months (Non Individuals)
  • Minimum: No Minimum Repayment Period

Client approval:

  • Cashflow requirements
  • Collateral requirements
  • Credit references
  • Credit approval
  • Interest capitalization dependent on payment frequency

Insurance Requirements:

  • Life Insurance (Yambu Life) and/or/own Credit Life
Beneficiaries
  • Micros
  • Startups
  • With legal entity
Type of financing

Debt (Loans)

Target Area
  • Equipment/Infrastructure
  • Growth/Expansion
  • Innovation/Research
Location
  • Khomas
  • Ohangwena
  • Omusati
  • Oshana
  • Oshikoto
  • Otjozondjupa
Keywords

Debt, Loans, Start-ups, Micros, Group submissions.

Eligibility

Business should be specializing in production, manufacturing, services, trade, tourism and agriculture.

Volume
Application procedure
  • Completed loan application form. Business Plan/Feasibility Study.
  • Cash flow projections at least 1 year (monthly figures) supported by actual figures (if any).
  • Business Proposal/Profile and Financial Accounts: for existing business;
  • Annual Financial Statements for the past three (3) years or for period for which business has been in operation if less than 3 years.
  • Up-to-date Management accounts if   latest Annual Financial Statements are older than (3) months.
  • Business registration documents (founding statements + amendments if any or memorandum of Articles of Association).
  • Certificates of Good Standing (Receiver of Revenue & Social Security Commission).
  • ID documents or valid passports of the shareholders/members/partners.
  • Marriage certificates of shareholders / members / partners (where applicable).
  • Business bank statements for the past 6 months (where applicable).
  • Proprietor/Members/Shareholders personal bank account statements for the past 6 months.

 

For more information contact:

WINDHOEK

Mr. Thomas Slabbert

Head: Banking & Finance: Windhoek

Email: ThomasS@tbn.na

+264 61 430 1000

 

Ida Muulu

Branch Manager: Ausspannplatz

Email: IDaM@tbn.na

+264 61 434 8113

 

NORTH

Leonard Nefundu

Branch Manager: Oshakati

Email: LeonardN@tbn.na

+264 61 434 8310

CLICK HERE FOR THE TRUSTCO BANK WEBSITE!