FREQUENTLY ASKED QUESTIONS
Get enlightened on recent questions people ask.
TRINITY FINANCIAL FAQS
At Trinity, it is MORE for LESS.
HOW LONG WILL IT TAKE TO GET MY PERSONAL LOAN DISBURSED?
Answer:
usually takes 48-72hrs after complete documentations has been approved.
HOW DO I GET NOTIFIED WHEN THE LOAN HAS BEEN DISBURSED TO ME?
Answer:
You will be notified via SMS or be contacted by your Account Officer.
MODE OF REPAYMENT
HOW SOON AM I EXPECTED TO PAYBACK MY LOAN?
Answer:
Loan repayment is subject to the approved terms on the offer
WHAT ARE MY REPAYMENT OPTIONS?
Answer:
Cheque presentation or activation of direct mandate on your account or Bank transfer.
WHO IS ELIGIBLE TO ACCESS ADVANCE FOR SCHOOL FEES?
Answer:
- Open to salary income earners
- Business Owners
WHAT ARE THE REQUIREMENTS TO ACCESS TFSL ADVANCE FOR SCHOOL FEES?
Answer:
- Completed Application Form (Can be downloaded from our site).
- Admission Letter.
- Tuition Advice.
- Completed guarantor’s form
- Post-dated cheques of applicants & Guarantor
- Copy of Employment ID and valid means of identification.
- BVN details
- 6 months Bank Statement
- 6months pay slips
WHO IS ELIGIBLE TO ACCESS PAYDAY LOAN AND ITS FEATURES?
Answer:
- Open to salary income earners
- Loan amount up to N1 Million
- Up to 30 days cycle
WHAT ARE THE REQUIREMENTS TO ACCESS PAYDAY LOAN?
Answer:
- Completed application form
- Copy of employment ID
- BVN details
- Post-dated cheques
- 6 months Bank Statement
- 6 months’ pay slips
WHO IS ELIGIBLE TO ACCESS TFSL VEHICLE FINANCE AND ITS FEATURES?
Answer:
- Open to salaried income persons, SMEs and Corporates
- Equity contribution of 20% of invoice value.
- Up to 48 months tenor
WHAT ARE THE REQUIREMENTS TO ACCESS TFSL VEHICLE FINANCE?
Answer:
- Completed Vehicle Lease Application Form
- Pro forma invoice from any of the Company’s approved vendors
- BVN details
- Letter of introduction
- 6 months Bank Statement
- 6 months’ pay slips
WHAT ARE THE REQUIREMENTS TO ACCESS TFSL OFFICE EQUIPMENT LOANS?
Answer:
- Application letter.
- Duly completed Loan Application Form.
- Proforma Invoice from Trinity Financial Service Limited’s approved vendors.
- Company Profile.
- Current utility bill.
- 3 years Audited Account.
- Six (6) Months Bank Statement
WHO IS ELIGIBLE TO ACCESS TFSL OFFICE EQUIPMENT LOAN AND ITS FEATURES?
Answer:
- Minimum loan amount of N100 000.00.
- Maximum loan amount of N20,000,000.00
- Maximum tenor of 18 months
- Minimum Equity of 30%.
- Asset financed is strictly for office use.
- Asset must be purchased from a Trinity Financial Service Limited’s approved vendor
ADDITIONAL REQUIREMENTS SMEs AND CORPORATES
Answer:
- Company profile
- Personal Guarantee of a Director of the company supported by notarized statement of net worth
- Board resolution (applicable to corporates only)
WHAT ARE MY REPAYMENT OPTIONS?
Answer:
Cheque presentation or activation of direct mandate on your account or Bank transfer.
WHO IS ELIGIBLE TO ACCESS TFSL HOME LOANS AND ITS FEATURES?
Answer:
- Available to salary earners and business entrepreneurs
- Loans amount up to N100 Million
- Available for properties in Lagos, Abuja, and Port Harcourt
- Minimum of 30% equity contribution
- Asset protection & Credit life insurance
WHAT ARE THE REQUIREMENTS TO ACCESS TFSL HOME LOANS?
Answer:
- Completed Mortgage Application Form
- Employee Status Inquiry/Employer’s Confirmation Form
- Letter of offer from the property seller
- Title document of the property
- Valuation report from any of Trinity Financial Service Limited’s approved estate value
- Search report
WHO IS ELIGIBLE TO ACCESS RECEIVABLES DISCOUNTING/INVOICE DISCOUNTING/DEBT FACTORING AND ITS FEATURES?
Answer:
- Open to individuals, SME’s and other corporate Institutions
- Confirmed invoices by Trinity Financial Service Limited
- 75% of invoice value to be discounted
- Tenor of up to 6 months
WHAT ARE THE REQUIREMENTS TO ACCESS RECEIVABLE DISCOUNTING/INVOICE DISCOUNTING/DEBT FACTORING?
Answer:
- Application letter
- uly completed loan application form
- Company profile
- 3 years Audited account.
- 6 months bank statements
DOES TRINITY FINANCIAL CARRY OUT CREDIT CHECKS?
Answer:
Yes, your application is subject to a credit check before approval.
WHAT HAPPENS TO MY REMAINING CHEQUES WITH YOU ONCE I HAVE FINISHED PAYING ON MY LOAN?
Answer:
Cheques on all loans that have been paid can be picked up from our head office after liquidation.
FEES AND PENALTY
WHAT IS THE PENALTY FOR DEFAULTING ON A LOAN?
Answer:
Penal charge is applied to your account and accrues on a daily basis until it is settled.
WHAT IS YOUR INTEREST RATE?
Answer:
Our interest rate is a flat rate charged monthly and varies on transactions.
I DONT UNDERSTAND HOW I AM BEING CHARGED, WHO CAN I TALK TO?
Answer:
Please call our customer service number +234 8094533684 for further information.