GTBank is a bank that specializes in loans for businesses. They offer a wide range of loan products, including short-term, long-term, and business loans.
GTBank also provides other financial services, such as banking and insurance.GTBank loans are available in various currencies, and the loan terms are typically short-term or long-term. – Finance Guide
Guaranty Trust Holding Company PLC, also known as GTCO PLC, is a multinational financial services group that offers retail and investment banking, pension management, asset management, and payments services, headquartered in Victoria Island, Lagos, Nigeria.
GTCO Plc was created in July 2021 following the corporate reorganization of Guaranty Trust Bank PLC into a Holding Company – Wikipedia
If you are looking for a way to get a loan from GTBank, you have come to the right place. Here we will explain the process step by step and answer any questions you may have.
First, you will need to create an account with GTBank. Next, find the “Loan” tab on your account page and click on it. This will take you to the loan application page.
You will need to provide information about yourself, including your name, address, and daytime phone number, on this page.
You will also need to provide information about the loan you are requesting, including the amount you want to borrow, the interest rate you are willing to pay, and the term of the loan. – GTBank Loan
GTbank Loan Interest Rates
Gtbank provides numerous types of loans to its customers. There are multiple lending options, from private to commercial. Check Out UBA Loan
A personal loan from Gtbank will cost you about 1.33% per year in interest, whereas a business loan from the same lender might cost you up to 16% per year. In Nigeria, GTbank has a reputation for having excellent loan options. – GTBank Loan
GTbank Loan code
GTBank salary loans can be accessed with the loan code *737*8*2#. The USSD code for the GTbank Quick credit loan is *737*51*51#.
Types of GTBank Loan
GT Salary Advance
GTBank School Fees Advance (GTBank Student Loan)
GTB Quick Credit Loan
GTBank MaxAdvance Loan
Computer Acquisition Scheme
GTBank Premium Advance
GTBank Travel Advance
GTBank Vehicle Insurance Premium Financing
1. GT Salary Advance Loan
GT Salary Advance Loan: Get as much as half of your take-home pay each month right away. GTBank provides payroll services to corporate and public sector organizations and employees with active* GTBank salary accounts.
What’s in it for you?
Up to of 50% of net monthly salary in advance.
Tenor of 30 days. Renewable monthly.
No collateral required.
Minimum salary of N 25,000 for public sector and N 50,000 for private sector employees.
Salary advance will be made available within 24 hours.
How to Apply
Here are the steps to Apply for GTBank Salary Advance
Simply login to Internet Banking
Dial *737*8*2# to apply
Visit any GTBank branch or ATM near you
2. GTBank School Fees Advance Loan
GTBank provides a financing program called School Fees Advance, also known as GTBank Student Loan, to help you pay for your child’s or ward’s education at a school or other institution in Nigeria.
Employees of government agencies and reputable private companies whose salaries are paid by the bank are eligible to use this service.
What’s in it for you
Up to N5 Million School Fees Advance. Maximum tenor of 4 months per request.
Very Competitive interest rate. Equal monthly repayments comprising of principal and interest.
Immediate access to funds for the prompt payment of your child/wards school fees.
How to Apply
Here are the steps to Apply for School Fees Advance
Submit Completed Application Form and Employer Undertaking Form.
Provide School Fees bill and Credit Insurance.
Ensure that staff terminal benefit is domiciled in GTBank or obtain Corporate Guarantee.
3. GTB Quick Credit Loan
If you get regular income, you may borrow money quickly and pay it back for up to a year. Quick Credit offers loans of up to N5 million at an interest rate of 1.66% per month. There won’t be any unexpected fees.
What’s In it for You
Get up to 3 times your monthly salary
Convenient repayment plan of up to 12 months.
Pre-liquidation is allowed without penalty
Interest rate of 1.66% per month
How to Apply
Here are the steps to apply for GTBank Quick Credit
You can request for QuickCredit instantly by dialling *737*51*51#
QuickCredit is also available on all GTBank online and mobile banking platforms (Internet Banking, GTWorld and GTBank Mobile App)
4. GTBank MaxAdvance Loan
MaxAdvance is designed to facilitate personal loans to a staff of select corporate and government organizations whose staff salary accounts reside with them.
N100,000 to N10,000,000
3 – 48 Months
Equal monthly repayment comprising principal & Interest. Monthly repayment shall not exceed 33.3% of net monthly
Salary Domiciliation, Credit Insurance, Domiciliation of staff terminal benefit or Corporate Guarantee
An all purpose loan for you to meet your financial needs with a convenient repayment plan.
Those already serving in the Corps whose allowance accounts are housed with the Bank are eligible to apply for a facility (time loan) through the Computer Acquisition Scheme to help pay for the purchase of mobile devices.
Maximum loan amount is N60,000
3 – 10 months
Equal monthly installment of principal and interest over the tenor of the facility and shall not exceed 33.3% of Corps member’s monthly allowance
Corps member’s allowance must be domiciled with the Bank
Corps members get the mobile device with a flexible repayment plan
It allows Corp members more information, knowledge and acquisition of skills
What you’ll need?
Completed Application Form
Employer Undertaking Form
Domiciliation of NYSC allowance with the Bank
All applications to be completed during the NYSC orientation activities
7. GTBank Mortgage Loan
GTMortgage offers credit facilities to customers whose salaries or business proceeds are domiciled with the Bank to enable them to own a home in selected cities within the country.
Completed Application Form
Title Document of Property
Offer Letter to Sell property from vendor
Valuation report from any of the Banks approved estate valuer
Search report from GTBank Legal Group
8. GTBank Premium Advance Loan
Premium Advance is a rolling overdraft facility attached to your Debit Naira MasterCard, so the funds are available whenever you need them.
What’s in it for you?
Up to N1 Million overdraft with a 1 year Tenor (subject to clean-up every 30 days).
Very Competitive interest rate. 2% flat fee on N1million upon first utilization.
Overdraft accessible via Naira Debit MasterCard (for ATM withdrawals, POS purchase and web payments)
Monthly repayment of interest with bullet payment of principal at end of cycle.
For Platinum customers only.
Average monthly salary should not be less than N1million in the last six months.
Annual turnover should not be less than N10million.
You should have received your salary through your GTBank Account in the last three months consecutively.
Please ensure that you do not have any past due obligation with GTBank or other banks.
Those who have their business or salary accounts at a certain bank may qualify for a time loan called vehicle insurance premium financing, which may be used to pay for a year’s worth of auto insurance premiums all at once.
A time loan that enable individuals and corporate part-finance insurance premiums.
1. Who is eligible to apply for an insurance loan?
Small medium businesses (SME)
2. What is the minimum loan amount?
3. What is the maximum loan amount?
N1million for individuals and N5million for SME’s and Corporates.
4. What is the maximum tenor?
5. What charges are applicable to the customer?
1% Management Fee
6. What interest rate would I be paying if I apply for Insurance Loan?
1.67% per month (20% per annum)
7. How can I access the Insurance Loan?
GAPS or GAPs Lite
8. Is there a minimum and maximum age for eligibility for individuals?
Minimum age is 18 and a maximum of 60 years.
9. How long does it take to apply for Insurance Loan?
Facility will be disbursed immediately upon successful application.
10. Am I required to provide a portion of the insurance premium
Yes, a minimum of 20% is required before loan disbursement
How to Repay a GTBank Loan
When you get a loan from GTbank, you authorize the bank to take the required payment out of your account each month’s due date. That being the case, you can sit back and relax.
A monthly payment will be automatically deducted from your GTBank account on the due date.
GTbank will still take the amount out of your account on the due date, even if there is no money to cover it. Your credit report will also display a default.
GTBank Loan Calculator
If you need assistance figuring out your monthly loan payment, you can use the GTBank loan calculator, a handy web software. The monthly payment for a loan will be established by the interest rate and type of loan taken out.
You can use the loan calculator by feeding in the pertinent details about your loan (Amount, interest rate, period of repayment).
The calculator will then assist you in determining your monthly payment, overall payment, and interest payment.
A loan calculator can be a beneficial resource. You’ll be able to choose the most acceptable loan option after having more information. – GTBank Loan
GTBank Loan is an excellent option for those looking for a loan. The loan process is simple and easy to understand. The loan amount is also very reasonable. However, there are a few things that you should keep in mind before you apply for a loan.
Make sure that you read the terms and conditions carefully. Also, make sure that you understand the loan process completely.