Discover the quick and easy steps on getting a GT Bank loan here. You must have heard that GT Bank is one of the best banks in Nigeria in terms of their loan services.
Now, I am not going to tell you how GT Bank operates but I will give you all the necessary details on how to apply for and get a loan from Guaranty Trust Bank.
It is so unfortunate that a lot of business owners, entrepreneurs apply for GT Bank loan but do not get it. You know why? It is because these business owners do not know the right way to apply and get a GT Bank loan. They do not know which GT Bank loan option they are eligible for and the features and requirements for a loan from Guaranty Trust Bank.
Table of Contents
Types of GT bank loan
GT bank has different loan types you can get fast and easy access to. Check the following types of Guaranty Trust bank loan and apply for the one you are eligible for. They are:
- Salary Advance
- GT mortgage loan
- School fees Advance
- Quick credit
- Max Advance
- Max plus
- Computer Advance
- Travel Advance
Salary Advance
This GT bank loan allows you to get up to 50% of your monthly salary. It is made available for staffs with Guaranty Trust bank account
Features
- One month tenor
- No collateral
- Access up to 50% monthly income
- Loan amount is a minimum of 25, 000 for the public sector and 50, 000 for private
How to Apply
- You can apply via
Internet banking - USSD Code (*737*8*2#)
- Visit the nearest GT bank or ATM
School Fees Advance loan
School fees Advance loan has been made available for the payment of fees for schools that are within Nigeria only. It is meant for those with a GT bank account
Features
- Low amount of up to Five million naira (5, 000, 000)
- 4 months tenor
- Higher interest rate
- Minimum of Fifty million naira (50, 000) and maximum of one million naira (1, 000, 000)
How to Apply
- Fill in and submit the application form and employer’s undertaking form
- You will be required to provide school fees bill and credit insurance
GT Mortgage loan
GT mortgage loan is for customers of GT bank who wants to own a house
Features
- Tenor of 1-20 years
- Minimum of five million (5, 000, 000) and maximum of between (50-150 million naira)
How to Apply
- Fill in and submit the application form
- Title documents of property
- Offer letter to sell your property
- Valuation report from any bank
Quick Credit
Quick Credit is for both salary earners and people who are self employed
Features
- Tenor of 6 to 12 months
- Interest rate of 1.33%
- Loan amount of Five hundred thousand to five million (500, 000 to 5, 000, 000)
How to Apply
- You can apply via
Internet banking - USSD Code (*737*8*2#)
- Visit the nearest GT bank or ATM
- You can apply via
For more information on GT Bank loan, please do not hesitate to leave us a comment with your questions. Don’t forget to share this information with your friends who might need it.
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