How to Borrow Money from GTBank

Read my post on how to borrow money from GTbank.

GTBank Plc is a leading African Bank that offers Online/Internet Banking, Retail Banking, investment banking, and Corporate banking.

GTBank offers its customers a wide range of loan packages that would suit both their personal and business needs.

This article will discuss how to borrow money from GTBank and the types of GTBank loan packages.

Types of GTBank Loan Packages and How to Borrow Money from GTBank 

Read my post on GTbank quick credit 

The following are the types of GTBank loans package: they include;

1) GTBank Quick Credit Loan

GTBank quick credit is a loan accessible to non-salary and salary account holders. Quick credit allows customers to get instant loans up to 5 million naira at an interest rate of 1.66% monthly and pay back in up to 12 months.

How to apply for a quick credit loan 

• Dial *737*51*51# to request an instant quick credit loan.
• Quick credit is also available in any GTBank app and internet banking.

2) GTBank Salary Advance

GTBank salary advance offers up to 50% of net monthly salary in advance. This offer is only available to private companies and government agencies employees with an active salary account with GTBank.

It has a tenor of 30 days and is renewable monthly. However, to be eligible for this offer, you need a minimum salary of N 50,000 for private-sector employees and N 25,000 for the public sector.

How to apply for GTBank salary advance 

• Visit any GTBank branch to apply
• Dial *737*8*2# on your number registered with GTBank
• Login on your internet banking and mobile app.

3) GTBank School Fees Advance

GTBank school fees advance is a loan offer available to member/staff of a reputable private company or the public with an active salary account with GTBank, which provides the opportunity to pay school fees for your child. However, the school or institution must be located in Nigeria.

This loan package offers up to 5 million school fees advance with a maximum tenor of 4 months per request.

How to apply

• Visit any GTBank branch nearby.
• Fill and submit the application form and employer undertaking form.
• Provide school fee bills and credit insurance.
• Ensure that staff terminal benefit is domiciled in GTBank.

4) GTBank Max Advance loan

GTBank max advance is a personal loan package designed for member/staff of the select private company and government organization whose has active salary account with GTBank.

In this package, eligible customers can apply for a loan ranging from N100,000 to N10,000,000. Repayable in 3 – 48 months with equal monthly repayment comprising interest and principal.

5) GTBank Max Plus

Max plus is a package designed to provide personal loans to the staff of the corporate organization and public employees. Eligible customers can get a loan of between N6 million and 50 million.

It has a tenor of up to 60 months with equal monthly repayment comprising principal & interest and cannot exceed 50% of net monthly salary.

6) Computer Acquisition Scheme

This package is designed to provide loans to corps members currently serving whose allowance accounts are domiciled in GTBank. It offers up to N 60,000, and repayment must be completed within the service year.

How to apply

• Fill out and submit the application form.
• Submit an employer undertaking form.
• Domiciliation of NYSC allowance with GTBank.
• All applications should be done during the NYSC orientation camp.

7) GTBank Mortgage

GTMortgage offers loans to customers whose salary accounts are domiciled with GTBank to help them own their homes in Nigeria.

With GTMortgage, you can get up to N150 million with the tenor between 1- 20 yrs. Repayment can either be annual, semi-annual, or quarterly, but the interest will be serviced monthly.

How to apply

• Fill out and submit the application form.
• Submit the Title Document of Property.
• Submit an offer letter to sell property from the vendor.
• Submit the valuation report from any of the bank’s approved estate valuers.
• Get a search report from GTBank Legal Group.

8) GTBank Premium Advance

Premium advance is a revolving overdraft capacity placed on your debit MasterCard. To be eligible for this offer, you must have an active salary account, and your average monthly salary must not be less than N1 million in the last 6 months.

You can get up to N1 million overdraft with a 1-year tenor, which has a 2% flat fee on N1 million upon first utilization.

How to apply

• Submit completed Application.
• Submit the employee undertaking form.

9) GTBank Travel Advance

A travel advance is a personal loan designed to meet the customer’s travel needs whose salary accounts are domiciled with GTBank. This loan is available to purchase your airline ticket, hotel reservation, and tours.

Read my post on GTbank salary advance loan

With GTbank travel advance, you can get up to N 3 million with a tenor of 12 months.

How to apply

• Log in to your Internet Banking.
• Click on travel advance under-investment and quick loan section.
• Select travel advance and start a new request.
• Fill in your required details.
• Authorize your request by adding your passcode and clicking submit.

FAQs

What is the code to borrow funds from GTBank?

Dial *737*51*51# to request for GTBank quick credit loan.

Can GTB borrow student money?

Yes, GTBank school fees advance is one of the types of loans GTBank offers. It is designed to help pay student school fees in Nigeria.

What is the code GTB salary advance?

Dial *737*8*2# on your registered number with GTBank to request for GTBank salary advance.

What is the code to liquidate a GTBank loan?

Dial *737*51*55# to liquidate your loan.

Conclusion: How to Borrow Money from GTBank

GTBank offers some of the best loans service and features to benefit its customers. I hope you got a lot of useful information from this article on how to borrow money from GTBank.