How To A Get Loan From Gtbank

How To A Get Loan From Gtbank in 2022

Gtbank Has a wide range of simple and straightforward loan offers for your Personal needs and the projects you care about. You will be looking for How To A Get Loan From Gtbank

 

What Is a Loan?

The term loan refers to a type of credit vehicle in which a sum of money is lent to another party in exchange for future repayment of the value or principal amount. In many cases, the lender also adds interest and/or finance charges to the principal value which the borrower must repay in addition to the principal balance. Loans may be for a specific, one-time amount, or they may be available as an open-ended line of credit up to a specified limit. Loans come in many different forms including secured, unsecured, commercial, and personal loans.  Investopedia

How To A Get a Loan From Gtbank?

GtBank has a Series Of Loan offers which include the following.

1. Gtbank Salary Advance

Get up to 50% of your net monthly salary upfront. Available to the staff of private companies and government agencies with active* salary accounts domiciled in GTBank.

  • Up to of 50% of net monthly salary in advance.
  • The tenor of 30 days. Renewable monthly.
  • No collateral is required.
  • Minimum salary of N 25,000 for the public sector and N 50,000 for private-sector employees.
  • Salary advance will be made available within 24 hours.

How to Apply for Salary Advance

  • Simply log in to Internet Banking
  • Dial *737*8*2# to apply
  • Visit any GTBank branch or ATM near you

2. Gtbank School Fees Advance

School Fees Advance is a loan facility designed to finance the payment of your child’s/ward’s school fees for schools/institutions in Nigeria only. This facility is available to members of staff of public and reputable private organizations whose salaries are domiciled with the Bank.

  • 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 for School Fees Advance

3. Gtbank Quick Credit

Whether you are a salary earner or self-employed, you can now get the cash you need instantly, and pay it back over 6 – 12 months. Quick Credit gives you funds up to N5million at an interest rate of 1.5% monthly.
No Hidden Charges.

What’s In it for You

  • Up to N500,000 – 5 Million
  • Convenient repayment plan spread over 6 – 12 months.
  • At an interest rate of 1.5% per month

How to Apply

  • 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)

MaxAdvance is designed to facilitate personal loans to the staff of select corporate and government organizations whose staff salary accounts reside with us.

Benefits

An all purpose loan for you to meet your financial needs with a convenient repayment plan.

Features

Facility Amount: N100,000 to N10,000,000
Tenor: 3 – 48 Months
Repayment: Equal monthly repayment comprising principal & Interest. Monthly repayment shall not exceed 33.3% of net monthly
Support/Comfort: Salary Domiciliation, Credit Insurance, Domiciliation of staff terminal benefit or Corporate Guarantee

MaxPlus offers you a larger loan facility and greater flexibility to meet your financial needs with a convenient repayment plan. Available to platinum customers whose salary accounts are domiciled with the Bank.

What’s in it for you?

  • Get loan of between N6 Million and N30 Million.
  • Tenor of up to 48 months. Monthly repayment cannot exceed 33.3% of net monthly salary.
  • Equal monthly repayment comprising principal & Interest.
  • No collateral required.

Also Read: Top Money Making Sites Online In 2022

What you’ll need?

Features

Facility Amount Maximum loan amount is N60,000
Tenor 3 – 10 months
Repayment 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
Support/Comport Corps member’s allowance must be domiciled with the Bank
Interest Rate Competitive

Benefits

  • 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

Features

Facility Amount

Category Description Minimum (N) Maximum (N)
A Low density residential locations in Abuja and Lagos 5million 150million
B Medium density residential locations in Abuja, Lagos and other state capitals 5million 50million

 

Tenor 1 – 20years (but subject to a maximum age of 55 when loan expires)
Repayment Flexible repayment options:
a. Equal monthly repayment comprising principal and interest.
b. Annual, semi-annual or quarterly principal repayment while interest will be serviced monthly.Monthly repayment shall not exceed 50% of net monthly salary.

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.

Requirements for Premium Advance

  • 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.

How to Apply for Premium Advance

Simply submit completed Application Form and Employee Undertaking Form.

Features

Facility Amount N250,000 to N3,000,000
Maximum Tenor 12 months
Interest Rate 20% per annum (subject to money market conditions)
Comfort/Security: Domiciliation of salaries and allowances

Eligibility

  • Customer must have their salary account domiciled with GTBank.
  • Customer must have received his/her salary through GTBank in the last three months from the same employer.
  • Salary must be paid in Naira (NGN).

How to Apply for Travel Advance

  • Login to Internet Banking
  • Click Travel Advance under Investments and Quick Loans
  • Select Travel Advance and initiate a New request
  • Fill the required details
  • Authorize your request by inputting the 6 digits on your token and submit

Features

  • Loan Amount: Individuals – N20,000 – N1,000,000 (Individuals) & N20,000 – N5,000,000 (Corporate)
  • Tenor: Maximum of 1 year
  • Pricing: Interest Rate is 1.67% per month
  • Repayment: Equal monthly repayment comprising principal and interest
  • Equity Contribution: 20% of total insurance premium cost
  • Fees: 1% one-off flat fee

What’s in it for you?

  • Instant availability of funds to pay for insurance premium.
  • Opportunity to pay for insurance premium on monthly basis
  • Insurance cover without physically visiting insurance office

Who Can Apply

  • Individual Customers whose salary accounts are domiciled with the Bank;
  • All SME’s and Corporates with accounts domiciled with the Bank and with access to GAPs

How To Apply

1. You can apply for the Vehicle Insurance Premium Financing on Internet Banking or on GAPS

Internet Banking

• Sign On — Menu— Insurance Loans —- Vehicle Insurance

GAPs/GAPs Lite 

• Sign On – — Single Transactions—– Collections —– Insurance Loans—– Vehicle Insurance Leadway

2. Loan is availed immediately

3. Insurance Service provider processes policy for the customer within 48 hours.

4. A copy of the insurance certificate is sent to the customer’s email address.

5. Customer repays the loan on monthly basis

Conclusion

i hope the above solutions solve your problem if you are facing any problem kindly drop your comment in the comment sections