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How to get a loan from Guaranty Trust Bank (GTB)

Guaranty Trust Bank (GTBank) details and all you need to know

Guaranty Trust Bank Plc (GTBank) is popularly known as a financial institution with a wide range of market-leading financial products and services tailored to accommodate various classes of individuals and organizations. GTBank is a multinational financial institution headquartered in Lagos, Nigeria, and with subsidiaries in Cote D’Ivoire, Gambia, Ghana, Liberia, Kenya, Rwanda, Tanzania, Uganda, Sierra Leone, and the United Kingdom.

GTBank is one of the topmost financial institutions in Nigeria promoting enterprises and providing support for small businesses. In striving to be a platform for enriching lives, GTBank has various loan schemes designed to help its customers(both individuals and businesses) power their progress.

In this article, we will be exploring the loans and how to apply for them.

GTBank Salary advance

With a salary advance loan, you can get up to 50% of your net monthly salary upfront. This loan scheme is available to staff of private companies and government agencies with active salary accounts domiciled in GTBank.

Benefits of salary advance

How to apply for a GTBank salary advance

You can apply via any of these three mediums:

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 GTBank.

Benefits of school fees advance

How to apply for GTBank school fees advance

Note: you can download the forms on the GTBank website or go to the nearest GTBank branch.

Quick Credit

With GTbank Quick Credit, salary earners or self-employed can get the cash they need instantly, and pay it back over 6 – 12 months. With Quick Credit, you can get funds up to N5million at an interest rate of 1.33% monthly, with no hidden charges. To confirm if you are eligible for Quick Credit, dial *737*51*51#.

Benefits of Quick Credit loan

How to apply for GTBank Quick Credit

There are two ways to apply:

MaxPlus

If you are looking for a larger loan facility and greater flexibility to meet your financial needs with a convenient repayment plan, this is exactly what MaxPlus offers. MaxPlus is available to platinum customers whose salary accounts are domiciled with GTBank.

Benefits of MaxPlus

How to apply for MaxPlus

Submit Completed MaxPlus Application Form and Employer Undertaking Form.

Note: you can download the forms on the GTBank website or go to the nearest GTBank branch.

GTMortgage

GTMortgage is a loan scheme designed to enable Gtbank customers to own a home in selected cities within the country. It’s only for customers whose salaries or business proceeds are domiciled with the Bank.

Benefits of GTMortgage

How to apply for GTMortgage

You need the following documents to apply for GTMortgage:

You can go to the nearest GTBank branch location to apply for GTMortgage.

GTBank Travel Advance

If you’re looking for a loan to meet your travel needs(Airline ticket; hotel reservation; airport pickup and transfer; and tours and events), then, Travel Advance is suitable for you. To qualify for this loan, your salary account must be domiciled with GTBank. Also, you must have received your salary(must be in Naira) through GTBank in the last 3 months from the same employer.

Benefits of Travel Advance

How to apply for GTBank Travel Advance

MaxAdvance

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

Benefits of MaxAdvance

How to apply for MaxAdvance

You can complete your MaxAdvance loan application at any GTBank branch location near you with the following documents:

GTBank computer acquisition scheme

Computer acquisition scheme offers a facility (time loan) to currently serving Corps members whose allowance accounts are domiciled with GTBank to finance the acquisition of mobile devices to be paid during the service year.

Benefits of computer acquisition scheme

How to apply for a GTBank computer acquisition scheme

You can complete your application during NYSC orientation activities. The required documents include:

GTBank Premium Advance

Premium advance is a revolving overdraft facility placed on your Debit Naira MasterCard for when you need funds the most. The requirements for eligibility are:

Benefits of premium advance

How to apply for GTBank premium advance

Simply submit the completed premium advance application form and Employee Undertaking form to the nearest GTBank branch location.

GTBank vehicle insurance premium financing

Vehicle Insurance Premium financing is a time loan that enables corporate organizations(with access to GAPs) and salary owners (whose accounts are domiciled with GTBank) to pay for their motor insurance premium upfront and spread the repayment over a 12 months period.

Benefits of vehicle insurance premium financing

How to apply for vehicle insurance premium financing

You can either apply for the Vehicle Insurance Premium Financing on Internet Banking or on GAPS. To apply via internet banking, simply click on Sign On Menu, Insurance Loans, and then Vehicle Insurance.

To apply via GAPs/GAPs Lite, simply go through; Sign On — Single Transactions—– Collections —– Insurance Loans—– Vehicle Insurance Leadway.

GTBank QuickCredit for Small Business

This is a time loan product aimed at financing the working capital (i.e funds needed for day to day needs) of SMEs in the Education (creche, primary & secondary schools) and Healthcare (Hospitals, Retail Pharmacies and Diagnostic Centres). You will need to open a corporate account with GTBank and operate it for 12 months before applying for the credit facility

Benefits of QuickCredit for small business

How to Apply for GTBank QuickCredit for small business

Simply select Loans and click on QuickCredit for Small Business on GAPs/GAPsLite platform and follow the prompts.

Conclusion

GTbank has one of the lowest bank loan interest and flexible repayment plans, therefore, take your time to understand each scheme and choose the best for your needs.

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