Guaranty Trust Bank Loans – Available options and the conditions to get them

By /

Guaranty Trust Bank is one of the leading banks in Nigeria that provides financial services to its customers. It is known for offering loan facilities to customers at competitive conditions and interest rates. In this article, we will discuss in detail the Guranty Bank loan, including its types and the conditions to apply for them.

Types of Guaranty Trust Bank Loans

Guaranty Trust Bank offers various loan options to its customers. These can be broadly divided into Personal  and Business loans.These loan options have different requirements, interest rates and repayment periods.

Personal Loans

Guaranty Trust Bank offers a variety of loan options for her customers who need financial assistance for personal expenses. Detailed below are some of the personal loan options available to you if you are a Guranty Trust Bank customer:

Salary Advance

  • 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 For GT Salary Advance
You can apply through any of the three options below:
  • Simply login to Internet Banking
  • Dial *737*8*2# to apply
  • Visit any GTBank branch or ATM near you

School Fees Advance

  • 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 Arvance

Quick Credit

Quick Credit is another personal loan opportunity open to salary earners who are Guranty Trust Bank customers. As a salary earner, you can get the cash you need instantly, and pay back in up to 12 months. Quick Credit gives you funds up to N5million at an interest rate of 2.0% monthly.

Benefits Of Quick Credit

  • 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 2.0% per month

How To Apply For 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)

Max Plus Advance

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. Terms and Conditions apply.

Benefits Of Max Plus

  • Get loan of between N6 Million and N50 Million.
  • Tenor of up to 60 months. Monthly repayment cannot exceed 50% of net monthly salary.
  • Equal monthly repayment comprising principal & Interest.
  • No collateral required.

Things You Need To Apply Apply For Max Plus.

Computer Acquisition Scheme

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

Benefits Of Computer Acquisition Scheme

  • Corps members get the mobile device with a flexible repayment plan
  • It allows Corp members more information, knowledge and acquisition of skills.

Requirements To Apply For The Loan

  • Completed Application Form
  • Employer Undertaking Form
  • Domiciliation of NYSC allowance with the Bank
  • All applications to be completed during the NYSC orientation activities.

GT Mortgage Loan

GTMortgage offers credit facilities to customers whose salaries or business proceeds are domiciled with the Bank to enable them own a home in selected cities within the country.

Documentations Required to Apply For GT Mortgage Loan

  • 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

Premium Advance

Premium Advamce is another loan options of Guranty Trust Bank that is always there, when you need funds the most. Premium Advance is a revolving overdraft facility placed on your Debit Naira MasterCard.

Benefits Of Premium Advance

  • 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 To Qualify 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.

Travel Advance

Travel Advance is a time loan designed to meet the travel needs of Guaranty Trust Bank customers whose salary accounts are domiciled with the Bank.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top