BANKING

How To Get GTBank Loan

Published

2 months ago

How To Get GTBank Loan

When it comes to meeting your financial goals or tackling unexpected expenses, securing a loan from a reputable financial institution is often a valuable solution. Whether you’re planning to venture into a new business, buy a new home, pay for your education, or you simply have need for extra cash for personal reasons, Guaranty Trust Bank provides several types of loan products tailored to meet your diverse financial needs: How To Get GTBank Loan.

In this guide, we’ll discuss the process of applying for a loan at GTBank, you’ll also learn about the eligibility criteria, types of loans available on GTBank, and the benefits and downsides of GTBank loans. GT bank has a loan solution tailored to suit your specific financial needs.

How To Get GTBank Loan

About GTBank

Guaranty Trust Bank (GTB) is a leading bank in Nigeria, known for its customer-centric approach and wide range of financial products and services. Guaranty Trust Bank has continued to grow and expand ever since it’s establishment in the year 1990 and commencement of operations in February 1991.

The bank has earned a reputation for its commitment to innovative exploits in the Nigerian banking industry, excellent customer service, and a wide range of financial products and services, designed to meet the diverse needs of its customers.

Guaranty Trust Bank is currently part of the Guaranty Trust Holding Company PLC also known as GTCO PLC. GTCO functions as a multinational financial services group, that offers retail and investment banking, pension management, asset management and payments services. GTCO is headquartered in Victoria Island, Lagos, Nigeria.

Does GTBank Give Loan

Yes, Guaranty Trust Bank makes available a wide range of different types of loan products to its customers. These loan products are designed with varying interest rates depending on the type of loan.

Types of GTBank Loans

Guaranty Trust Bank offers several types of loans to its millions of customers across Nigeria and all other countries where Guaranty Trust Bank operates.

Quick Credit: The Quick Credit loan is an instant loan made available to salary account holders, who seek the quick credit loan. Quick Credit loan provides funds up to 5 million Naira to GT Bank customers. This loan comes with no hidden charges provided you meet the eligibility requirements for getting a quick credit loan from Guaranty Trust Bank. The GT Bank quick credit loan is made available at an interest rate of 2% per annum and is repayable within 12 months.
GT Salary Advance: This loan provides applicants with up to 50% of their net monthly salary upfront before the salary is paid as loan. This loan is available to staff of private corporations and government agencies.
MaxAdvance: This loan is designed as a personal loan and is targeted at staff of select corporate and government organisations. Applicants for this loan from any of these government or reputable organisations are to have an account domiciled with guaranty trust bank.
School Fees Advance: This loan true to its name is a loan facility that is designed to help the applicants pay school fees of their ward’s in any Nigerian school. This loan facility is available to staff of public and reputable private organisations whose salary accounts are domiciled with guaranty trust bank.
MaxPlus: Maxplus loan facility provides you access to a larger amount of funds, accompanied with flexibility to sort your financial needs. The MaxPlus loan is designed with a convenient repayment plan that is tenured for up to 60 months. This loan facility is offered to platinum guaranty trust bank customers, whose salary accounts are domiciled with guaranty trust bank.
GTMortgage: This loan facility is designed for customers wanting to buy a home to enable them to own homes in select cities across Nigeria. With this loan you can buy properties in any of the select cities. You also need to have your salary account or business proceeds domiciled in a guaranty trust bank.
Computer Advance: This loan facility is designed as a computer acquisition loan scheme, this loan scheme is targeted at serving corp members who have their allowance account domiciled with guaranty trust bank. This loan is meant to help serving corp members acquire mobile devices during their service year. The computer advance loan is to be repaid during the service year.
Premium Advance: This loan facility is designed as a revolving overdraft facility placed on the applicants Debit Naira MasterCard, this means that guaranty trust bank customers with a valid Naira MasterCard have access to the premium advance loan.
Travel Advance: The Travel Advance loan is designed for holiday seekers and people who want to take time off work to get needed rest. The Travel Advance loan is purposed to meet the travel needs of guaranty trust bank customers who have their salary account domiciled with the bank.
Vehicle Insurance Premium Financing: This loan is a time based loan designed to help Guaranty Trust Bank corporate customers and salary earners. You need to have your with their salary accounts domiciled with GTBank to pay for their vehicle insurance premium upfront while spreading the remaining repayment over 12 months.

GTBank Loan Interest Rate

The interest rate on loans provided by Guaranty Trust Bank varies depending on the type of loan you are applying for and requesting from Guaranty Trust Bank. The Guaranty Trust Bank loan interest rate range from 2% to 24% or more depending on special consideration.

GTBank Loan Eligibility

The criteria for eligibility for applying for the various types of loans provided by Guaranty Trust Bank vary slightly. The eligibility criteria for the different loan types offered by GT Bank are listed below:

Quick Credit

You must have a Guaranty Trust Bank account
The customer must maintain a minimum monthly lodgement of N20,000 or earn a minimum net monthly salary of N10,000
You must not have any history of dud cheques
You are required to have satisfactory credit reports
You need to have no outstanding loan obligations
You must be 18 years old at the time of loan application and must not be older than 59 years at the loan maturity date.

GT Salary Advance

You need to be a staff of a private company or government agency
Your salary account must be domiciled in a guaranty trust bank
Your salary account needs to be active also aside from being domiciled in GT bank

MaxAdvance

You must have an account domiciled with a guaranty trust bank
This is an all-purpose loan to meet your financial goals

School Fees Advance

You must have your salary account domiciled with a guaranty trust bank
You must be a confirmed staff of your organisation and need to have worked at your organisation for at least six months
The requested loan amount must not exceed the school fee to be paid
Your salary needs to be at least ₦25,000 if you work in the public sector or ₦50,000 if you work in the private sector for you to be able to apply for the school fee advance loan

MaxPlus

You need to have your salary account domiciled with guaranty trust bank
You do not need to define the purpose of requesting or applying for a maxplus loan facility
You need to agree to the terms and conditions of this loan facility without which you cannot get the loan

GTMortgage

Your business proceeds account or salary account needs to be domiciled with guaranty trust bank
You need to have a valuation report from any of the guaranty trust bank-approved estate valuer
You need to be a confirmed staff of your organisation and must have worked with your organisation for at least one month.

Computer Advance

You need to be a serving corp member in the NYSC scheme
You need to have your allowance account domiciled with guaranty trust bank
Interested corp members need to apply for this loan during the orientation course

Premium Advance

You need to be a Platinum customer of the bank
You are required to have an average monthly salary of not less than ₦1million in the last six months.
Your account annual turnover should not be less than ₦10million.
You are required to have received your salary through your GTBank account in the last three months consecutively
You need not have any outstanding due obligations with GTBank or other banks.

Travel Advance

You must have your salary account domiciled with GTBank
You must have received your salary through GTBank in the last three months from the same employer.
Your salary must be paid in Naira (NGN)

Vehicle Insurance Premium Financing

You need to be a guaranty bank customer and have your salary account domiciled with guaranty trust bank
You need a minimum of 20% which is required before loan disbursement of the premium

GTBank Application Process

The application process for the various types of loans available at Guaranty Trust Bank differ depending on the loan type. The loan application steps for the different types of loans available at GT Bank are below:

Quick Credit

Customers can request Quick Credit instantly by dialling the USSD code *737*51*51# and then following the prompts
You can also apply for the QuickCredit loan through the bank website online and through the bank’s mobile banking platform via internet Banking and GTWorld app

GT Salary Advance

You can apply by login into your internet banking account and following the prompt for salary advance application
You can also apply by dialling *737*8*2# and then following the prompts
You can also apply by visiting any GTBank branch or ATM near you

MaxAdvance

You need to fill out the maxadvance application form on the maxadvance website for non-private organisations or private organisations depending on the organisation you work for
Fill out the employee undertaking form to make your salary account domiciled with GTBank as the loan applicant if your account is not domiciled with guaranty trust bank.

School Fees Advance

Fill and submit your completed Application Form and Employer Undertaking Form to the nearest guaranty trust Bank near you
Provide the school fees bill and credit Insurance to the bank
Make sure that your terminal benefit is domiciled in GTBank if not you can obtain a corporate guarantee.

MaxPlus

Fill out the MaxPlus Loan Application Form
Complete the employee undertaking form
Then submit both to any guaranty trust bank near you

GTMortgage

To apply for a GTMortgage loan you need to provide these documents to the bank for your loan to be approved:

Offer from vendor
Copy of the title document
Duly completed GTMortgage loan request form
Duly completed GTMortgage Employer Undertaking form
Clean Search report
Valuation report.

Computer Advance

Complete the loan application form
Fill employer undertaking form
Then submit your filled forms

Premium Advance

Complete the application form
Complete the employee undertaking form
Then submit your completed forms

Travel Advance

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

Vehicle Insurance Premium Financing

You can apply for Vehicle Insurance Premium Financing loan on Internet Banking or on GAPS

To apply through Internet Banking follow these steps:

Click on Sign On
Head to Menu
Click on Insurance Loans
Vehicle Insurance

To apply through GAPs/GAPs Lite follow these steps:

Click on Sign On
Click on single transactions
Click on collections
Click on insurance loans
Then click on vehicle insurance leadway
When you’re done submit your application and your loan will be disbursed immediately

Benefits of GTBank Loan

There are several benefits that come with requesting for a loan from Guaranty Trust Bank depending on the type of loan you’re applying for. Some of the pros of the several types of loans available at GTBank include:

Quick Credit

You can get up to 3 times your monthly salary as quick
Flexible repayment plan spread for up to 12 months
You are allowed to pre-liquidate your loan without incurring any penalty
The interest rate is very low and favourable

GT Salary Advance

You can get up to 50% of your net monthly salary in advance
The loan tenor is of 30 days, which is also renewable every month
The salary advance loan requires no collateral for the application
The eligibility minimum salary for the loan is ₦25,000 for public sector employees and ₦50,000 for private sector employees.
On request, your salary advance loan is credited to your account in less than 24 hours

MaxAdvance

Maxadvance is an all-purpose loan for all those qualified, this means that you can use this loan for whatever you have need of
The repayment plan for the maxadvance loan is very flexible and convenient

School Fees Advance

You can get up to ₦5 million in School Fees Advance, and have up to 4 months tenor per school advance request for repayment
You get the opportunity for equal monthly repayment in four installments if you want
You get your requested advance immediately after your loan is approved.

MaxPlus

No collateral is required for this loan
You can get a loan of 6 million Naira minimum and 50 million Naira maximum
The loan has a tenor of up to 60 months
Your monthly repayment is not allowed to exceed 50% of your monthly net salary
On approval of your loan, you get your requested loan facility within 48 hours of applying
You do not need to make any equity contribution for this loan facility

GTMortgage

You can get up to ₦150 million in mortgage loans in the low-density residential locations in Abuja and Lagos
The loan tenor is between 1-20 years subject to a maximum age of 55 when your loan expires, which is time enough for you to be able to repay the loan
The loan allows you very flexible repayment options, you can repay monthly comprising principal and interest or annual, semi-annual or quarterly principal repayment while you make interest payments monthly.
You cannot pay more than 50% of your net monthly salary if you are operating a monthly repayment

Computer Advance

You get funding to buy mobile devices as a corp member while undertaking your orientation course
The repayment plan for the loan is flexible

Premium Advance

You always have access to funds provided you are a platinum customer
There is no limit to how many times you to request this loan provided you are eligible

Travel Advance

With this loan, you get access to funds to sort your travel expenses when you cannot pay from your pocket
With the travel advance loan, you can get up to ₦3 million to cater for your travel and holiday spending

Vehicle Insurance Premium Financing

This loan helps you to get your vehicle insurance financed very easily
The interest rate on this loan is very low and highly affordable

Cons of GTBank Loan

Guaranty Trust Bank loan has some downsides some of which include:

The quick credit loan is only available to existing GT bank account holders with a minimum monthly earning of ₦10,000
You cannot get more than three times your salary for a quick credit loan

Conclusion

Guaranty Trust Bank is the bank to go-to when you’re in need of credit, be it quick credit, short term or long-term credit, for financing of businesses, mortgages and any other funds demanding endeavour. GTBank provides you with loans to help you achieve your dreams, provided you meet the eligibility requirements for the type of loan you apply for. Visit any GT Bank close to you today to apply for a loan that suits your financial needs. You can also apply for several of the guaranty trust bank loans online See

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How the Logistics Sector Can Improve On Payment Collection In Nigeria

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How the Logistics Sector Can Improve On Payment Collection In Nigeria

The logistics sector in Nigeria continues to gather momentum, especially in the urban centers that are densely populated with people of varying demands. This business is a critical part of the supply chain as it collects, transports, and delivers products to customers. Hence making it a lucrative venture in Nigeria.

However, the advent of technology has amplified the logistics sector as it now tends to leverage digital tools to attract customers seeking to employ the service for product delivery to different parts of the country. This has increased online presence through websites and social media platforms like Instagram, Facebook, and X (Twitter).

How the Logistics Sector Can Improve On Payment Collection In Nigeria

Notably, the logistics sector already has a synergy with other sectors like the e-commerce industry, which is primarily populated by small and medium-scale enterprises (SMEs).

Therefore, its relevance becomes germane to fostering the customer experience of any business. This is because a timely delivery of products is the hallmark of any logistic business.

However, payment structure plays a significant role in the effectiveness and efficiency of the business as this propels it to pick up products and get them delivered to people. So, product delivery will always be delayed when a firm payment agreement between an SME and the logistic business is not met. While this can affect the reputation of the SME, it can also reduce the patronage of such logistics.

In light of bolstering the operation of the logistics sector in Nigeria, it is imperative to employ payment methods that are easy and simple to use such that it does not lead to delays that hamper related businesses. Therefore, Fincra has put in place sustainable payment innovation to boost the growth of the logistics business in the country.

Notable as one of the leading fintech companies in Nigeria, Fincra is a payment gateway committed to improving the payment strategy of different sectors in Nigeria, including the logistics business.

Ways Logistics Sector Can Collect Payments On Fincra

1. Virtual Account

Logistics businesses can create a naira (NGN) virtual account on Fincra, which enables them to collect payments from clients across Nigeria. This virtual account can be temporary in the instance of a one-off transaction or a permanent one, which can be used to collect payments like the local bank account.

This Fincra virtual account allows easy reconciliation and effective payment management for businesses and logistics.

2. Payment Link

There is a Fincra payment link that logistics businesses can quickly generate to collect payments from clients. This link can be customized and shared across various messaging tools – social media platforms and text messages. It includes all the necessary information, including the account details of the logistics business for their clients to make payment via bank transfer or cards.

3. E-wallet

This is using the Fincra wallet to collect payment by the logistic business. However, it is only conditioned that the other client has a Fincra account to facilitate this transaction. This is another effective way of collecting payments because it is simple and instant.

Therefore, logistics may need to create a Fincra account and encourage their clients to create the account to enable a seamless completion of payment without delay. This will be a win-win situation for both businesses.

4. Card Payment

This involves the use of credit or debit cards to make payments. As such, there is a Fincra POS terminal that logistics businesses can employ to collect card payments from their clients. This is a mode of agency banking designed by Fincra to increase the coverage for the payment system in Nigeria.

It facilitates an in-person transaction that ensures quick completion of payments between the logistics business and its clients.

Conclusion

Nigeria’s logistics sector is a booming economy, with many entities foraying onto the landscape. But as this sector continues to become competitive to stay afloat, it is important to adopt better payment strategies that would push the business to the fore of attracting more clients.

Fincra provides different options to collect payments for logistics businesses. You can take advantage of that when you create a Fincra account now.

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How E-commerce Businesses Can Build Trust With Fincra Payment Collection Methods In Nigeria

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Christopher

How E-commerce Businesses Can Build Trust With Fincra Payment Collection Methods In Nigeria

E-commerce is a burgeoning sector in Nigeria, with small and medium-scale businesses continuously entering the market to attract teeming online users who are potential customers. This can be owed to the widespread adoption of technology, which businesses are leveraging to grow sales.

Today, there is a proliferation of e-commerce platforms or stores across Nigeria designed to meet the purchasing needs of the larger Nigerian population. This has given rise to a competitive market with businesses adopting strategies that would give them a better position of generating and retaining leads (customers) in the dynamic business landscape.

There are many strategies e-commerce businesses employ in Nigeria and worldwide – from a user-friendly online storefront that is easy to navigate to a payment system at checkout. These are some significant factors customers consider to inform their buying decisions on an e-commerce platform.

We can not overemphasize the role of payment collection in e-commerce, as customers are always keen on ensuring that a system makes their payment at checkout seamless. This reinforces customers’ trust and confidence in completing their purchases on the e-commerce platform.

But, while bank transfers, card payments, and e-wallets are currently the popular methods of collecting payments in Nigeria, e-commerce businesses can harness different payment options on Fincra.

Payment Collection Methods On Fincra For E-commerce Businesses

Fincra is a leading fintech company in Nigeria that has become a trusted and reliable payment gateway for various business niches. As such, e-commerce businesses can use the payment options on Fincra or, better still, integrate with the payment API on the platform to ease the payment process on their respective platforms.

However, you can directly collect payments from customers across Nigeria on your Fincra account. You can achieve this with payment options that include:

Virtual account: this is a virtual naira account on Fincra that enables you to collect payment through bank transfers from your customers.

Payment link: there is a Fincra Payment Link, which is customizable – enabling you to share account details with product descriptions with customers on social or messaging platforms.

Direct API: this is a fully optimized payment system that provides a class array of different options on your e-commerce platform.

Checkout: a Fincra checkout can be tailored to your e-commerce platform, supporting your customers’ devices to provide an improved experience for your customers.

By and large, all these payment collection methods on Fincra are important to the payment strategy of any e-commerce business in Nigeria. They provide your company with a positive outlook to gain trust and confidence.

Benefits Of Payment Collection On Fincra By E-commerce Businesses

1. Low Fee

The fee is relatively low when you collect payments on the Fincra. It provides one of the industry’s best pricing such that you save more for your business while using the platform. This is with the understanding that the sole aim of business is to make profits. Therefore, Fincra is committed to maximizing your gains with its low fee structure on the platform.

2. Advanced Security

Fincra employs a state-of-the-art security system to keep your funds safe when collecting payments on the platform. It complies with industry standards to keep your financial information and funds from unauthorized access. Therefore, Fincra protects you from identity theft that could lead to a possible loss of funds.

3. Multiple Payment Methods

As a reputable payment gateway in Nigeria, e-commerce businesses can collect payment via different options that best suit them on Fincra. These are naira (NGN) virtual accounts, payment links, checkout, and direct API. Therefore, these make your business more trusted as you gain more customers.

Conclusion

People continue to use e-commerce platforms to buy their preferred products in Nigeria, even as others also offer a range of services. But the integral part of e-commerce is the payment system that is the best fit for customers. That is why these businesses need to use the various options on Fincra to collect payments in Nigeria.

You can create a Fincra account now to use different payment methods for your e-commerce business.

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AAS TOKEN (AAST): The Power of Early Cryptocurrency Investment

In the dynamic landscape of finance, one phenomenon has consistently captured the attention of risk-takers and forward thinkers alike — the world of cryptocurrency. Stories of astronomical gains and heartbreaking losses fill the digital realm, but amidst this volatility, a strategy stands out: investing in cryptocurrency at launch. This article delves into the advantages of being an early adopter, exploring the potential for substantial profits and the unique benefits that come with it.

AAS TOKEN AAST The Power of Early Cryptocurrency Investment

The First Mover Advantage: The undeniable perk of diving into a new cryptocurrency at launch is the first-mover advantage. Early investors gain exclusive access to potential gains before the wider market catches on. Securing tokens at lower prices paves the way for significant profits as the project gains traction and demand. This early entry positions investors at the forefront of groundbreaking digital currencies, offering a unique edge in the volatile crypto market.

Discovering Hidden Gems: Investing in cryptocurrency at launch opens the door to discovering hidden gems amidst the sea of digital assets. While established players like Bitcoin and Ethereum dominate headlines, emerging projects can provide unique features and innovative solutions to real-life problems. Being an early investor allows individuals to identify and capitalize on the next big thing before it becomes common knowledge, potentially reaping substantial rewards.

Timing the Market Waves: Timing is crucial in the cryptocurrency market, and investing at launch provides a unique opportunity to ride the initial market waves. As a project gains attention and momentum, early investors can strategically capitalize on price fluctuations, buying and selling to maximize returns. While navigating early market dynamics requires an understanding of volatility, the potential rewards outweigh the risks for savvy investors.

The Token Launch: A Privileged Opportunity: Introducing a token launch that presents a privileged opportunity for early investors. Pre-sale information is shared, including the dates (19th and 20th of November 2023) and the corresponding prices for each phase (15 cents, 20 cents, and 25 cents). The token’s total supply is highlighted as 10 billion, with 50% in circulation and the remaining 25% allocated for liquidity provisions, business development, and special projects.

Economics of the Token: A breakdown of the AAS token’s economic structure is provided, detailing the allocation of the 10 billion tokens. Categories include liquidity provisions, business development, special projects, an arbitrage system team, and marketing and operational costs. The reserve purposes are emphasized as a security measure, instilling confidence in potential investors.

Building a Long-Lasting Investment through AAST: The article emphasizes the advantages of being part of an early investment in the mentioned token through the AAS platform. The early investors are encouraged to sign up and leverage the potential benefits of being among the first to access the token when it hits the open market. The minimum registration amount is disclosed, and the article stresses the opportunity to earn a weekly return on investment.

Conclusion: In conclusion, the article is meant urges readers to seize the opportunity presented by the upcoming AAS token launch. Drawing parallels to the early days of Bitcoin and other successful cryptocurrencies, the author highlights the potential for substantial profits and the chance to be part of a revolutionary investment. The call to action encourages readers to subscribe, like, comment, and sign up for the AAS platform to embark on a journey of financial growth and success.