How to Borrow Money from GTBank

Guaranty Trust Bank (GTBank) offers a variety of choices to borrow money to help you accomplish your financial goals. Whether you’re experiencing a financial emergency, making a large purchase, or looking to invest in your business.

How to Borrow Money from GTBank

In this article, we’ll walk you through the steps of borrowing money from GTBank and the various loan packages they offer.

Check GTBank’s Loan Types

GTBank has a wide range of offers for getting a loan in Nigeria that suits personal and business needs. You might get confused in the process of choosing the right fit. For this reason, we have created this detailed list of every single GTBank loan available and how you can get any one of them.

Quick Credit Loan

As a salary earner, you can now 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. No Hidden Charges.


  • 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

  • You can request for QuickCredit instantly by dialing *737*51*51#
  • QuickCredit is also available on all GTBank online and mobile banking platforms (Internet Banking and GTWorld)

What are the criteria to access the loan?

  • Customer must maintain a minimum monthly lodgment of N20,000 or earn a minimum net monthly salary of N10,000.
  • Customer must not have any history of dud cheques.
  • Customer must have satisfactory credit reports.
  • Customer must not have any unpaid obligations.

Salary Advance

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


  • 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 Salary Advance

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

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

  • Submit Completed Application Form and Employer Undertaking Form.
  • Provide School Fees bill and Credit Insurance.
  • Ensure that staff terminal benefit is domiciled in GTBank or obtain Corporate Guarantee.

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.


  • 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

How to apply

  • Complete and submit your application form.
  • Submit an employer undertaking form.
  • Show proof of Domiciliation of your NYSC allowance with GTbank.


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.

What you need

  • 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.

How to Apply

  • if your employment status is confirmed as a staff of a reputable company and have worked with your current employer for at least one month, then you can visit the nearest GTbank branch and request and request for application form and submit the above documents.

Premium Advance

Always there, when you need funds the most, Premium Advance is a revolving overdraft facility placed on your Debit Naira MasterCard.


  • 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.

Travel Advance

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


  • Airline Ticket.
  • Hotel Reservation.
  • Airport Pickup and Transfer.
  • Tours and Events.

What you need

  • 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.

Vehicle Insurance Premium Financing

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


  • 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

  • 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.


Borrowing money from GTBank can be a handy approach to satisfy your financial demands, whether personal or business-related.

You may navigate the loan application procedure with confidence if you follow these steps and ensure you meet the eligibility criteria and present the necessary papers.

Remember that careful borrowing and timely repayments are essential to having a strong financial relationship with GTBank.

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