Guaranty Trust Bank (GTBank) offers diverse loan products tailored for personal, salary-based, educational, and mortgage needs, primarily serving customers in Nigeria and Kenya with competitive rates and quick approvals.
| Loan Name | Eligibility Criteria | Interest Rate | Max Amount | Max Tenor |
|---|---|---|---|---|
| QuickCredit | Salary account with GTBank; salary earners | 2.75% monthly | ₦5 million | 12 months |
| MaxAdvance | Salary domiciled with GTBank; corporate/govt staff | Varies; up to 33.3% of net salary repayment | ₦10 million | 48 months |
| MaxPlus | Platinum GTBank customers; salary domiciled | Competitive | ₦50 million | 60 months |
| GTMortgage | Property buyers; valid documentation | Varies by property | ₦150 million | 20 years |
| School Fees Advance | Parents/guardians with GTBank account | Competitive | Varies | Varies |
| NYSC Advance | NYSC corps members with GTBank account | 1.75% monthly | ₦200,000 | 9 months |
| Salary Advance | Salaried GTBank customers | Low; quick access | Varies by salary | Up to 3 months |
| Vehicle Insurance Premium | GTBank customers needing insurance financing | 1.67% monthly | ₦5 million | 12 months |
QuickCredit
QuickCredit provides instant cash access for salary earners facing urgent needs, disbursed directly to GTBank accounts without collateral. Eligibility requires an active salary account with GTBank and steady income verification, with loans up to ₦5 million repayable over 12 months at 2.75% monthly interest. Customers apply via 73751*51# USSD, GTWorld app, or internet banking, enjoying no hidden fees and pre-liquidation options.
MaxAdvance
MaxAdvance targets staff from select corporations and government bodies with salaries domiciled at GTBank, offering higher limits for personal or business use. Borrowers qualify with proven employment, salary not exceeding 33.3% monthly repayment, accessing ₦100,000 to ₦10 million over 3-48 months. Applications involve submitting employer undertaking forms, ensuring fast processing for reliable earners.
MaxPlus
Designed for premium platinum customers, MaxPlus delivers substantial funding without collateral for high-net-worth individuals with domiciled salaries. Eligibility demands GTBank platinum status and salary account, unlocking ₦6-50 million repayable up to 60 months. Submit dedicated forms and employer guarantees for approval, ideal for major investments or emergencies.
GTMortgage
GTMortgage enables homeownership through financing for property purchases or construction across Nigeria, with tenors up to 20 years. Applicants need valid property documents, steady income proof, and GTBank relationship, borrowing ₦5-150 million based on location. Flexible repayments and comprehensive support make it suitable for families and investors seeking long-term housing solutions.
School Fees Advance
This facility covers educational expenses for children, disbursed directly to schools, easing financial pressure on parents. GTBank account holders with verifiable income qualify, with amounts tailored to fees and repayment aligned to salary cycles. Apply via app or branch, benefiting from quick turnaround and no collateral for trusted customers.
NYSC Advance
NYSC Advance supports National Youth Service Corps members with immediate funds during service, up to ₦200,000 at 1.75% monthly. Eligibility includes active NYSC status and GTBank account, repayable within 9 months post-service. Dial USSD or use the app for instant access, helping corps members manage living costs without delays.
Salary Advance
Salary Advance offers short-term bridging for salaried employees, advancing up to a portion of monthly pay against domiciled accounts. Customers need consistent salary inflows to GTBank and good standing, with low rates and 1-3 month tenors. QuickCredit variants often overlap, applied via mobile for emergency cash flow.
Vehicle Insurance Premium Financing
This specialized loan funds annual vehicle insurance premiums, spreading costs over 12 months at 1.67% monthly interest. GTBank policyholders qualify with proof of premium needs, borrowing ₦20,000-₦5 million. Access through GAPS platform or internet banking ensures seamless coverage without upfront lump sums.
General Eligibility Factors
Across products, GTBank assesses credit history, income stability, and account activity, prioritizing domiciled salary accounts for instant loans. Kenyan operations feature collateral-free personal loans from 13.99% p.a. for salaried individuals, expanding access regionally. Maintain a clean repayment record to boost approval odds, as banks review CBN credit scores.
Application Process
Most loans activate via GTWorld app, *737# USSD, or branches, requiring minimal docs like ID, payslips, and employer letters. Digital channels dominate for QuickCredit and advances, with mortgages needing property valuations. Approvals range from minutes to days, disbursed instantly to accounts.
Rates and Repayment Insights
Rates vary: personal loans at 1.67-2.75% monthly, mortgages longer-term at negotiated figures. Repayments auto-debit from accounts, with penalties for defaults impacting future eligibility. Compare via GTBank site for updates, as CBN policies influence adjustments.
Tips for GTBank Borrowers
Select loans matching purpose and repayment capacity to avoid debt traps. Build eligibility by domiciling salary early and transacting regularly. For businesses, explore SME options like Food Industry Credit at 9% p.a. up to ₦2 million. Consult branches for personalized advice, ensuring sustainable borrowing
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