GTBank Loan Code: How to Borrow Money from GTB in 2023

GtBank offers quick and convenient loans to both individuals and businesses in Nigeria. You can get a loan using your phone without needing collateral. Let’s explore how to apply for a GtBank loan, the types of loans available, eligibility, interest rates, and repayment.

Types of Loans:

GtBank provides various loan options for different needs. For personal loans:

  1. GT Salary Advance: Up to 50% of your salary in 30 days, no collateral.
  2. GtBank School Fees Advance: Up to N5 million for school fees, with 4-month repayment.
  3. GtBank Quick Credit: Non-salary earners can get up to N5 million at 1.33% interest per month.
  4. GtBank Max Advance Loan: Up to N10 million repayable in 3-48 months.
  5. GtBank Premium Advance: Overdraft for Platinum cardholders.

For business loans:

  1. Build or Buy Loans for Schools: Long-term loan for expanding schools.
  2. Fashion Industry Credit: Low-interest loan for fashion entrepreneurs.
  3. GtBank Food Industry Credit: Low-interest loan for food businesses.
  4. SME Invoice Discounting Finance: Cash flow support for businesses.
  5. GtBank Overdraft: Line of credit for businesses.

Eligibility:

To apply for a GtBank loan, you need to be at least 18, have an active GtBank account, a source of income, and a good credit history.

How to Apply:

You can apply for a GtBank loan using different methods:

  1. USSD Code: Dial 7378*2# and follow the prompts to enter details and loan amount.
  2. GtBank Mobile App: Log in, select “Apply for Loans,” choose loan type, amount, and tenor, then submit.
  3. GtBank Branch: Visit a branch, fill out an application form, provide documents, and wait for approval.

Interest Rates:

Interest rates vary depending on the loan type. For personal loans, it ranges from 1.3% to 2% per month, while business loans range from 9% to 16% per annum.

Repayment:

Repaying your GtBank loan is easy. Ensure sufficient funds in your account on the due date, and GtBank will deduct the loan amount automatically. You’ll receive a confirmation notification.

Conclusion:

Getting a loan from GtBank is straightforward and convenient. Choose the loan type that suits your needs, apply through the provided channels, and enjoy the benefits of quick access to funds.

FAQs:

  • How much can I borrow from GtBank? Loan amounts vary based on the type of loan and eligibility.
  • Can students get loans from GtBank? Yes, students can get loans if they meet the bank’s criteria.
  • How do I borrow 5k from GtBank? Dial 73751*51# to borrow N5,000.
  • What’s the code for GtBank salary advance? The code is 7378*2#.
  • How can I check my eligibility? Dial 73751*51# to check your eligibility.
  • What’s the code to borrow a loan? Dial 7378*2# to borrow a loan from GtBank.

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