How to apply for Gtbank QuickCredit for Small Business and requirements

Last Updated on December 1, 2023 by admin

The Gtbank QuickCredit for Small Business is a time loan product designed to provide finance as working capital for SMEs in the Education , Healthcare sector and other sectors to enable them boost their  working capital for  invest in new products and services, optimizing its existing operations

The minimum loan amount you can borrow ranges from N250,000.00 – N10,000,000.00 . the interest rate across board is 1.5% per month (18% p.a.) which will service as supporting working capital needs for Education (Creche, Primary and Secondary) Healthcare (Hospitals, Clinics, Retail Pharmacies, Patent Stores and Diagnostic Centres as well Trade and Service

Customers in Trade, Services and Food sectors credit facility tenor is 6 months while Healthcare, Fashion and Education Sectors loan duration is 12 months

How to Apply for GTbank Salary in Advance Loan

Customers can get 50% of their 12 months average turnover and account must have been in operation for at least 6 months.in most case you might be ask to open a corporate account and operate it for 6 months before applying for the credit facility. beside your business must be 3 years and above (at least 1year of which must be evidenced by a bank statement)

Benefits of Gtbank QuickCredit for Small Business

1.Funds are disbursed instantly
2.Eligible customers can apply via GAPs/GAPslite platform
3.Repayment is structured in two ways: Monthly interest payments and quarterly principal repayments (option is only available for schools) Equal 4.monthly repayment of principal and interest

 

Gtbank ussd code for transaction:Open account,Payday loan,OTP code.Airtime Advance and Salary Advance

Criteria to  apply for Gtbank QuickCredit for Small Business

To qualify for QuickCredit for Small Business, you need to have actively operated a Corporate or Business name account with the Bank for at least 6 months.

2. Your business must be 3 years and above of age
3.You must have zero record of returned cheque within the last 12 months.
4.You must have Satisfactory Credit Bureau report

Read: How to Check GTBank Account Balance, statement of account and Create 737 PIN

 

GENERAL REQUIREMENTS & ELIGIBILITY TERMS

  1. Customer must have actively operated a Corporate or Business name account with the Bank for at least 6 months.
  2. Age of business must be 3 years and above (at least 1year of which must be evidenced by a bank statement)
  3. Qualified customers can access 50% of their annual turnover calculated over the last 12 months (subject to maximum loan amount and other eligibility criteria)
  4. Lodgement and turnover analysis will be done on customer’s account to ascertain level of business in the last 12 months
  5. Domiciliation of Business account (execution of domiciliation agreement)
  6. Customer must have zero record of returned cheque within the last 12 months.
  7. Satisfactory Credit Bureau report of the customer (Borrower)
  8. Customer must not have any past due obligation with any bank

 

How to Apply for Gtbank QuickCredit for Small Business

To apply Simply select Loans and select  QuickCredit for Small Business on GAPs/GAPsLite platform and follow the prompts message. After a successful application (subject to satisfactory Credit Check, the loan will be disburse immediately

Meet Ogbeide Frank, popularly known as perere, a blogger who loves writing about finance and Tech. He studied Business administration at the Ambrose Alli University Ekpoma and Mobile Communication at Orange College Malaysia .Frank have worked as a banker and consultant in variety of Nigeria agencies

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Ogbeide Frank loves writing and research about finance and Tech. He studied Business administration at the Ambrose Alli University Ekpoma and Mobile Communication at Orange College Malaysia .Frank have worked as a banker and consultant in variety of Nigeria agencies For Advertisement, Content marketing and sponsored post: contact : kokobest04@gmail.com
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