GTBank Salary Advance Loan: Requirement and How to apply

Last Updated on July 25, 2024 by admin

GTBank Salary Advance is a financial product offered by Guaranty Trust Bank (GTBank) that provides employees with quick access to funds before their monthly salary is paid. It serves as a short-term loan facility designed to meet urgent financial needs, bridging the gap between paydays.

The purpose of GTBank Salary Advance Loan is to provide short-term financial assistance to individuals who find themselves in need of immediate funds. Whether it’s for unexpected medical expenses, car repairs, or any other urgent financial obligations, this loan can help bridge the gap between Salary.

This innovative service allows eligible GTBank customers to borrow up to 50% of their monthly salary, up to a maximum limit determined by the bank. The loan tenure typically 30 days. Renewable monthly, depending on the borrower’s preference and repayment ability.

This loan facility is designed to meet the short-term financial needs of salary earners, allowing them to bridge the gap between paydays and address urgent financial obligations.

The GTBank Salary Advance Loan offers a hassle-free application process, competitive interest rates, and flexible repayment options, making it a convenient and reliable solution for individuals seeking financial support.

Also read: Gtbank Quick Credit loan:Requirements and how to apply

Features Of  Gtbank Salary Advance Loan

• 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.

You may also like to read: GTBank transfer code *737#: How to create or reset 4 digit PIN and Transfer money from your Phone

Who is Eligible For gtbank  Salary Advance

To be eligible for GTBank Salary Advance, you must meet the following criteria:

• Employment Status: You must be a confirmed staff member of a private company or government agency.
• Salary Account: You must have an active salary account domiciled with GTBank.
• Minimum Salary: Your net monthly salary should meet the minimum requirement:
  • Public Sector: ₦25,000
  • Private Sector: ₦50,000
• Account History: Your salary account must have been receiving regular salary payments for a certain period.

Loan Amount:

If you meet all the eligibility criteria, you can get up to 50% of your net monthly salary as a Salary Advance.

Loan Disbursement:

The loan is typically disbursed within 24 hours of approval.

How to Apply for gtbank advance loan with GTWORLD

1. Log on to GTWorld mobile app with your User ID and password
2. Click “Apply for Loans”
3. Click “Salary Advance”
4. Complete displayed form with account to credit and loan amount and secret answer
5. Click “Continue”
6 Enter your token code to complete request
7. Click “Done”

How to Apply for gtbank advance loan with USSD

If you want to apply for Gtbank salary advance using ussd  follow the steps below:

1. Dial *737*8*2#
2. Enter amount required
3. Enter your USSD transaction PIN or the last 4 digits of debit card to confirm

4. Once done you will get confirmation of your loan application  once qualify you get your cash indirect into your account.

Important Note:

• You must be an active GTBank customer with a salary account to be eligible for these loans.
• The maximum amount you can borrow and the interest rate will depend on your eligibility and the specific loan product.
• Ensure you have sufficient airtime on your phone to complete the USSD session.

How to Apply for gtbank advance loan with Internet Banking

1. Log on to Internet Banking with your user ID and password
2. Click Quick Loan>> Salary Advance
3. Click “New Request”
4. Complete the displayed form with required details (e.g. Account to credit, loan amount, tenor, etc.)
5. Click on the “click here to agree” checkbox to agree to the terms and conditions
governing the facility
6. Provide answer to your secret question and click “Continue”
7 Enter your “Token code”
8 Click “Submit

GTBank Payday Loan Code For Non-Salary Earners

Also read: How To Block Nigeria Banks Account Or ATM Card in case of Fraud,theft

How to Check Gtbank Loan Balance

There are several ways to check your GTBank loan balance:

1. USSD Code:

   • Quick Credit: Dial 73751*55# and follow the prompts.
   • Salary Advance: Dial 7376*1# and enter your 737 PIN. Your loan balance will be displayed along with your account balance.

2. GTWorld Mobile App:

   • Log in to the GTWorld app.
   • Go to the “Loans” section.
   • Your outstanding loan balance and repayment schedule will be displayed.

3. Internet Banking:

   • Log in to your GTBank Internet Banking account.
   • Go to the “Loans” section.
   • You will find your loan balance and other details.

4. GTAssistant:

   • Send an email to gtassistant@gtbank.com from your registered email address.
   • Use the following format in the email:

     Dear GTBank,
     Please provide me with my loan balance.
     

   • GTAssistant will reply with your loan balance.

5. GTBank Branch:

   • Visit any GTBank branch and inquire about your loan balance from a customer service representative.