Guaranty Trust Bank (GTBank) provides a variety of loan solutions to meet a variety of purposes. To qualify for a GTBank loan, however, you must meet certain requirements and undergo a well-structured process. In this article, we’ll walk you through the important stages you need for qualifying for a GTBank loan.
Before you begin the loan application procedure, you must first understand why you need the loan. Whether it’s for personal costs, corporate expansion, or a specific project, identifying your needs can assist you in selecting the best loan product from GTBank’s offers.
Type of Loan you can Apply For
GTBank provides a number of loan packages to meet a number of needs, Research and choose the loan package that best fits your needs. These loans have reasonable tenors which make repayment more convenient and when compared with loans from other providers, they are quite reasonable. The different type of loans you can apply for include:
- Personal loans.
- Salary advance loan.
- School fee advance loan.
- GTBank Quick Credit Loan.
- GTBank Max Advance Loan.
- GTBank Computer Acquisition Scheme Loan.
- Mortgage Loan.
- GTBank Overdraft.
- Travel Advance Loan.
- Vehicle Insurance Premium Financing Loan.
We have talked about the various type of loan available to GTbank customers, now let’s see the requirement you need to qualify for these loans.
Requirements to Qualify for Personal Loans
Below are requirements you will need to meet to qualify for the above listed of GTbank loans
- 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.
Requirements to Qualify for GTBank Salary Advance Loan
To qualify for the GTBank salary advance loan, you need to have the following:
- An active salary account with Guaranty Trust Bank for at least one month
- A minimum of N25,000 and N50,000 salary for public and private sectors respectively
Requirements to Qualify for GTBank School Fees Advance Loan
To qualify for the GTBank school fees loan, you need to have the following:
- An active salary account with Guaranty Trust Bank for at least one month.
- A minimum of N25,000 and N50,000 salary for public and private sectors respectively.
- Completed application form.
- Completed Employer undertaking form.
- School fees bill.
- Credit insurance.
Requirements to Qualify for GTBank Quick Credit Loan
This GTBank loan is something both salary and non-salary earners between the ages of 18 – 59 years can benefit from. It is a quick solution for instant cash in situations where you may have due bills to pay or any other unforeseen circumstance. As the name implies, access to quick cash is paid as soon as an application is approved. These criteria are:
To qualify for the GTBank Quick Credit loan, you need to have the following:
- An active salary account with Guaranty Trust Bank for at least one month.
- A minimum of N25,000 and N50,000 salary for public and private sectors respectively.
- No history of dud cheques.
- Satisfactory credit reports.
- No unpaid obligations.
- Credit insurance.
Requirements to Qualify for GTBank Max Advance Loan
To qualify for the GTBank max advance loan, you need to have the following:
- An active salary account with Guaranty Trust Bank for at least one month.
- Completed application form.
- Completed employee undertaking form.
Requirements to Qualify for GTBank Max Plus Loan
To qualify for the GTBank max plus loan, you need to have the following:
- An active salary account with Guaranty Trust Bank for at least one month
- A minimum net annual income of N20 million
- Max Plus application form
- Completed employee undertaking form
Requirements to Qualify for GTBank Computer Acquisition Scheme Loan
To qualify for the GTBank Corp members loan for computer acquisition, you need to have the following:
- You must be a current serving Corp member
- Allowance account must be domiciled with GTBank
- Completed application form
- Employer undertaking form
All applications must be completed during NYSC orientation.
Requirements to Qualify for GTbank Mortgage Loan
To qualify for the GTBank mortgage loan, you need to have the following:
- Salary or business account with GTBank.
- Be a confirmed staff of a reputable company/organization for at least one month.
- Completed application form.
- Title document of property.
- Offer letter to sell property from vendor.
- Valuation report from Bank’s approved estate valuer.
- Search report from GTBank Legal Group.
Requirements to Qualify for GTBank Overdraft (Premium Advance Loan)
To qualify for the GTBank overdraft (premium advance loan), you need to have the following:
- Be a GTBank Platinum customer.
- Average monthly salary of N1 million and above.
- An annual turnover of N10 million and above.
- Active salary account with GTBank for at least 3 months.
- No ending obligations with Guaranty Trust Bank or other banks.
- Completed application form.
- Employee undertaking form.
Requirements to Qualify for Travel Advance Loan
To qualify for the GTBank travel advance loan, you need to have the following:
- Active salary account with GTBank for at least 3 months.
- Salary must be paid in NGN.
- GTBank Internet banking access.
- Token to complete transactions.
- Completed application form.
Requirements to Quality for Vehicle Insurance Premium Financing Loan
To qualify for the GTBank vehicle insurance premium financing loan, you need to have the following:
- Active salary account with GTBank for at least 3 months
- SME or Corporate account domiciled with GTBank
- 20% of total insurance cost by customer
- Completed application form on Internet banking portal or GAPs
Conclusion
Qualifying for a GTBank loan requires careful planning, understanding eligibility criteria, and following to a disciplined application process.
GTBank’s loan solutions can help you reach your goals, whether you’re a small business looking for financing or an individual seeking financial support for personal purposes.
By taking these steps, you can improve your chances of getting the loan you need and starting on your journey to financial success.
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