GTB Salary Advance Loan: Everything You Need To Know

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The GTBank Salary Advance Loan, introduced by Guarantee Trust Bank, allows individuals to borrow up to 50% of their salary in advance and repay when they receive their income. This loan scheme is accessible to both government and private employees, with a minimal requirement of having a salary account domiciled in GTBank.

Key features of the GTB Salary Advance Loan include a monthly interest rate of 1.33%, no need for collateral, and the ability to receive the advance within 24 hours of application. Eligibility criteria include a minimum monthly income of ₦50,000 for private employees and ₦25,000 for government employees.

How to Apply for the GTB Salary Advance Loan:

  1. Mobile App:
    • Log in to the GTBank mobile app.
    • Navigate to Quick Loan.
    • Choose Salary Advance.
  2. USSD:
    • Dial 7378*2#.
    • Follow the instructions to complete the application.
  3. Visit Any GTB Branch:
    • Visit a GTBank branch near you to request a loan.
    • Seek guidance from customer care for further assistance.

Checking GTB Salary Advance Balance:

  1. USSD:
    • Dial *737#.
    • Press 10.
    • Enter four and follow the instructions.
  2. Mobile App:
    • Log in to the GTBank mobile app.
    • Navigate to Quick Loan.
    • Choose Salary Advance.

How to Repay GTB Salary Advance Loan:

  1. USSD:
    • Dial 7370#.
    • Select option 4.
    • Choose option 2.
    • Enter your PIN to authenticate the transaction.
  2. Mobile Banking:
    • Log in with your details.
    • Click on Quick Loan.
    • Select Salary Advance.
    • Choose the option to repay the loan.
    • Enter your PIN to authenticate the transaction.

Conclusion:

Repaying the GTB Salary Advance Loan is a straightforward process that can be completed through USSD, mobile banking, or the GTBank mobile app. The loan is automatically deducted from the salary account when due, streamlining the repayment process for borrowers.

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It is crucial for individuals considering this loan to carefully read and understand the terms of service associated with it. Borrowers are advised to borrow responsibly and ensure they can comfortably repay the borrowed amount along with any applicable interest.

For more insights into the world of loans, you can explore our next article covering everything you need to know about obtaining a loan from Access Bank.

Please note that all financial decisions should be made after a thorough understanding of the terms and conditions provided by the lending institution.

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