How to get a loan from Guaranty Trust Bank (GTB)

Guaranty Trust Bank Plc (GTBank) is popularly known as a financial institution with a wide range of market-leading financial products and services tailored to accommodate various classes of individuals and organizations. GTBank is a multinational financial institution headquartered in Lagos, Nigeria, and with subsidiaries in Cote D’Ivoire, Gambia, Ghana, Liberia, Kenya, Rwanda, Tanzania, Uganda, Sierra Leone, and the United Kingdom.

GTBank is one of the topmost financial institutions in Nigeria promoting enterprises and providing support for small businesses. In striving to be a platform for enriching lives, GTBank has various loan schemes designed to help its customers(both individuals and businesses) power their progress.

In this article, we will be exploring the loans and how to apply for them.

GTBank Salary advance

With a salary advance loan, you can get up to 50% of your net monthly salary upfront. This loan scheme is available to staff of private companies and government agencies with active salary accounts domiciled in GTBank.

Benefits of salary advance

  • Up to 50% of net monthly salary in advance.
  • The tenor of 30 days. Renewable monthly.
  • No collateral is required.
  • Minimum salary of #25,000 for the public sector and #50,000 for private-sector employees.
  • Salary advance will be made available within 24 hours.

How to apply for a GTBank salary advance

You can apply via any of these three mediums:

  • Simply log in to Internet Banking
  • Dial *737*8*2# to apply
  • Visit any GTBank branch or ATM near you

GTBank school fees advance

School fees advance is a loan facility designed to finance the payment of your child’s/ward’s school fees for schools/institutions in Nigeria only. This facility is available to members of staff of public and reputable private organizations whose salaries are domiciled with GTBank.

Benefits of school fees advance

  • You can get up to N5 Million School Fees Advance. The maximum tenor is 4 months per request.
  • It has a very competitive interest rate. The mode of loan repayment is equal to monthly repayments comprising of principal and interest.
  • You also have instant access to funds for the prompt payment of your child’s/ward’s school fees.

How to apply for GTBank school fees advance

  • Submit Completed Application Form and Employer Undertaking Form.
  • Provide School Fees bill and Credit Insurance.
  • Ensure that staff terminal benefit is domiciled in GTBank or obtain Corporate Guarantee.

Note: you can download the forms on the GTBank website or go to the nearest GTBank branch.

Quick Credit

With GTbank Quick Credit, salary earners or self-employed can get the cash they need instantly, and pay it back over 6 – 12 months. With Quick Credit, you can get funds up to N5million at an interest rate of 1.33% monthly, with no hidden charges. To confirm if you are eligible for Quick Credit, dial *737*51*51#.

Benefits of Quick Credit loan

  • If you are eligible, you can get up to N500,000 – 5 Million.
  • Convenient repayment plan spread over 6 – 12 months.
  • An interest rate of 1.33% per month.

How to apply for GTBank Quick Credit

There are two ways to apply:

  • You can request Quick Credit instantly by dialing *737*51*51#.
  • Quick Credit is also available on all GTBank online and mobile banking platforms (Internet Banking, GTWorld, GTBank Mobile App, and Habari App).


If you are looking for a larger loan facility and greater flexibility to meet your financial needs with a convenient repayment plan, this is exactly what MaxPlus offers. MaxPlus is available to platinum customers whose salary accounts are domiciled with GTBank.

Benefits of MaxPlus

  • Get a loan of between N6 Million and N30 Million.
  • The tenor of up to 48 months. Monthly repayment cannot exceed 33.3% of the net monthly salary.
  • Equal monthly repayment comprising principal & Interest.
  • No collateral is required.

How to apply for MaxPlus

Submit Completed MaxPlus Application Form and Employer Undertaking Form.

Note: you can download the forms on the GTBank website or go to the nearest GTBank branch.


GTMortgage is a loan scheme designed to enable Gtbank customers to own a home in selected cities within the country. It’s only for customers whose salaries or business proceeds are domiciled with the Bank.

Benefits of GTMortgage

  • Facility amount ranging between #5million and #150million for low-density residential locations in Abuja and Lagos.
  • Facility amount ranging between #5million and #50million for medium density residential locations in Abuja, Lagos, and other state capitals.
  • The tenor of up to 20years (but subject to a maximum age of 55 when the loan expires).

How to apply for GTMortgage

You need the following documents to apply for GTMortgage:

  • Completed Application Form
  • Title Document of Property
  • Offer Letter to Sell property from vendor
  • Valuation report from any of the Banks approved estate valuer
  • Search report from GTBank Legal Group

You can go to the nearest GTBank branch location to apply for GTMortgage.

GTBank Travel Advance

If you’re looking for a loan to meet your travel needs(Airline ticket; hotel reservation; airport pickup and transfer; and tours and events), then, Travel Advance is suitable for you. To qualify for this loan, your salary account must be domiciled with GTBank. Also, you must have received your salary(must be in Naira) through GTBank in the last 3 months from the same employer.

Benefits of Travel Advance

  • Facility amount ranging from #250000 to #3million.
  • Loan tenor up to 12 months.

How to apply for GTBank Travel Advance

  • Login to Internet Banking
  • Click Travel Advance under Investments and Quick Loans
  • Select Travel Advance and initiate a New request.
  • Fill in the required details.
  • Authorize your request by inputting the 6 digits on your token and submit.


MaxAdvance is designed to facilitate personal loans to the staff of select corporate and government organizations whose staff salary accounts are domiciled with GTBank.

Benefits of MaxAdvance

  • Facility amount ranging from #100000 to #10million.
  • The loan tenor is up to 48 months.
  • Convenient repayment plan.

How to apply for MaxAdvance

You can complete your MaxAdvance loan application at any GTBank branch location near you with the following documents:

  • MaxAdvance application form for non-private organizations or private organizations.
  • Employee undertaking form.

GTBank computer acquisition scheme

Computer acquisition scheme offers a facility (time loan) to currently serving Corps members whose allowance accounts are domiciled with GTBank to finance the acquisition of mobile devices to be paid during the service year.

Benefits of computer acquisition scheme

  • Facility amount of up to ₦60000.
  • Flexible repayment plan(within 3 to 10 months).
  • It allows Corp members more information, knowledge, and acquisition of skills.

How to apply for a GTBank computer acquisition scheme

You can complete your application during NYSC orientation activities. The required documents include:

  • Computer acquisition scheme application form
  • Employer undertaking form
  • Domiciliation of NYSC allowance with GTBank

GTBank Premium Advance

Premium advance is a revolving overdraft facility placed on your Debit Naira MasterCard for when you need funds the most. The requirements for eligibility are:

  • For Platinum customers only.
  • The average monthly salary should not be less than N1million in the last six months.
  • Annual turnover should not be less than N10million.
  • You should have received your salary through your GTBank Account in the last three months consecutively.
  • You should not have any past due obligations with GTBank or other banks.

Benefits of premium advance

  • Up to N1 Million overdraft with a 1 year Tenor (subject to clean-up every 30 days).
  • Very Competitive interest rate. 2% flat fee on N1million upon first utilization.
  • Overdraft accessible via Naira Debit MasterCard (for ATM withdrawals, POS purchase, and web payments)
  • Monthly repayment of interest with a bullet payment of principal at end of the cycle.

How to apply for GTBank premium advance

Simply submit the completed premium advance application form and Employee Undertaking form to the nearest GTBank branch location.

GTBank vehicle insurance premium financing

Vehicle Insurance Premium financing is a time loan that enables corporate organizations(with access to GAPs) and salary owners (whose accounts are domiciled with GTBank) to pay for their motor insurance premium upfront and spread the repayment over a 12 months period.

Benefits of vehicle insurance premium financing

  • The loan amount ranges between #20000 and #1million for individuals and #20000 to #5million for corporates
  • Instant availability of funds to pay for insurance premium.
  • Opportunity to pay for insurance premium on monthly basis
  • Insurance cover without physically visiting insurance office

How to apply for vehicle insurance premium financing

You can either apply for the Vehicle Insurance Premium Financing on Internet Banking or on GAPS. To apply via internet banking, simply click on Sign On Menu, Insurance Loans, and then Vehicle Insurance.

To apply via GAPs/GAPs Lite, simply go through; Sign On — Single Transactions—– Collections —– Insurance Loans—– Vehicle Insurance Leadway.

GTBank QuickCredit for Small Business

This is a time loan product aimed at financing the working capital (i.e funds needed for day to day needs) of SMEs in the Education (creche, primary & secondary schools) and Healthcare (Hospitals, Retail Pharmacies and Diagnostic Centres). You will need to open a corporate account with GTBank and operate it for 12 months before applying for the credit facility

Benefits of QuickCredit for small business

  • Eligible customers can access up to 50% of average annual turnover
  • Loan tenure is up to 6 months (12 months for schools)
  • Funds are disbursed instantly
  • Eligible customers can apply via GAPs/GAPslite platform
  • Repayment is structured in two ways: Monthly interest payments and quarterly principal repayments (option is only available for schools) Equal monthly repayment of principal and interest

How to Apply for GTBank QuickCredit for small business

Simply select Loans and click on QuickCredit for Small Business on GAPs/GAPsLite platform and follow the prompts.


GTbank has one of the lowest bank loan interest and flexible repayment plans, therefore, take your time to understand each scheme and choose the best for your needs.

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Anthony Adewuyi

Anthony Adewuyi

Anthony is a Content Writer with He is passionate about Finance, Business, and Tech related topics. He is a Digital Entrepreneur with vast experience in Data Analytics and Advanced Google Analytics

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