GTBANK Loans: How To Apply, Interest, USSD Code & Repayment

The loan tenor of 30 days and has an option for renewing monthly. You don’t need collateral to access this GTbank loan.
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To access a GTbank loan, it will either have to be a personal loan or a business loan.

GTbank personal and business loans come in different packages.

For personal loans, GTbank offers GT Salary Advance, GTbank School fees Advance and Quick credit; GTbank personal loan service.

GTbank loan products

GTbank has a wide array of loans that are suitable for different purposes. From business to personal loans. Here are the loans that GTbank offers.

GTbank Personal loans

GT Salary Advance

GT Salary Advance is available to staff of private companies and government agencies who have active* salary accounts with GTbank.

GT Salary Advance loan provides up to 50% of your net monthly salary upfront.

The loan tenor of 30 days and has an option for renewing monthly. You don’t need collateral to access this GTbank loan.

Eligibility for GT Salary Advance

To be eligible for this loan, you need a minimum salary of N 25,000 for public sector and N 50,000 for private-sector employees.

GTbank School fees Advance

GTbank School Fees Advance is a loan product for people looking to pay for their child’s/ward’s school fees for schools/institutions in Nigeria only.

This loan is only to whose salaries are domiciled with the Bank.

With this GTbank loan, you can get up to N5 Million for the School Fees.

The Maximum tenor of this loan is 4 months per request.

This loan product involves equal monthly repayments comprising of principal and interest.

GTBank Quick credit

GTbank Quick Credit is the banks’ personal loan product that is available to both salary earners and self-employed people.

With Quick Credit, you can now get the instantly get the cash you need.

You can get up to N5million at an interest rate of 1.33% monthly. This GTbank loan tenor is between 6 – 12 months.

GTbank Max advance loan

GTbank Max Advance is a personal loan product designed for staff of select corporate and government organizations who have salary accounts with GTbank.

With GTbank Max Advance loan you can get up to N100,000 to N10,000,000. Repayable in 3-48 months with equal monthly repayment comprising principal & Interest.

GTbank premium advance

GTbank Premium Advance loan is for its Platinum card members only. Who have an average salary of N1 million in the last six months.


GTbank also requires that you should have received your salary through your GTbank Account in the last three consecutive months.

GTbank Premium Advance is an overdraft accessible via Naira Debit MasterCard (for ATM withdrawals, POS purchase and web payments)

GTbank mortgage loan

GTMortgage loan is for GTbank customers whose salaries or business proceeds are domiciled with the Bank.

With GTMorgage loan they can own a home in selected cities within the country.

GTbank Business loans

Build or Buy Loans for Schools

This is a long-term loan facility for assisting established and well-structured schools in expanding their landed properties to meet obvious or anticipated business demand. The loan tenor for this loan is 3 to 10 years.

The loan amounts is from N20,000,000 to N400,000,000. The school will have to contribute 30% equity. They will also have to make a quarterly repayment of principal and a monthly repayment of Interest.

Fashion Industry Credit

GTbank Fashion Industry Credit is a single-digit interest rate loan at 9% that is strictly for entrepreneurs in the fashion industry.

You can get up to N5 Million for your fashion business with this GTbank loan product. It also confirms a flexible repayment plan spread over 360 days.

GTbank Food Industry Credit

GTbank Food Industry Credit is a single-digit interest rate loan of just 9% per annum. It is a loan product for food businesses?

You can get up to N2 million from this GTbank loan. The repayment plan of this loan is spread over 180 days and it comes with zero fees.

SME Invoice Discounting Finance (SME IDF)


GTbank Overdraft is a line of credit that allows a customer (business) write cheques for more than the actual balance on the account with a finance charge on the excess. It is an open credit which can be used repeatedly until the balance on the account reaches a certain pre-arranged limit with a specific repayment date, usually one year.

The funds available through GTbank Overdraft is usually available for your use for a tenor of one year but it can be renewed upon satisfactory performance.

QuickCredit for Small Business

This GTbank loan product is 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). Interest rate is 1.33% per month (16% per annum). The Loan tenure is 6 months (12 months for schools)

You’ll need to open a corporate account and operate it for 12 months before applying for the credit facility.

How to get a GTbank loan?

You can get a GTbank loan by simply login to Internet Banking. Or by dialling *737*8*2# to apply. You can also visit any GTbank branch or ATM near you.

GTbank loan code

The loan code for GTbank salary loan is *737*8*2#. While for GTbank Quick credit loan, the USSD code is *737*51*51#

How to pay back a GTbank loan?

When you take a GTbank loan, you give GTbank the authority to automatically deduct your monthly loan repayment from your bank account when due. So you don’t have you to do anything.

On the due date each month, GTbank’s system will deduct the amount due for that month. However, if you do not have money in your bank account on the due date, GTbank will still remove the due amount, leaving your account with a negative balance. Defaulting will also reflect in your credit report.

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Alamu Tosin

The writer is Alamu Tosin. I have three strong passions in life — football, blogging and movies — in that order. I love spending time with friends talking about the important things in life and hate nothing more than ‘authority’ and hypocrisy. My personal believe in life is that once an individual sets his/her mind to achieve something, it is totally possible. And oh!, I am a strong Lannister, because I always pay my debt. For writing or fixing gigs, contact

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