Applying for a loan from a bank can be a lifesaver when you come across specific emergencies or want to do certain things. GTBank quick credit loan is the best loan to qualify for and apply for to finance your business and personal projects.
The GTBank Quick credit loan is a fast, non-collateral loan that only GTBank customers can access. It has a low interest rate and flexible payment options, making it a good and easy option when you are low on funds.
Before applying for a GTBank Quick credit loan, you need to know how to qualify. If you do not know how, then you are in luck, as we will discuss this and more in this article.
How do I Qualify for a GTBank Quick Credit Loan?
You must meet specific requirements to qualify for a GTBank quick credit loan. Here are some of the requirements you need to have to be eligible to apply for a GTBank Quick credit loan:
- You must be an active GTBank customer.
- Your monthly salary should be a minimum of #200,000.
- You must also have a good credit score.
- All debts to UBA and other banks or organizations should be paid off.
You need to meet these requirements to qualify for a GTBank Quick Credit loan.
FAQs
Is GTBank Quick Credit Loan worth it?
GTBank Quick credit loan offers loans of up to #500,000 for non-salary earners and 5 million Naira for salary earners. Those who apply for the GTBank Credit Loan enjoy a low interest rate of 1.33% per month and a maximum tenor of 12 months.
How can I get a quick credit loan from GTBank?
There are three ways you can get a quick credit loan from GTBank, and they are:
- Via the GTBank mobile app.
- Through the USSD code, i.e., *737*51*51#
- Internet banking platform.
You can choose whichever way is most convenient for you to apply for a GTBank Quick credit loan.
What type of GTBank Quick credit loans are Available?
There are so many types of GTBank quick credit loans, but they can be grouped into two, and they are:
- Personal loans: just as the name implies. This loan is meant to finance pressing financial needs like paying school fees. I also bought essential items for the home and more.
- Quick credit for small businesses: this quick credit loan helps fund small businesses. This loan can come in handy for small business owners who plan to expand their business or improve on it.
These are the main types of GTBank Quick loans available. For more information on the kinds of Quick credit loans available, visit www.gtbank.com.
How long does it take to receive loan funds from GTBank Quick Credit?
It takes 5 mins. When you apply for GTBank quick credit and your request has been granted, you should receive your loan in minutes.
What is the interest rate on a GTBank quick credit loan?
The interest rate on a GTBank quick credit loan is one of the lowest interest rates for a loan in GTBank. You can get up to three months of your salary with an interest rate of 1.80% monthly.
How much can GTBank borrow from me?
It depends on how much salary income you get into your GTBank account every month during the time frame GTBank will calculate for you. You can borrow up to 100% of your monthly salary at an interest rate of 18% annually. The loan repayment is flexible within 12 months.
Who is eligible for quick credit?
To be eligible for the GTBank quick credit, you must have been active for six months operating a corporate or Business name account. Also, you should note that within the last 12 months or the last year, you must have a zero record of a returned cheque.
How can I check my GTBank loan eligibility?
You can visit any GTBank centre to check your loan eligibility for Quick Credit. Also, if you have the GTBank mobile banking app, you can use it. Navigating to the “Apply for a loan” section would be best. Click on the “Quick Credit” section. It will tell you if you are eligible or not.
How do I activate quick credit on GTBank?
To activate quick credit on GTBank, you must be a salary earner. This means your GTBank account must have received some amount of funds within a time frame of 6 months to a year. Only then will GTBank quick credit be activated for you.
What is GTBank Quick credit?
Quick credit offered by GTBank is known as a loan for salary and non-salary account holders.
What is the minimum GTBank Quick credit amount?
The minimum amount of loan you will get from GTBank using quick credit is N5,000 (5,000 Naria).
What is the maximum GTBank Quick credit amount?
The maximum amount of loan you will get from GTBank using quick credit is N5 million (5,000,000 Naria).
How do I liquidate my GTBank quick credit?
Your GTBank account is automatically set to liquidate your quick credit. At the end of every month, 18% of the amount for your loan repayment will be debited from your account. Note that if you have no money in your account balance, your account will be on -#0000 till it gets funded.
How do I check my GTBank quick credit balance?
You can quickly check your GTBank quick credit balance by dialing the USSD code *737*6*2#. This will help you narrow your loan balances. Or you can make use of the GTBank mobile app. From the app homepage, click on the “Apply for a loan” section. Next, click on the “Loan Liquidation” section. There, you will see the loan balance on your account.