Before Gtbank quick credit and other loan companies came into being in Nigeria, getting a loan was never an easy thing to do. People couldn’t even imagine themselves walking into any commercial bank in Nigeria to ask for a loan, because of the rigors they need to go through. From the filling and submission of uncountable paper works to getting someone who will be your guarantor and the fear of your loan request being rejected after all the stress.
Fortunately, the advancement of technology has made all of this a story of the past, as things have changed drastically, leading to transactions being conducted with ease. In this article, you will know about Gtbank Quick Credit and how you can get it.
What is quick credit?
Quick credit is a loan product developed by Gtbank specifically for salary and non-salary holders of Gtbank. The loan provides you a minimum loan amount of N10, 000 and a maximum of N500, 000 for non-salary holders while salary earners can access as much is N5 million.
How to get quick credit loan from GTBank
- Activate your internet banking platform,
- Download and register on Gtbank mobile app,
- Dial the USSD code *737*51*51#.
How to know if you qualify for quick credit
- You must have an account with Gtbank
- Your monthly salary must not be less than N20,000.
- You must have a satisfactory credit loan.
Why is gtbank quick credit the best for me?
- It has one of the lowest interest rates.
- Itrates are a paltry 1.33% and a tenure of 12 months.
- Penalty for defaulting on payment attracts 1% added to the debt.
Quick credit for non-salary earners
To carry everyone along, Gtbank designed one for small businesses. This makes easy loans available for SMEs to assist them in the operations of their business. The loan funds education and healthcare industry.
Features of quick credit for small business and non-salary earners
- The interest rate is 1.33%.
- Customers loan tenure is 6months.
- Schools loan tenure is 12months.
- Customers can access up to 50% of their annual average salary.
- You can open a corporate account and the account must have been in used in the last 12months.
- The minimum loan amount is N250,000 minimum and N5,000,000.00 maximum.
- Customers get their loans disbursed instantly.
The Gtbank Quick Credit loan is very easy to get once you have all the requirements needed by the bank for the facilitation of your loan request. You can also check other loan apps for their eligibility.