GTBank Loan: How to Apply, Loan USSD Code, And Full Requirements

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GTBank Loan: How to Apply, Loan USSD Code, And Full Requirements

GTBank Loan: How to Apply, Loan USSD Code, And Full Requirements.

Guaranty Trust Bank (GTBank) is one of Nigeria’s leading financial institutions, renowned for its outstanding customer service and innovative products and services. 

Among its many services, various loan products are designed to meet the financial needs of individuals and businesses. 

Whether you are looking for a personal loan to finance a project or a business loan to grow your business, GTBank offers a wide range of loan products to suit your needs.

Applying for a loan can be a daunting process, but GTBank has made it easy for customers to access loans through a variety of channels, including online and mobile banking as well as in-branch. 

With GTBank’s loan products, customers can access capital quickly and easily without going through the traditional loan application process. 

How to Apply For GTBank Loan

Applying for a GTBank loan is a simple process that can be done online, through mobile banking or by visiting a GTBank branch. 

The steps to apply for a loan vary depending on the application method you choose, but the basic requirements and necessary information are the same. Below is a more detailed explanation of the steps to apply for a GTBank loan.

Online Application

To apply for a GTBank loan online, you need to follow these steps:

  • Visit GTBank’s official website at www.gtbank.com and click on the “Loan” tab.
  • Select the type of loan you want to apply for. GTBank offers a variety of loan products, including personal loans, business loans and short-term loans.
  • Click the “Register Now” button to begin the registration process.
  • Fill out the loan application form with personal information, contact details, employment details and any other relevant information requested.
  • Upload required documents, such as ID card, utility bill, and bank statement.
  • Review your application and submit it. 

Mobile banking app

To apply for a GTBank loan via mobile banking, you need to follow these steps:

  • Dial *737*51*51# on your mobile phone.
  • Follow the instructions to choose the type of loan you want to apply for.
  • Enter your personal and professional data.
  • Review your application and submit it. 

Branch inquiry

If you want to apply for a GTBank loan directly, you can go to any GTBank branch and follow these steps:

  • Ask to speak to a loan officer and explain your loan needs.
  • The loan officer will provide you with a loan application form to fill in your personal information, contact details, employment details and any other relevant information requested.
  • Submit the completed loan application form along with the required documents, such as ID card, utility bill, bank statement and any other required documents.
  • The loan officer will review your application and notify you of the loan decision. 

Loan USSD Code

GTBank has made it easier for customers to apply for a loan by introducing the loan USSD code. This allows customers to apply for a loan using their mobile phone without having to go to a bank or access the Internet. The USSD code of the loan is *737*51*51#.

To apply for a loan using the USSD code, you must follow these steps:

  • Dial *737*51*51# on your mobile phone.
  • Select the type of loan you want to apply for.

GTBank offers a variety of loan products, including personal loans, business loans and short-term loans.

  • Enter your personal and business information, including your name, account number, and monthly income.
  • Choose your preferred loan amount and repayment term.
  • Review the terms and conditions of the loan and accept them.
  • Submit your application. 
  • Waiting for loan decision. If your loan is approved, the money will be credited to your GTBank account within 24 hours.

It is important to note that the loan USSD Code is only available to GTBank customers who have signed up for the bank’s USSD service. If you have not yet signed up for the service, you can do so by dialing *737# and following the prompts.

Using the Loan USSD Code is a quick and convenient way to apply for a loan, especially for customers who don’t have internet access or don’t want to go to a bank branch.

 However, it is important to ensure that you meet the eligibility criteria and have all the required documents before applying for a loan using the USSD code. This will increase your chances of getting a loan approved and getting the money you need.  

Full Requirements For GTBank Loans

When applying for a GTBank loan, you must meet certain conditions to be able to get a loan. These requirements may vary depending on the type of loan you apply for, but the general requirements are as follows:

  • Age

You must be 18 years or older to apply for a loan from GTBank.

  • GTBank account

You must have an active account with GTBank. The account must have been created for at least six months and in good standing with no negative balance.

  • Income

You must have a regular source of income. It can be from your job or your business. You will need to provide proof of income, such as a pay stub or bank statement.

  • Credit history

Your credit history will be checked to determine your creditworthiness. You should have a good credit history, no default or outstanding debt.

  • Collateral

Depending on the type of loan you apply for, you may need to provide collateral. Collateral can be in the form of property, vehicles, or other valuables.

  • Guarantor

You may be required to provide a guarantor to repay the loan if you are unable to do so. The sponsor must meet the eligibility criteria and provide proof of income.

  • Valid I.D

You must provide a valid ID, such as a national ID card, international passport or driver’s license.

  • Proof of Address

You must provide proof of address, such as a utility bill or bank statement. 

FAQs

What is the maximum loan I can request from GTBank?

GTBank offers a variety of loan products with different maximum loan amounts. The maximum loan amount you can claim depends on the type of loan you are interested in. 

For example, the maximum amount of a personal loan may differ from a business loan or mortgage. You can check the loan details and eligibility criteria of each loan product on GTBank’s website or contact the bank’s customer service. 

How long does it take for my loan application to be processed?

Loan application processing times can vary depending on the type of loan you apply for and the completeness of your documentation. Normally, GTBank processes loan applications within 48-72 hours. 

However, some loan products, such as short-term loans, may be processed faster. You can contact your bank’s customer service for more information on processing times for specific loan products. 

I am not a GTbank customer, can I apply for a loan?

No, you must have an active account at GTBank to be eligible for a loan. However, if you are not a GTBank customer, you can open an account with the bank and meet the eligibility criteria before applying for a loan.

What if I can’t pay my debt on time?

If you don’t pay your loan on time, you will be charged a penalty fee and your credit score may be affected. If you continue to default, the bank may take legal action and your collateral may be foreclosed on. It’s important to make sure you can afford the loan before you sign up.

Can I pay off my loan early?

Yes, you can prepay your loan if you can afford it. Loan prepayment means you repay the loan before the end of the loan term. This can save you money and improve your credit score. 

However, some loan products may have prepayment penalties, so it’s important to check the loan’s terms and conditions before prepaying your loan.

Can I apply for a loan online?

Yes, you can apply for a loan online by visiting the GTBank website and filling out the online loan application form. You will need to provide all the required documents and meet the eligibility criteria of the loan product you are interested in. Alternatively, you can apply for a loan using loan code USSD *737*51*51#.  

Conclusion

 GTBank is a reputable financial institution that provides a variety of loan products to meet the financial needs of customers. Applying for a loan from GTBank is simple, convenient and can be done online or through the loan USSD code *737*51*51#.

To apply for a loan, you must meet the eligibility criteria and provide the required documents, which may include proof of income, identification, and proof of address. 

Loan application processing time may vary depending on the type of loan you apply for, but in general GTBank processes loan applications within 48-72 hours.

It’s important to make sure you can afford your loan payments before you apply to avoid default, which can lead to penalty fees and affect your credit score. For any questions related to GTBank loans, you can contact the bank’s customer service department for support.