Sometime ago, it was very difficult for SMEs and individuals to get bank loans without collateral. But recently, I have seen many banks come up with products to support both SMEs and salary earners without asking for any collateral in any form. However, one of such products is the GTB Quick Credit.
This GTB Quick credit allows salary earner or self-employed person to access the cash they need instantly, and pay back over a period of 6 to 12 months. This Quick Credit will give you funds of up to N5million at an interest rate of just 1.75% every month.
The GTBank Quick Credit Loan Requirements
Below are the requirements that you must have before applying for the GTBank quick credit loan.
- All applicants must earn at least N10,000.
- You must also be 18 years of age.
- And also, must be less than 60 years at the loan maturity date.
HERE IS HOW TO APPLY FOR GTBANK QUICK CREDIT LOAN
- With your alert line, just dial the GTBank quick credit loan USSD code *737*51*51#
- After which, GTbank will ask you to provide your salary account details. Note that this is where your money will be debited and it’s also what you will use to pay back your loan.
- You can then follow the instructions and you should be able to get your loan within minutes.
THE GTBANK QUICK CREDIT LOAN INTEREST RATES
loan charges a 1.75% monthly rate, with no other hidden fee.
GTBank will give you up to 12 months to pay back your loan.
example, if you got a N1million loan from GTBank (presuming you have 12months to pay bank), then you will pay N17,500 monthly and a total of N210,000 in 12month.
THE GTBANK QUICK CREDIT LOAN REPAYMENTS PLANS
Please note that because you provided your salary account information during the registration, the bank will deduct the monthly Quick credit loan payment from your salary account.
With this, you don’t need to perform any manual action because the money will be deducted instantly on your salary date.
However, in case there is any reason you didn’t pay your monthly payments on time, the bank will charge a monthly repayment fee of 1%.
Please note that if you pay your loan late on all 12 months, then you will incur an extra late payment fee of 12% for that 12months.
THEIR CUSTOMER CARE NUMBER
In case you want to know more about the loan and repayments, or you are experiencing any technical difficulty with any of the GTBank apps, then you can contact the GTBank customer care number by dialing +234 700 4826 66328 or +234 1 448 0000.
Be aware that GTbank will charge a penalty of 1% for late payment fee for any month that you default the payment, though this is clearly stated in the bank’s terms and conditions, so ensure you go through it before applying for a loan.
Please note that if you don’t pay back your loan, the bank may contact a third party company who will harass you for their money.