Vehicle insurance and Loan from Guaranty Trust Bank (GTB) 2024
GTBank Vehicle Insurance Premium Financing
Vehicle Insurance Premium Financing is a term loan that enables corporate organizations (with GAP access) and salary owners (whose accounts are with GTBank) to pay their motor insurance premiums in advance and spread the repayment over a 12-month period.
Guaranty Trust Bank PLC (GTBank) is known for financial services. It offers many financial products. These are for different people and organizations. GTBank is a big financial group. Its main office is in Lagos, Nigeria. It also has offices in many countries.
GTBank Salary Advance With a salary advance loan, you can get up to 50% of your net monthly salary in advance. This loan plan is available for employees of private companies and government agencies who have active salary accounts with GTBank.
Benefits of Vehicle Insurance Premium Financing
• Loan amount for individuals ranges between #20,000 and #1 million, and for corporates, between #20,000 and #5 million.
• Immediate availability of funds for insurance premium payment.
• Opportunity to pay insurance premiums on a monthly basis.
• Insurance cover without physically being present at the insurance office.
How to Apply for Vehicle Insurance Premium Financing
You can apply for Vehicle Insurance Premium Financing either through Internet Banking or GAPS.
To apply via Internet Banking, simply click on the Sign On menu, then Insurance Loan, and finally Vehicle Insurance.
For applying through GAPs/GAPs Lite, follow these steps:
Sign On – Single Transaction – Collections – Insurance Loan – Vehicle Insurance Leadway.
Benefits of Salary Advance
• Advance up to 50% of net monthly salary.
• 30-day period, renewable monthly.
• No collateral required.
• Minimum salary for public sector employees is #25,000 and for private sector employees is #50,000.
• Salary advance available within 24 hours.
How to Apply for GTBank Salary Advance
You can apply through any of these three methods:
Log in to internet banking.
Dial 7378*2# to apply.
Visit any GTBank branch or ATM.
GTBank School Fees Advance
The school fees advance is a loan facility designed to finance the payment of your child/ward’s school fees for schools/institutions in Nigeria. It’s available for employees of public and prestigious private organizations whose salaries are domiciled with GTBank.
Quick Credit
With GTBank Quick Credit, salaried or self-employed individuals can get the cash they need instantly and pay it back within 6 to 12 months. With Quick Credit, you can get up to N5 million at a monthly interest rate of 1.33%, without any hidden charges. Dial 73751*51# to confirm if you are eligible for quick credit.
Benefits of Quick Credit Loan
• If eligible, you can get between N500,000 – 5 million.
• Convenient repayment plan spread over 6-12 months.
• Monthly interest rate of 1.33%.
How to Apply for GTBank Quick Credit
There are two ways to apply:
• Dial 73751*51# for an instant quick credit request.
• Quick Credit is also available on all GTBank online and mobile banking platforms (Internet Banking, GTWorld, GTBank Mobile App, and Habari App).
GT Mortgage
GTMortgage is a loan scheme designed to enable GTBank customers to purchase homes in selected cities across the country. It is available only for customers whose salaries or business incomes are domiciled with the bank.
Benefits of GT Mortgage
• For low-density residential areas in Abuja and Lagos, the facility amount ranges between #5 million and #150 million.
• For medium-density residential areas in Abuja, Lagos, and other state capitals, the facility amount ranges between #5 million and #50 million.
• The duration is up to 20 years (subject to a maximum age of 55 years at loan maturity).
How to Apply for GT Mortgage
To apply for GT Mortgage, you need:
• A completed application form.
• Title documents of the property.
• Offer letter to sell the property from the seller.
• Valuation report from a bank-approved property valuer.
• Search report from GTBank Legal Group.
You can apply at the nearest GTBank branch location.