The GTBank Student loan is one of the several loan options available from GTBank. It is intended to assist you in financing the payment of school expenses. GTBank’s loan program is one of the most popular sources of student loans in Nigeria.
What You Will Receive
You have access to up to N5 million for this GTB loan, with a maximum duration of 4 months per request.
Competitive interest rates combined with equal monthly payments
Immediate access to school fees money
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How to Get a GTBank Student Loan
Fill out and submit a loan application form.
Fill out an employer undertaking form.
Ensure that your employees’ terminal benefits are held with GTBank. Otherwise, you’ll need to secure a company guarantee.
Who Can Use The GTBank Student Loan Facility?
To be eligible for this loan, you must be employed by one of the following firms, government ministries, parastatals, or enterprises, and your pay account must be domiciled with GTBank.
How Are Student Loans Paid?
GTBank Student Loan
Once accepted, the loan is paid by direct transfer to the school’s bank account or by issuing a draft in the school’s name.
Student Loan Trust Fund – Easily apply for a student loan
Education is a critical component of a child’s childhood that serves to determine his or her destiny. However, as vital as a good education is, not everyone can afford it.
As a result, the government and other organizations have collaborated to develop projects that may grant student loans to people who cannot afford to pay for their education. One of these programs is the Student Loan Trust Fund (SLTF), which was formed to give loans to Ghanaian students enrolled in postsecondary schools.
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Student Loan Trust Fund (SLTF) Overview
STLF was established in December 2005 in accordance with Act 106 of the Trustee Incorporation Act of 1962. This project is basically governed by a Board of Trustees, which is made up of renowned persons from various backgrounds.
The Trust Fund’s primary goal is to give financial assistance to students in need. They primarily serve students by offering loans for higher education.
What are the services provided by the Student Loan Trust Fund (SLTF)?
The SLTF essentially provides financial services to students who want to attend a postsecondary institution in Ghana but cannot pay the school costs. This loan will cover your costs for a single session, and you must repay it when it is due. You have two years until you have to repay the debt that you borrowed.
Get a loan of up to N100,000 at the most competitive rates in Nigeria.
Did you know that you can now use our loan simulator to compare interest rates from several lenders and get the best deal? Making an educated loan selection necessitates analyzing several loan offers prior to making a commitment. Through our simulator, you may examine at a glance loan offers from many lenders in less than 5 minutes, allowing you to make the best selection for your finance. Try it right now.
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How can I apply for a Student Loan Trust Fund loan?
Follow the procedures below to apply for a loan using the SLTF platform:
1. First, get the software from the software Store or Google Play.
2. Then, launch the app and create an account by filling out the application form with your basic information.
3. After you have completed this satisfactorily, you may apply for a student loan. However, in order for your loan application to be approved, you must fulfill certain standards.
Alternatively, you may go to their website, www.sltf.gov.gh, make an account, and then follow the instructions.
What are the prerequisites for obtaining a loan from the Student Loan Trust Fund?
Remember to satisfy all of the following conditions before applying for the loan:
1. You must be a Ghanaian citizen and have been accepted by an official Ghanaian university.
2. A valid Ghana Card Number is required. This number is available for free at any authorised GRA office.
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3. You must be interested in pursuing a tertiary program, such as a first degree or certificate. You will also need an acceptance letter or a Student ID card.
4. An E-zwich Card, a registered and current phone number, and a valid email address.
How do I get the Student Loan Trust Fund app?
Follow the steps below to download the app and easily borrow a loan:
1. Open Google Play Store on your Android smartphone. If your smartphone is an iOS device, however, go to the App Store.
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2. Next, look for the “SLTF” app.
3. Finally, download the app and establish an account to make it easier to apply for a loan.
The Student Loan Trust Fund (SLTF) is only a vehicle through which you may borrow money to meet your educational expenses. You just apply for a student loan using their portal and wait for it to be granted.
However, in order for the platform to provide you loans, you must satisfy certain standards. Simply download their app from the Google Play Store or the App Store on your smartphone to have simple access to their loan.
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Using this platform, you may acquire a complete loan that is suited to your unique circumstances. Essentially, it enables you to evaluate loans from several lenders throughout Africa, ensuring that the best alternative is not overlooked.
GTBank Max Advance Loan: What You Should Know
The GTBank Max Advance loan is a form of GTB loan that is meant to give personal loans to workers of particular corporate and public companies whose pay accounts are held by GTBank.
This is a loan for many reasons. The main advantage is that it provides a flexible repayment schedule.
Documents Required for GTBank Max Advance Loan
A Max Advance loan application form that has been completed
An employee agreeing to keep your income and perks with GTBank.
Repayment and Interest Rate
The interest rate on your Max Advance loan is within 33.3% of your net monthly wage. Every month, you return the same amount of principle.
GTbank Salary Advance: What You Need to Know
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Guaranty Trust Bank (GTBank) has evolved into a key force in Nigeria’s financial industry since its inception in February 1991.
Guaranty Trust Bank, or GTBank, is one of Nigeria’s most famous banks. The bank is a significant supplier of financial services to the general public, delivering retail banking, investment options, and corporate banking, among other services to its large client base. One example is the lending and credit services it provides to its consumers.
Here we look at Guaranty Trust Bank Loans, namely the GTBank payday loan, and how to apply for them.
Concerning GTBank Salary Advance
The GTBank salary advance is a sort of GTB loan that is based on the Guaranty Trust bank’s payday or cash advance theme. A salary advance is similar to a payday loan.
With the GTBank salary advance loan, you may borrow up to 50% of your monthly pay to cover your financial and transactional demands. The loan term is up to 30 days, and you may apply on a monthly basis.
As previously said, a payday loan is an unsecured fast loan that does not need collateral for processing.
How Much Salary Advance Can GTBank Provide?
GT Salary Advance allows you to borrow a minimum of N 25,000 if you work in the public sector or N 50,000 if you work in the private sector. In terms of the maximum amount, money may be borrowed up to 50% of your monthly earnings.
How Long Does It Take To Apply For A Salary Advance With GTBank?
The application procedure takes just 24 hours, following which the money are disbursed.
Who Qualifies for a GTBank Salary Advance?
A GT Payday loan is available to anybody who is fully employed and can produce evidence of work as well as income documents. To be eligible for this loan, you must first be a GT bank client.
How to Apply for a Salary Advance from GTBank
To apply for the loan, go to GT Bank’s online banking platform or phone *737*8*2#. You may also go to any of the bank’s locations.
GTBank Non-Salary Earners Payday Loan Code
The QuickCredit lending plan is also offered at the bank for non-salary earners. QuickCredit’s shortcode is *737*51*51#.
You may apply for the QuickCredit as a non-salary earner as long as you make at least N10,000 per month.
GTB Loan: How To Borrow Money From GTBank, The GTB Loan Code, And Everything Else
GTBank provides a variety of loan options in Nigeria to meet both personal and commercial requirements. You may get perplexed when attempting to find the best match.
As a result, we’ve compiled a comprehensive overview of every GTB loan accessible and how to apply for any of them. Let’s get started, shall we?
This is a GTB loan that allows you to borrow up to 50% of your monthly pay. It is exclusively accessible to workers of private firms and government agencies who have salary accounts with GTBank. We have a piece that talks through the GTbank salary advance in detail. Look it up here.
How to Apply for a GTB Salary Advance from GTBank
There are three methods for applying for a GT Bank salary advance. They are as follows:
Make use of GTBank’s online banking platform.
*737*8*2# is the GTB loan code.
Visit any GTBank branch or ATM.
2. GTBank Advance on School Fees (GTBank Student Loan)
This GTB loan program, also known as the GTBank Student loan, allows you to pay school expenses for your child/ward. One of the primary requirements for obtaining this loan is that the institution be located in Nigeria.
This credit facility is offered to employees of commercial and governmental enterprises who have GT Bank pay accounts. For a more in-depth look at the student loan facility, see this article.
How to Apply for a GTBank Student Loan
Fill up and return an application form as well as an Employer undertaking form.
Provide the bill for school fees and credit insurance.
Ensure that your employees’ terminal benefits are domiciled in GTB.
Get a loan of up to N100,000 at the most competitive rates in Nigeria.
Did you know that you can now use our loan simulator to compare interest rates from several lenders and get the best deal?
Making an educated loan selection necessitates analyzing several loan offers prior to making a commitment. Through our simulator, you may examine at a glance loan offers from many lenders in less than 5 minutes, allowing you to make the best selection for your finance. Try it right now.
GTB Fast Credit Loan
Quick credit is a GTB loan for both salaried and self-employed individuals. The GTB rapid credit loan option allows you to get cash immediately and repay it over a period of 6 – 12 months at a rate of 1.33%.
We have a thorough evaluation of the GTBank Quickcredit facility that covers all you need to know. You can see it here.
How to Get a GTB Fast Credit Loan
*737*51*51# is the quickcredit GTB loan code.
Use one of GTBank’s online or mobile banking services.
MaxAdvance Loan from GTBank
The GTBank Max Advance Loan is a form of GTBank loan that gives loans to selected workers of commercial and public businesses who have GTBank payroll accounts. Learn more about the Max Advance loan by clicking here.
GTBank MaxPlus
MaxPlus is a GTB loan that offers a greater borrowing capacity as well as a simple repayment schedule. This is only accessible to platinum GTbank clients with salary accounts at the bank.
NYSC Loan Program: Scheme for Computer Acquisition
This is a NYSC lending program that provides loans to existing NYSC members to help them purchase mobile devices. These corps members’ allowance accounts must be domiciled with GTBank, and loan repayment must be completed during the service year.
How to Apply for the Computer Purchase Scheme
Fill up and submit an application form
Submit an Employer Commitment Form
Show documentation of GTBank domiciliation of your NYSC allowance.
Mortgage from GTBank
GTB Mortgage is a mortgage loan in Nigeria that gives loans to clients whose salary or company accounts are held by GTBank in order to assist them in purchasing a property.
The GTBank Mortgage Requirements
A filled-out application form
The title paperwork for the property
Offer letter from seller to sell property
Obtain an estate valuation report from a GTBank-approved estate valuer.
GTBank legal group’s search report
Premium Advance from GTBank
This is a revolving overdraft facility on your Debit Naira MasterCard.
Prerequisites for Obtaining a GTBank Premium Advance
Check to see if you are already a platinum client.
In the previous six months, your average monthly wage must not have been less than N1 million.
Furthermore, your yearly turnover must be less than N10 million.
Your salary account must have been with GTBank for the previous three months.
Travel Advance from GTBank
The GTBank Travel Advance is a loan intended to suit the travel demands of GTBank clients who have salary accounts with the bank. This loan may be used to pay for airline tickets, hotel reservations, airport pickup and transfer, excursions, and activities.
Vehicle Insurance Premium Financing from GTBank
The GTB auto loan allows salaried individuals and businesses with GTBank accounts to pay for their car insurance premium in advance and stretch the payments over a 12-month period.
Calculator for GTBank Loans
The GTBank loan calculator is an online tool that allows you to determine the amount of your loan payment. The loan payment will be determined by the kind of loan and the interest rate.
To use the loan calculator, enter your loan details (amount, interest rate, and payback duration). Following that, the calculator will assist you in calculating your monthly payments, total payments, and total interest payments.
A loan calculator is a useful tool. It allows you to make a better educated choice about which loan package is best for you.
Questions and Answers
Some of the most often asked questions are as follows:
What will happen if I am unable to pay back on time?
The specific penalty for failing to pay back on time is determined by your agreement. Penalties are often included in the loan terms and conditions and are enforced whenever a default occurs. Most lenders either raise lending rates or sell off collateral.
Loanspotafrica, on the other hand, do not need collateral and do not use force to enforce repayment after the deadline has passed. This is why they have a flexible repayment plan in place that assures you nearly never miss a payment date.
When I apply for a loan, what questions will I be asked?
When applying for a loan, lenders may question you anything about your finances, company, or lending aim. The inquiries normally revolve on these elements, which are crucial to the success of your loan application.
Modern lenders, such as loanspotafrica, require less inquiries and concentrate on providing loans to you as soon as possible.
How long will it take to get the funds?
This period is entirely determined by your lender. Expect the funds to be released within 24 hours after approval. Some are often faster than others, and if you desire a faster payout, loanspotafrica offers one of the quickest.
How much will I be able to borrow based on my salary?
This is determined by the lender in question. Most lenders prefer to lend money to those they know they can return in a timely manner. For example, if you apply for a payday loan, the lender may give you up to 50% of your monthly salary as a loan. Lenders often prefer borrowers with a substantial source of income or equivalent assets when making large loans.
You will not have to worry about your earnings if you choose to take out a loan with loanspotafrica. This is due to the fact that they provide something for everyone, including loans for individuals who do not have a source of income.
GTBank Quick Credit – What You Should Know
Getting a loan was never easy until the likes of GT Bank’s Quick credit and other platforms where you can acquire a rapid online loan in Nigeria today came into play.
In the past, asking commercial banks for a loan was a time-consuming process. From presenting various paperwork to persuading someone to act as a guarantee and risks having your request denied. Thank god for technology, which has made all of these complex tasks more fun by simplifying them.
What exactly is quick credit?
Quick credit is a GTBank payday lending product available to salary and non-salary account customers. It is a GTB loan with a minimum loan amount of N10,000, a maximum loan amount of N500,000 for non-salary holders, and a loan limit of N5 million for salary holders.
How Can I Get A Fast Credit From GTBank?
To get a rapid credit from GTBank, follow the procedures below:
Utilize an Internet banking platform.
Make use of the GTBank Mobile app.
*737*51*51# (See also other USSD codes for loans in Nigeria)
How Do I Determine If I Am Eligible for Quick Credit?
You must be a current GTBank client with a monthly net income of at least N20,000 to be eligible for this loan. You must also have a good credit score and no outstanding debts.
Why Should I Choose Quick Credit Over Other Loan Options?
When compared to other loan products, quick credit offers one of the lowest interest rates. With a monthly interest rate of 1.33% and a maximum duration of 12 months, it is simple to understand why it is popular among lending facility users.
However, if you fail to make a payment, a 1% interest rate is charged to your loan. You may use our site to compare loans from numerous lenders in minutes to determine what best meets your requirements for a more complete and educated choice.
Non-Salary Earners Can Get Quick Credit
GTBank has created a loan product for small enterprises, similar to the one for salary and non-salary workers. Quick lending for small enterprises provides SMEs with soft loans to help them conduct their day-to-day operations efficiently. This loan product provides funding to SMEs in the education and healthcare industries.
Get a loan of up to N100,000 at the most competitive rates in Nigeria.
With our loan simulator, you can now compare interest rates from several lenders and get the best offer. Making an educated loan selection necessitates analyzing several loan offers prior to making a commitment.
Through our simulator, you may examine at a glance loan offers from many lenders in less than 5 minutes, allowing you to make the best selection for your finance. Try it right now.
Quick Credit Benefits for Small Businesses and Non-Salary Earners
It is quite similar to the standard Quick credit product but has a unique function.
Customers that have been prequalified are eligible for the loan.
Customers get a 6-month loan term. Schools, on the other hand, have 12 months.
It has distinct rates for the two sectors it focuses on: education (1.33% each month) and healthcare (1.75%).
Customers may obtain 50% of their average yearly revenue.
Customers may create a corporate account as well. Before applying for a Quick credit facility, they should have utilized this account for at least 12 months.
The loan amount might range between N250,000.00 and N5,000,000.00.
Customers get their cash quickly, just like with the ordinary Quick credit offer. Another significant advantage is the company’s flexible payment arrangements. Monthly interest payments and quarterly principle repayments are possible. Please keep in mind that the quarterly payback option is only available to firms in the Education field. You cannot apply if you already have a loan with another commercial bank.
