Since it began operations in February 1991, Guaranty Trust Bank (GTBank) in Nigeria has developed into a significant financial institution.

GTBank or Guaranty Trust Bank is one of Nigeria's most prominent institutions. The bank is a prominent provider of financial services to the general public, offering, among other services, retail banking, investment opportunities, and corporate banking to its numerous customers. It provides its customers with loan and credit facilities as an additional service.

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How to apply for Guaranty Trust Bank Loans and the GTBank Payday Loan in particular is discussed in this article.

Concerning GTBank Salary Advance

The GTBank salary advance is a type of loan provided by Guaranty Trust bank that is founded on the concept of a payday loan or cash advance. The advance on wages is identical to a payday loan.

With a salary advance loan from GTBank, you can receive up to 50 percent of your salary before the end of the month to meet your financial and transactional requirements. You can apply monthly for a loan with a maximum term of 30 days.

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As mentioned previously, the payday loan is an unsecured immediate loan, and therefore processing does not require collateral.                                                   

How Much Can You Receive in a Pay Advance from GTBank?

GT Salary Advance allows you to borrow a minimum of N 25,000 if you're a government employee and N 50,000 if you're in the private sector. As for the maximum sum, it is possible to borrow up to fifty percent of your monthly income.

How Long Does It Take To Submit An Application For A GTBank Salary Advance?

The application process takes only 24 hours, after which the funds are disbursed.

Who Qualifies for a Paycheck Advance from GTBank?

A GT Payday loan is available to anyone who is gainfully employed and can provide proof of employment and their income statements. To be eligible for this loan, you must be a GT bank customer.

Instructions For Applying For The GTBank Salary Advance

You can request for the loan through the internet banking platform of GT Bank or by dialing *737*8*2#. Additionally, you can visit any of the bank's branches.

Non-Wage Earners' GTBank Payday Loan Code

Under the QuickCredit loan program, the bank also provides loans to non-salaried individuals. QuickCredit's brief code is *737*51*51#.

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You can register for the QuickCredit as a non-salaried employee as long as your monthly income is at least N10,000.

Conclusion

Before applying for any type of loan from a bank, there are certain factors to consider.

However, if you are ever in a financial predicament and need assistance, you can obtain it through the GTBank payday loan platform if you are a Guaranty Trust Bank customer. Check out our articles on other commercial bank loans, such as the Zenith Bank loan