The GTB car loan is a GTBank loan that allows corporate entities and salaried individuals with GTBank accounts to pay their vehicle insurance premium in advance and repay the loan over a 12-month period.

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What You Obtain

1.Immediately accessible funds to cover your insurance premium
2.Monthly payment options for automobile insurance premiums
3.A type of insurance that does not necessitate your physical presence at an insurance office.

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Features

• As an individual, you can get access to between N20,000 to N1 million while corporate organizations can get between N20,000 to N5 million
• The loan has a maximum tenor of 1 year
• The loan interest rate is 1.67% monthly
• There’s an equity contribution of 20% of your total insurance premium cost
• There’s a 1% one-off flat fee

How to Apply for a GTB Automobile Loan

You can apply for the GTBank car loan using either the internet banking platform or the GAPS/GAPS Lite.

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Using the GAPS/ GAPS Lite:

1.Your loan is immediately available.
2.Your auto insurance processes your insurance policy within 48 hours
3.A digital copy of your insurance certificate is emailed to you.
4.The loan is repaid on a monthly basis.