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Code to Liquidate GTBank Quick Credit Loan in Nigeria

By Oluchukwu Ikemefuna

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You’ve come to the correct place if you’re looking for information on how to liquidate a GTBank quick credit loan.

With GTBank Fast Credit, customers can apply for personal loans up to $5 million and repay them within a set period of time, usually 12 months.

For people who are employed, this loan is great because they can make their payments within the allotted period. However, GTBank allows you to remove your debt from liquidation before it expires, and the liquidation process is fee-free.

Customers who qualify for a GTBank Quick Credit loan can obtain personal loans up to 5 million Naira, with repayment terms typically spanning 12 months.

For those who are salaried, this loan is ideal since they can comfortably repay it within the allotted time. However, GTBank does not impose any penalties on you in the event that you choose to liquidate your loan prior to its expiration date.

In this article, we will examine all you need to know about the code to liquidate gtbank quick credit loan in Nigeria. Let get right in.

see also: Easy Loan: How to Easily Apply

What is loan liquidation?

Repaying a debt obtained from a financial organization such as GTBank is the main goal of loan liquidation. There are various sorts of liquidation. For example, you may choose to pay off a loan whole or in part. If a client chooses to settle a loan they obtained from GTBank, it is not regarded as a default. 

The procedure will go without any problems until the loan is successfully repaid, and the bank does not impose any penalties. Additionally, liquidating a GTBank Quick credit loan happens quickly.

see also: Shika Loan App: How to Apply

How to Liquidate GTBank Quick credit loan

Here is a guidance on how to liquidate your GTBank Quick Credit loan if you have already acquired one.


Remember that you can apply for a quick credit loan using the GTBank USSD. The code to liquidate gtbank quick credit loan is *737*51*55#. All you have to do is dial on your phone, then proceed by following all the instructions and entering the necessary data. To finish your request, you’ll need to input your 737 pin. Most GTBank clients can still use the code to liquidate gtbank quick credit loan even if they don’t have a smartphone for things like internet access.

2. Internet banking

Get on the GTBank online banking portal by entering your login credentials. When opening an account, the bank frequently provides information for online banking. If it wasn’t made when the account was opened, you can always ask the bank for the information. Using the bank’s mobile app or website, you can access your online banking dashboard.

Click loan liquidation after selecting investment after logging in. You can choose the loan you wish to liquidate by checking the loan liquidation request box. There will be a hidden question that you must respond to after this. It serves as a method of user authentication to make sure you are the account’s legitimate owner.

Once the question is answered, a token will be created and mailed to you. Enter the code, and press submit to liquidate your loan.

3. Visit GTBank

At each GTBank branch, customer care representatives are on hand to assist you with your needs during business hours. Notify the nearest GTBank branch that the loan is going to be repaid. Your loan will be liquidated shortly after your request has been processed.

One of Nigeria’s most respected commercial banks, Guarantee Trust Bank (GTB), has locations all over the nation. The bank offers a wide range of financial services to its large clientele. GTBank offers its clients a range of credit options. There are numerous ways to apply for the different kinds of loans that GTBank offers. Specifically, GTBank provides a lending programme known as Quick loan

It is a personal loan intended for those with steady incomes. Customers who take out this loan can get large sums of money that have to be repaid within a set period of time. Nevertheless, some bank clients who benefited from this loan can decide not to keep it for the allotted period of time, perhaps due to financial plans they have in mind. When they are unable to repay the debt by the deadline, liquidation may be necessary.

Code to liquidate Gtbank quick credit loan

Using the USSD code is an alternative to applying for this loan through the mobile app. This is for those without an internet-connected device or the GTBank mobile app. Use this code to liquidate gtbank Quick Credit loan by following the instructions below.

  • Enter *737*51*51#.
  • It displays your eligibility status.
  • If so, apply for a Quick Credit loan by following the instructions.

That covers the majority of the information required to liquidate a GTBank quick credit loan.

Some of the Benefits of GTBank Quick Credit Loan

The following are some advantages of the Quick Credit loan, per the GTBank website:

  • Get loans worth up to three times your monthly income.
  • Easy repayment schedule with a maximum 12-month term
  • Presumption is permitted without incurring penalties.
  • 1.5% interest rate each month; this is one of the lowest rates on loans accessible.

see also: Shika USSD Code and Loan Application

How to Apply for Quick Credit Loans

To qualify to apply for Quick Credit you must be a GTBank customer and have an active account. You can request for Quick Credit via USSD code by dialing *737*51*51# on your mobile phone or you can access Quick Credit through online and mobile banking channels (including the GTWorld and GTBank mobile apps).

GTBank Quick Credit Loan Eligibility

Before becoming eligible for a Quick Credit loan, a GTBank customer must fulfil a few requirements. One of them is making a minimum net salary of N10,000 per month or keeping a minimum monthly lodgement of N20,000.

Other factors include the customer’s credit record being satisfactory, their lack of past due debts, and their history of writing bad checks.

What is the duration of the GTBank QuickCredit Loan?

After your application is approved and funds are disbursed, you have six to twelve months to repay your GTBank Quick Credit loan through internet banking, a mobile app, or the USSD code. Therefore, make sure to return the money you borrow within this time frame.

What is the gtbank Quick Credit Loan Interest rate?

The GTBank Quick Credit loan has a monthly interest rate of 1.33% of the amount you borrow upfront. In other words, the interest you would pay on a loan of 5 million Naira—the maximum amount eligible for Quick Credit—would be equal to the interest rate times the loan tenure, which is a maximum of 12 months.

Furthermore, take notice that there will be a 1% credit insurance cost. This has a single charge.

see also – USSD Codes for Union Bank, Polaris, First Bank & Zenith

How to Apply for GTBank Quick Credit on GT Mobile App

You can borrow money from GTBank using the GT mobile app in addition to the USSD code. The necessary actions to apply for and obtain a Quick Credit loan are listed below.

  • Open the GTBank mobile app, then log in with your credentials.
  • Choose Quick Loans by tapping the Option symbol.
  • Press Fast Credit
  • Choose Loan tenor after entering the loan amount.
  • Put in your password or transaction PIN.
  • Select Accept Now once you have read the terms and conditions.
  • We’ll process your Quick Credit loan right away.

How to Apply for GTBank Quick Credit using Internet Banking

You can also use internet banking to borrow this fast money from GTBank. The necessary actions to apply for and obtain a Quick Credit loan are listed below.

  • Enter your login information and log in to GTBank’s online banking.
  • After selecting the Navigation symbol, select Quick Loans.
  • After selecting Quick Credit, select New Request.
  • Once you’ve chosen an account to credit, click Determine Eligibility.
  • Choose Loan Tenor: Agree with Terms and Conditions after entering the loan amount.
  • After providing your secret question, click “Continue.”
  • Put your token code here.
  • We’ll process your Quick Credit loan right away.

Other things you need to know about GTBank Quick Credit

  • The eligibility age for the loan is 18 to 59 years old. 
  • You can apply for Quick Credit even if you have existing loans with other financial institutions. The lowest loan amount is N5,000. 
  • The maximum loan amount is N5 million for salary earners and N500,000 for non-salary earners. 
  • There is a one-time credit insurance charge of 1% on every loan.

see also: Latest SASSA SRD Contact Channels for Quick Help

How to Pay back GTBank Quick Credit Loan

Repaying a debt with Quick Credit is simple.

The entire monthly payment for the loan, including interest, will be deducted by GTBank from your account balance at the end of each month.

By accessing the loans page on your GTBank or GTWorld app, choosing Quick Credit, and then selecting liquidate, you can also pay off the entire debt. The loan is repaid once you have sufficient funds in your account to cover its costs.

The amount you can borrow rises as you make timely repayments on your GTBank Quick credit loan.


How can I check the outstanding balance on my GTBank Quick Credit loan?

You can easily check your loan balance by logging into your GTBank online banking account or using the GTBank mobile banking app.

What are the available methods for repaying my GTBank Quick Credit loan?

You can repay your GTBank Quick Credit loan through various methods, including transferring funds from your GTBank savings or current account, using the GTBank mobile banking app, or visiting a GTBank branch.

Are there any prepayment penalties or fees for liquidating my GTBank Quick Credit loan early?

GTBank typically does not charge prepayment penalties for early loan repayment. However, it’s essential to review your loan agreement for any applicable fees.

Can I repay my GTBank Quick Credit loan using funds from another bank?

Yes, you can use funds from another bank to repay your GTBank Quick Credit loan. Simply initiate a transfer from your external bank account to your GTBank loan account.

How long does it take for the repayment to reflect on my GTBank Quick Credit loan account?

 Repayments made through GTBank channels such as online banking, mobile banking, or branch deposits typically reflect on your loan account instantly or within a few hours.

What should I do if I encounter difficulties in repaying my GTBank Quick Credit loan?

 If you encounter any difficulties in repaying your loan, contact GTBank’s customer service immediately to discuss available options and avoid potential consequences such as late fees or negative credit reporting.

Can I partially repay my GTBank Quick Credit loan?

Yes, you can make partial repayments towards your GTBank Quick Credit loan. Simply specify the amount you wish to repay, and the remaining balance will continue to accrue interest until fully paid off.


 In conclusion, understanding the process of using the code to liquidate GTBank Quick Credit loan is essential for borrowers to manage their financial obligations effectively. By addressing common questions and concerns through these FAQs, borrowers gain clarity on repayment methods, potential fees, and available support channels. 

With clear communication and adherence to repayment deadlines, borrowers can successfully navigate the loan liquidation process and maintain positive financial standing. 

GTBank’s commitment to providing transparent information and accessible customer service ensures a smooth experience for borrowers seeking to settle their Quick Credit loans and achieve financial stability.

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Oluwatobi Olowe
Oluwatobi Olowe

Tobi Olowe has over 3 years of experience as a content writer specializing in Tech discoveries, site optimization, building content that rank well and boosting overall site performance.

Articles: 101

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