How to Borrow Money from GTBank Using USSD Code | A Step-by-Step Guide

Emergencies do not cease, do they? 

You think you are financially settled for the month, and then, boom—something pops up to interrupt your comfort. 

Something you did not plan for. And yet, you must squeeze out the funds for it. 

It happens. Life happens. 

And that’s why fast digital loans are much appreciated. 

GTBank is one of the commercial banks in Nigeria that offers quick loan services to its customers. Want to know how to access it? 

Today, we shall discuss the code to borrow money from GTBank in Nigeria, and how to borrow money from GTB with USSD. 

About GTB

Guaranty Trust Bank Plc (GTBank or GTB) was incorporated and licensed in 1990. 

Today, they have subsidiaries in Ghana, Kenya, Côte D’Ivoire, Liberia, the UK, etc., with over 10,000 employees in Nigeria alone. 

GTBank boasts several recognitions and awards. 

They are constantly rewarded for their commitment to quality delivery, efficiency, innovation, quick service, and other undeniable attributes. 

Among the financial services it provides, GTB offers loans to its customers. 

Also read: How to Fund Bet9ja Account with USSD Code, ATM, Transfer, and GTBank

Features of GTBank Loans

Some common features that define GTB loans are: 

• The code to borrow money from GTBank is *737*51*51# for GT Quick Credit, and *737*8*2# for GT Salary Advance. You can also liquidate GT Quick Credit with a code.
• GTB do not require collateral for their Quick Credit and Salary Advance, making these loans unsecured, as finance specialists would put it.
• There are various loan options to choose from 
• GTB loans come with long repayment terms

Comprehensive List of GTBank Loan Types 

GTBank has different loan options for customers to choose from.

GTB designed each loan type to meet specific financial needs. 

Below are the loan options available to GTB customers: 

Loan Type	Max Loan Amount	Advantages
School Fees Advance	₦5 Million	Your loan will be advanced immediately once approved.
Salary Advance	Up to 50% of your monthly salary	The loan is advanced within 24 hours, with no collateral required.
Quick Credit	₦5 Million	You can borrow up to ×3 of your monthly salary.
Max Advance	₦10 Million	Up to 48 months repayment term.
Max Plus	₦60 MIllion	Up to 60 months repayment term.
Computer Advance	₦60,000	Available to current Corps members with a GTBank account.
Premium Advance	₦`1 Million	Low interest rates.
GT Mortgage	₦150 Million	Up to 20 years of repayment tenor.
Vehicle Insurance	₦1 Million (Individuals), ₦5 Million (Corporate)	Your loan will be advanced immediately once approved.

GTB loans are easily accessible. 

Users can do most of the applications online. 

There is a lot to know about GTB loans. Ensure you do research and choose the best option for your financial needs. One of the places you can access quality information about loan options that are available in Nigeria is the investment section on our site.

Also read: GTB USSD Code for Airtime, Transfer, & Mobile Banking

How to Borrow Money From GTB With USSD

The GTBank USSD code (*737#) makes it easy for customers to bank on the go. You can buy airtime with the code, buy data, transfer funds, pay bills, and more. 

This section will focus on how to borrow money from GTB with USSD. 

The GTB loans available on USSD are: 

• GT Salary Advance
• GTB Quick Credit 

The code to borrow money from GTBank is *737*51*51# for GT Quick Credit and *737*8*2# for GT Salary Advance.

Follow the simple steps below to borrow money from GTB with USSD: 

1. Dial any of the codes using the number linked to your GTB account
2. The command will display the amount you are eligible for
3. Click “Accept”
4. Follow the next few given prompts 
5. Submit relevant documents
6. Wait for your loan to be approved or disbursed.

But it’s not enough to know how to borrow money from GTB with USSD—you must also understand how to strengthen your loan application.

A strong loan application guarantees approval. In the next section, we will explore the complete process involved in your GTB loan application.

Also read: GTBank is Set to Raise $750 Million to Meet New CBN’s Capital Requirement

The Complete Process—How to Borrow Money From GTB With USSD

Taking a loan goes beyond dialling the loan code or filling out the application form—it is important to understand the entire process. 

Preparing well and understanding how to respond to the application questions will greatly boost your chances of securing the loan. 

In the previous section, we revealed how to borrow money from GTB with USSD. Those were just the simple steps. 

Now, let’s dive into the main step-by-step guide. We will fully explore how to borrow money from GTB with USSD—from preparation to submission.

#1: Check Your Eligibility 

It is important to check your eligibility before you borrow money from GTB with USSD. 

The eligibility requirements for GTB Quick Credit include: 

• If your salary is 100k or more, you must have received a salary from the same employer for the past six (6) months. If your salary is less than 100k, you must have received salary from the same employer for at least 12 months.
• You must be a citizen of Nigeria or a resident, with a valid means of identification
• You must be between 18 and 59 years old from the application to the maturity date.
• You must have a salary account, active for up to twelve (12) months.
• You must have an active phone number linked to your GTB account 
• You must have no history of dud cheques or unpaid obligations 
• You must have a Bank Verification Number (BVN)
• You must have a reputable credit history

The eligibility requirements for GT Salary Advance include:

• You must have a minimum monthly salary of 25k (government employees) and 50k (private sector employees) from the same employer
• You must be a citizen of Nigeria or a resident with a valid means of identification
• You must have an active phone number linked to your GTB account 
• You must have a Bank Verification Number (BVN)
• You must have a reputable credit history

Also read: Latest Update on How to Get your GTBank SWIFT Code, Sort Code, and IBAN Code for International Money Transfer

#2: Read The Loan Terms And Conditions 

Before you borrow money from GTB, it is important to understand and agree with the loan terms and conditions. 

Some of the terms for GTB Quick Credit are: 

• GTB will deduct the repayment sum and interest rate from your salary account for the repayment term. Note that your monthly repayment sum must be equal, and not paid in instalments. 
• GTB may exchange information with your employer based on non-payment or delayed payments, as they deem fit.
• You are not allowed to take other credits that may affect your repayment of the GTB Quick Credit.
• This credit facility comes with interest rates. An additional 1% interest rate will be added to outstanding payments, charged per each default month. 

To read the complete terms and conditions for GTB’s Quick Loan, click here. 

#3: Gather Relevant Documents and Other Necessities 

GTB may ask you to submit some documents to facilitate your loan application process. 

The paperwork for quick loans is usually minimal. All you need are:

• Proof of monthly income 
• Proof of Nigerian citizenship or residency (Valid ID)
• Bank Verification Number 

Finally, ensure you have an active phone number linked to your GTB account. Your mobile network should be stable, to avoid disruptions. 

#5: Apply for the Loan 

The next and final step is to make your loan application. 

The code to borrow from GTBank is *737*51*51# for Quick Credit, and *737*8*2# for Salary Advance.

Here is how to borrow money from GTB with USSD:

1. Dial the code to borrow money from GTBank, using the number linked to your GTB account
2. You will see the amount you are eligible for—Click “Accept”
3. Follow the next few given prompts 
4. Submit relevant documents
5. Wait for your loan to be approved or disbursed.

GTB will transfer the funds to your account once they approve your loan application. This should only take a few minutes. 

If you encounter challenges during your loan application, call or text GT Connect at +2342014480000. 

Also read: USSD codes for GTB, FCMB, UBA, Access and Fidelity Bank

Advantages of GTB Loans 

GTB loans are gaining popularity among customers. 

Some of the advantages of the GTB loans include: 

• GTB loans come with long repayment terms, giving you enough time to clear your debt. 
• With GTB loans, you can access your funds almost immediately
• GTB has a variety of loan options for customers to choose from
• Minimal paperwork is required for GTB quick loans
• No collateral is required for GTB quick loans 
• GTB loans are reliable and secure.
• GTB loans have fair interest rates.

Common Issues and Solutions on How to Borrow Money From GTB With USSD 

Here are solutions to some common challenges that Nigerians usually face while trying to borrow money from GTBank:

Code to Borrow Money From GTBank in Nigeria—“You are Yet to Be Pre-qualified…”

The code to borrow money from GTBank in Nigeria is as follows: 

• *737*51*51# for GT Quick Credit 
• or *737*8*2# for GT Salary Advance

If you dial the code to borrow money From GTBank and you get an error message stating “You are yet to be prequalified…,” your options are to: 

• Send a mail to gtbankmailsupport@gtbank.com, from your registered email address 
• Call GTConnect on 08039003900, 08029002900, or 08139856000
• Contact your account office

How to Borrow Money From GTB Bank Online

Borrowing money on the GTBank app is as easy as USSD.

Download the GTB app, register and follow the loan application process: 

1. Log in to your GTB Bank account.
2. Click “Products” on the homepage.
3. Click “Apply for Loan”
4. Choose between Quick Credit and Salary Advance.
5. Enter the loan amount and other required information
6. Wait for the interest rate to be calculated.
7. Study and accept the terms and conditions of the loan and submit the application. 
8. Your application will be reviewed and they will notify you of its approval or rejection.

Like with USSD, only Quick Credit and Salary Advance are available on the GTBank App. 

How to Qualify for GTB Loan Online Without Salary Account?

No GTB loan is available to customers without an active GTB salary account. All GTB loans require customers to have salary accounts domiciled with the Bank.

Frequently Asked Questions 

Conclusion: Easy Loans For GTBank Customers 

So whether it’s a vehicle, home, or a family emergency, GT’s quick loans are always available for customers. 

And if you have yet to open a GTB account, the process is easy and convenient. 

Open a salary account with GTBank today to start accessing easy loans.

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References

• www.gtbank.com – Personal Loans
• www.gtbank.com – About Us