How To Pay Back GTB Salary Advance Loan

Guaranty Trust Bank (GTB) salary advance loan has indeed come through for a lot of salary earners intending to settle one emergency bill or the other before getting their pay at the end of the month.

The salary advance loan allows salary earners that are banking with Guaranty Trust Bank (GTB) to get an upfront payment of up to 50% of their net salary.

Now the question is how to repay or pay back Guaranty Trust Bank (GTB).

See also: How To Repay Migo Loan With Quickteller

Steps On How To Pay Back Your GTB Salary Advance Loan

You can pay back your GTB salary advance loan via USSD code or mobile app.

USSD code method:

1. Dial *737*0#

2. Select option 4 (replacement)

3. Select option 2 (close credit)

4. Enter pin to authenticate the transaction

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Mobile app method:

1. Log in to your mobile app with your user ID and password

2. Click quick loan

3. Choose quick loan

4. Choose salary advance

5. Select repay loan

6. Enter pin to authenticate the transaction

Within 1 to 2 mins, you will receive a notification confirming your transaction is successful.

Also, since the loan is taken with your salary account, a repayment will be made automatically once your next salary is credited.

See also: How Do I Qualify For FCMB Fast Cash Loan?

About GTB Salary Advance Loan

The Guaranty Trust Bank (GTB) salary advance loan is a loan package specially created for salary earners that have an urgent need to settle before their next salary comes in.

The maximum amount available to be borrowed by each salary earner is subject to the salary earner’s net income. i.e you are only allowed to borrow 50% of your monthly net salary.

See also: How To Apply, Repay & Extend Your Migo Loan

Features Of GTB Salary Advance Loan

1. Up to 50% of net monthly salary in advance

2. Tenor of 30 days (can be renewable monthly)

3. No collateral required

4. Monthly interest of 1.75%

5. Minimum salary of N25,000 for public sector employees and N50,000 for private-sector employees

6. Minimum loan request of N10,000

7. Maximum loan request of N5million

8. Salary advance will be made available within 24 hours

Originally posted on June 30, 2021 @ 11:22 pm