Guaranty Trust Bank is a leading African Bank that offers Online/Internet Banking, Retail Banking, Corporate Banking, Investment Banking and Asset management and payments services.
Check your eligibility, select a channel (mobile app, internet banking, or USSD code), wait for approval (usually 5 minutes), and choose a repayment option from the bank’s list of options in order to borrow money from GTBank.
What is Gtbank?
Guaranty Trust Bank, or GTBank, is a financial services firm with its headquarters located in Lagos, Nigeria. Since its founding in 1990, it has developed into a global organization renowned for its services in asset management, banking, payments, and pension management.
It changed its name to Guaranty Trust Holding Company PLC in 2021 and started to offer more services. Offering a wide range of banking services and pioneering digital solutions like online and SMS banking, GTBank stands out for its inventiveness.
Due to its listing on the Deutsche Börse and London Stock Exchange, it became well-known worldwide. In addition to banking, GTBank engages in CSR with an emphasis on cultural events, education, and autism awareness. The bank has won multiple accolades in recognition of its outstanding work in digital banking, leadership, and innovation.
How to Borrow Money From Gtbank?
To borrow money from GTBank, follow these simple steps:
Check Eligibility: Ensure you meet the bank’s criteria, like having a clean financial history, satisfactory credit reports, a minimum monthly lodgement of N20,000, or a net monthly salary of N10,000.
Choose a Channel: Mobile App: Download and install the GTBank Mobile App. Log in and find the “Loans” or “Quick Credit” section. Follow the prompts to provide necessary details.
Internet Banking: Log in to GTBank’s Internet banking platform. Look for “Loans” or “Quick Credit” and complete the application form.
USSD Code: Dial 73751*51# and follow the instructions to request your desired loan amount.
Wait for Approval: It typically takes around 5 minutes for loan approval. Once approved, the funds will be quickly disbursed to your GTBank account.
Repayment Options: Choose from various options, such as salary deductions, direct debits, or manual payments at GTBank branches.
Recall that you can use this service to borrow up to N500,000 with a flexible repayment period, and it is available to both salary and non-salary account holders.
Gtbank History
The establishment of Guaranty Trust Bank (GTBank) in Lagos, Nigeria in 1990 marked the beginning of GTBank’s history. It was first established as a limited liability company and started operations in 1991 after obtaining a banking license.
With time, GTBank broadened the scope of its offerings, setting up shop in several Nigerian cities and, in 2003, establishing subsidiaries in the Gambia and Sierra Leone. Reaching a historic first, it was the first bank from Sub-Saharan Africa to be listed on the London Stock Exchange in 2007.
The bank kept expanding, and in 2013 it bought a 70% stake in Fina Bank Group. Following a corporate restructuring in 2021, GTBank became Guaranty Trust Holding Company PLC, providing a wider array of financial services than just traditional banking. The bank has been recognized for its innovation and excellence in the financial sector with awards on a regular basis.
Gtbank Services
In order to meet a variety of financial needs, GTBank provides a range of services. Traditional banking is one of these services; clients can open accounts, make deposits, and take money out. In order to make transactions and bill settlement easier for its clients, the bank also processes payments.
Additionally, GTBank manages pensions, helping people to prepare for their later years. Through a variety of investment options, asset management is another essential service that aids clients in protecting and increasing their wealth.
GTBank’s services go beyond simple banking and are designed to offer complete financial solutions that improve clients’ overall financial health. GTBank is a one-stop shop for all financial needs, from daily transactions to long-term financial planning, thanks to its wide range of service offerings.
Gtbank Products
- Retail Banking:
Services tailored for individual customers.
Includes savings and checking accounts.
- Commercial Banking:
Designed for businesses and enterprises.
Offers business accounts and financial solutions.
- Corporate Banking:
Geared towards large corporations.
Provides specialized financial services for corporate entities.
These product categories showcase GTBank’s commitment to serving a broad spectrum of clients, from individuals to businesses and large corporations, with a diverse range of financial products and services.
How to Borrow Money From Gtbank- FAQs
What is GTBank’s history?
GTBank was established in Lagos in 1990 and has since grown, reaching significant milestones such as being listed on the London Stock Exchange and going through a corporate reorganization in 2021.
What services does GTBank offer?
With the goal of fully addressing a range of financial needs, GTBank offers banking, asset management, pension, and payment facilitation services.
What are GTBank’s main products?
In addition to a variety of banking services and payment options, GTBank provides corporate banking for major corporations, retail banking for individuals, and commercial banking for businesses.
How can I borrow money from GTBank?
Determine your eligibility, pick a payment option, wait for approval (usually five minutes), and select a channel (mobile app, internet banking, USSD code).
What sets GTBank apart?
GTBank is distinguished by its creativity, global renown, CSR initiatives in fields like autism education and awareness, and multiple accolades for distinction in digital banking.
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