Loans & Grants

GTBank Max Advance Loan: Everything You Need To Know

The GTBank Max Advance Loan is a personal loan product offered by GTBank to staff of approved corporate organizations and civil servants whose salary accounts are domiciled with the bank. The loan is available for any purpose, and the amount you can borrow depends on your salary and the repayment period you choose.

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Documents Required To Access The GTBank Max Advance Loan

  • Application form: You can download the application form from the GTBank website or request it from your Relationship Manager.
  • Employee Undertaking to Domicile Salary and Terminal Benefits: This document is a legal agreement that you sign, stating that you will domicile your salary and terminal benefits with GTBank for the duration of the loan.
  • Two recent passport-sized photographs: The photographs must be clear and recent.
  • Copy of your national identity card or passport: The document must be valid and unexpired.
  • Copy of your last three months’ bank statements: The bank statements must show your salary payments.
  • Copy of your employment letter: The employment letter must be from a GTBank-approved corporate organization or government agency.
  • Copy of your CRB report: The CRB report must be less than three months old.

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  • Copy of your tax clearance certificate: The tax clearance certificate must be less than six months old.
  • Copy of your marriage certificate: If you are married, you must provide a copy of your marriage certificate.
  • Copy of your property documents: If you own any property, you must provide copies of the title documents.

Once you have submitted all of the required documents, GTBank will assess your application and make a decision within 48 hours. If your application is approved, the funds will be disbursed into your account within 24 hours.

Here are some additional things to keep in mind when applying for a GTBank Max Advance loan:

  • The minimum loan amount is N100,000 and the maximum loan amount is N10 million.
  • The repayment period is between 12 and 36 months.
  • The interest rate is 18% per annum.
  • You must be a confirmed employee of a GTBank-approved corporate organization or government agency.
  • You must have a minimum net monthly salary of N100,000.
  • You must not have any outstanding loans with GTBank.

In Conclusion:

applying for a GTBank Max Advance loan can provide you with the financial assistance you need to meet your personal or business needs. With a minimum loan amount of N100,000 and a maximum loan amount of N10 million, you can choose the loan amount that suits your requirements. The repayment period of 12 to 36 months allows you to comfortably repay the loan over a reasonable time frame. Additionally, the interest rate of 18% per annum ensures that you have a clear understanding of the cost of borrowing.

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