This article will give you the step by step guidelines on how to apply for a GTBank car loan without any collateral. Please carefully read through to avoid missing any important information here.
In 1990, Guaranty Trust Bank plc was established as a limited liability company with a license to offer the people of Nigeria commercial and other banking services. The Bank started operating in February 1991 and has since developed into one of Nigeria’s most reputable and customer-focused banks.
Guaranty Trust Bank plc went public in September 1996. That same year, as well as in 2000, 2003, 2005, 2006, 2007, 2008, and 2009, it received the Nigerian Stock Exchange President’s Merit award.
The Bank received a universal banking license in February 2002, and the Central Bank of Nigeria (CBN) subsequently designated it as a settlement bank in 2003.
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Guaranty Trust Bank successfully raised approximately N11 billion from Nigerian investors through its second share offering in 2004 so that it could expand its operations and more effectively compete with other international financial institutions.
This development made sure that the Bank was well prepared to fulfill the N25 billion minimum capital base requirement for banks that the Central Bank of Nigeria imposed in 2005 as part of its mission to clean up and strengthen Nigerian banks.
The bank offers two different types of loans which are discussed below;
1.) Personal Loan: The GTBank personal loans give you the appropriate funding for your individual needs while providing you with every type of loan security you could want. At Guarantee Trust Bank there are different types of personal loans such as:
- GT Salary Advance where you got 50% of your net monthly salary upfront. This loan is only applicable to employees at private companies and Government agencies that have an active GT Salary account.
- School Fees Advance is a lending product created to help you pay for your child’s or ward’s tuition at schools and institutions in Nigeria alone. Staff employees of respected governmental and commercial organizations whose wages are lodged with the Bank are eligible for this facility.
- Quick Credit: As a salary earner, you can promptly obtain the money you need and repay it for up to 12 months. With Quick Credit, you can get up to N5 million at a monthly interest rate of 2.0% with no hidden fees.
- Max Advance is made to help employees of specific corporate and governmental entities who have staff payroll accounts with us get personal loans.
2.) Business Loan: Additionally, GTBank offers clever financing solutions for your company, enabling it to build on its achievements and prepare for expansion. The business loan also has different categories such as:
- Fashion Industry Credit, this loan is created to give fashion industry entrepreneurs all the funding they require to expand their businesses. The Is designed with a single-digit interest rate of 9%.
- Food Industry Credit, with the GTBank Food Industry Credit, you will have access to a loan with an annual percentage rate of just 9%, you may obtain all the finance you require to expand your food business.
How to Apply for GTBank Car Loan without Collateral
- Visit www.gtbank.com
- You can also Use the GAPS/GAPS Lite or the internet banking platform to apply for a GTBank auto loan.
- Your loan is made available right away.
- Within 48 hours, your auto insurance company processes your claim.
- You receive a copy of your insurance certificate through email.
- You pay back the loan monthly in installments.
