How to get Gtbank Loans for Non Salary Earners

How to get Gtbank Loans for Non Salary Earners

Do you need a loan, but you're not a traditional salary earner? This article on how to get loans for non salary earners might be of great help to you. Gtbank offers a wide range of loan options for non-salary earners or self employed customers. You can apply for loans online via ussd, gtbank web app or mobile app or at a local gtbank branch. 

Applying for a Gtbank loan involves a lot of research to find a suitable loan for your personal or business needs. The process of applying for a loan as a non-salary earner may feel overwhelming if you don't know the types of loans and their requirements. You should know what to expect before applying. In this article, we have created an extensive list of Gtbank loans available for non salary earners and how you can get them.

Table of Content:

  1. How to Qualify for a Gtbank Loan for non salary earners 

  2. Types of Loans for non salary earners

    •  Gtbank Quickcredit loans

    • Fashion Industry Credit

    • Gtbank Food Industry Credit

    • Build or Buy Loans for School

    • SME Invoice Discounting Finance

    • Computer Acquisition Loan Scheme

    • Gtbank Hub Advance

    • Gtbank Premium Advance

  3. How to Apply for gtbank Loans

  4. Documents required for gtbank loans

  5. Gtbank Loan calculator 

  6. How to Liquidate Gtbank Loans

Related: Types of Loans offered by Access bank


How to Qualify for a Gtbank Loan for non salary earners 

There are a few criteria that a gtbank customer must meet before they can gain access to gtbank loans for non salary earners. The general requirements for gtbank loans for non-salary earners include;

  • Applicant must be an existing gtbank customer 

  • Customer must have no history of dud cheques 

  • Customer must have no unpaid obligations(e.g loans) to the bank

  • Customer must be either self employed or a non salary earner

  • Customer must have been banking with gtbank for at least a year

  • Customer must have a satisfactory credit score and history

  • Customer must meet all additional requirements set on individual loans


Types of Loans for non salary earners

The type of loans you can get from gtbank includes; 

  1. Gtbank Quick credit Loan

Gtbank Quick credit loan is a gtbank loan for non-salary earners aimed at providing quick cash solutions for funding day to day needs of SMEs in Education and Healthcare. Creche, Primary, and Secondary schools as well as Hospitals, Retail Pharmacies and Diagnostic centres can access the quick credit loans.

Interest Rates: rate of 2.0% per month

Features of Quick Credit 

  1. Loans are available for pre-qualified customers

  2. Gtbank customers have access to 50% of their average annual turnover

  3. Regular customers get a 6 months loan tenure, while school loan tenure is 12 months

  4. Customers can open a corporate account and operate it for 12 consecutive months before applying for Quick credit loan

  5. Once your loans are approved, funds are disbursed instantly

Requirements for Gtbank Quick Credit Loan

  1. Customer must maintain a consistent monthly lodgement of 20,000 in their gtbank account 

  2. Customers must have actively operated a corporate or business name gtbank account for at least 6 months

  3. Business must be 3 years or older

  4. Customer must not have a history of dud cheques

  5. Customers must have zero record of returned cheque within the last 12 months

  6. Customers must not have any history of unpaid obligations with the bank

  7. Customer must have satisfactory credit report


How to Apply for Quick Credit Loan


To request for a quick credit loan, 

  • dial *737*51*51# on your mobile phone and follow the prompt message

  • Enter 1 to display your maximum loan amount

  • Enter 0 to type in your desired loan amount

  • Input your 4 digit pin to complete the transaction 

Click here to apply for Quick credit loan


  1. Fashion Industry Credit 

This is a single digit loan that is only available for fashion entrepreneurs. It was designed to provide financial assistance to thriving businesses in the fashion industry.

Interested customers can get up to 5 million naira loan with a small interest rate of 9% per annum(0.75% monthly).

Interest rates: rate of 0.75% per month

Features of Fashion Industry Credit

  • Qualified customers can get up to 5 million naira 

  • No additional fees

  • Flexible repayment plan spread of 12 months(360 days)

  • Customers get 5% average annual turnover rate

Requirements for Fashion Industry Credit

  • Your business must be registered with Corporate Affairs Commission(CAC) with appropriate TIN and SCUML 

  • Your business must have been operating for at least a year

  • Your business must maintain a Satisfactory CRMS report

  • You must not have any personal or business unpaid obligations to the bank

Learn more about Gtbank Fashion Industry Credit


  1. Gtbank Food Industry Credit

The Gtbank Fashion Industry Credit is a loan product designed to provide finance for small scale businesses within the food and drink industry.  

With this loan, qualified customers can get loans from 50000 up to 2 million naira. Loan repayment is spread over 6 months(180 days) with an interest rate of 9% per annum(0.75% per month)

Interest rate: 0.75% per month 

Features of Gtbank Food Industry Credit

  1. You can apply for loans up to 2 million naira

  2. Fashion Industry loan has a flexible repayment plan spread over 180 days

Requirements of Gtbank Food Industry Credit

  1. You are eligible for loan if your business is at least one year

  2. Your business must be registered with Corporate Affairs Commission(CAC)

  3. Your business must have a clean credit record with no unpaid obligations to the bank

  4. You must present a satisfactory CRMS report of owners, sponsors and directors associated with your business 

You can apply for the Gtbank Food Industry Credit here 


  1. Build or Buy Loans for School

Build or buy loans, also known as Term loans for school, is a short-term or long-term loan facility designed to provide financial assistance to established and well-structured schools in the expansion of their landed properties. 

Loan tenor can last from 3 years to 10 years with a 30% equity contribution.

Interest rate: 2% per month 

Features of Build or Buy Loans

  • Up to 400 million in funds

  • Competitive interest rates

  • It has a 1% management and commitment fee respectively 

  • Loan tenor range of minimum of 3 years and maximum of 10 years

  • It has a 30% Equity contribution 

  • Quarterly payment of principal and monthly payment of interest 

  • Security: Legal mortgage on the property being financed or alternative property (Buy), Legal mortgage on an alternative property (Build)

Learn more about Gtbank Build or Buy Loans for School


  1. SME invoice Discounting Finance

This is a short-term loan product that provides quick finance solutions to businesses. With this SME loan, you can draw money against invoices issued before your clients pay for products or services.

Features of SME invoice Discounting Finance

  • It has a competitive interest rate

  • Loan tenor is 60 days

  • Up to 50 million in funds 

  • Bullet repayment upon maturity with monthly interest

  • Irrevocable domiciliation of discounted invoice proceeds with Gtbank

SME invoice Discounting Finance Loan Requirements 

  • Duly completed SME Invoice Discounting application form.

  • Invoice from a reputable blue chip company duly stamped by Principal (name included in the approved list).

  • Copy of Certificate of Incorporation of the business/Operating licence for Service Providers [Contractors and professional firms (first time only)].

  • Submission of evidence of prior successfully executed contracts [Contractors and professional firms (first time only)].

  • Confirmed certificate of project completion/delivery.

  • One year account statement with GTBank or another bank.

  • Copy of valid contract with Principal.

  • Personal guarantee of the Sponsor/cross-guarantee from another professional firm.

  • The Letter of irrevocable domiciliation of invoice proceeds by the customer and acknowledged by the principal.

Learn more about SME invoice Discounting Finance Loan


  1. Computer Acquisition Loan Scheme

Gtbank offers a flexible time loan called the computer acquisition loan scheme to corp members whose allowances are domiciled by the bank. This loan provides the finances for currently serving corp members who wish to acquire mobile devices.

Features of Computer Acquisition Scheme

  1. Corp members get loans to purchase mobile devices with a flexible repayment plan 

  2. The loan scheme allows corp members gain more skills and knowledge during their service year

Computer Acquisition Loan Scheme Requirements 

  1. Corp members allowance must be domiciled with gtbank

  2. Corp members must submit a complete application form alongside their employer undertaking form

  3. All loan application must be completed during NYSC orientation activities

Learn more about Computer Acquisition Loan Scheme


  1. Gtbank Hub Advance

The Gtbank Hub Advance is a convenient loan available exclusively for business owners. With Hub Advance, you get the right kind of inventory financing that your business needs to grow.

Gtbank Hub Advance Loan features

  • Maximum Loan Amount – ?500k to ?2 million

  • Maximum tenor of 3 months

  • Irrevocable Domiciliation of inflows is required

  • Repayment for the loan shall be equal monthly repayment of principal and interest

  • No Equity Contribution

  • Interest rate: Competitive

  • No Collateral

Gtbank Hub Advance Loan Requirements 

  • Business must be duly registered with the Corporate Affairs Commission.

  • Operate an active business account with the Bank for at least 1 year.

  • Minimum sales of 1 Million and 10 transactions monthly in the last 12 months on the SME MarketHub.

  • Business should be more than 3 years and be operational on the SME MarketHub for at least 6 months.

  • Domiciliation of Business Account (Execution of domiciliation agreement)

  • No past due obligation with any Bank nor have more than two returned cheques in the last one (1) year

Learn more about Gtbank Hub Advance


  1. Gtbank Premium Advance

This is a revolving overdraft facility for gtbank platinum customers. It has very competitive interest rates with a 2% flat fee on every 1 million upon first utilisation.

With the gtbank Premium Advance, you can access loans directly from your debit naira MasterCard

Interest rate: 2% per month 

Features of Gtbank Premium Advance

  • Up to 1 million naira overdraft with a 1 year tenor

  • Very competitive interest rate

  • Easily accessible overdraft via Naira debit card 

  • Monthly repayment of interest with bullet payment of principal at end of cycle

Gtbank Premium Advance Requirements

  • Premium Advance is available for platinum customers only

  • Your average monthly salary or lodgement should not be less than 1 million in the last six months

  • Annual turnover should not be less than 10 million 

  • You should have received your salary through your gtbank account consecutively within the last three months

  • You must not have any unpaid obligations prior to loan application 

To apply for a premium advance, complete this Online Application  Form and Employee Undertaking Form


How to Apply for Gtbank Loans

There are three unique ways to get gt bank loan for non salary earners from gtbank. You can apply for a loan using ussd codes, internet banking or the gtbank mobile app.


USSD codes

You can apply for a personal loan directly on your mobile phone using the gtbank loan code for non salary earners.

To apply with the USSD code, 

  1. Dial *737*8*2# on the mobile number linked to your gt account

  2. Follow the on-screen prompts 

  3. Choose your desired amount

  4. If approved, your loan will be disbursed immediately 


Internet Banking

To apply via internet banking,

  • Log in to your gtbank internet banking using your unique password and user ID

  • Next, Click on loans

  • Select the account you want to receive the funds

  • Click on "Select Eligibility"

  • Click on "Click here for maximum eligibility amount" or "Enter loan amount"

  • Check "Agree to terms & conditions"

  • Answer your secret question 

  • Then, enter your token

  • Click submit to complete your loan application 


Gtbank Mobile App

  • Download the gt mobile app from Apple or play store

  • Log in to the mobile app

  • Click "Apply for Loan"

  • Select Loan type

  • Fill in the necessary details on the loan application form displayed on your screen

  • Click submit to complete your request 

Note: You can also visit any GTB branch or ATM close to you to apply


Read: List Of Access Bank USSD Code


Documents required for Gtbank loans

To apply for loans, you will need to provide some financial and personal information. This is necessary for the bank to assess your creditworthiness and determine whether you are eligible for a loan. Each loan is different and may ask for different documents as you apply for the loan. 

Below are some of the basic documents you may be required to submit as part of your loan application

  • Completed Application Form

  • Business plan

  • Bank Statement

  • Cash flow budget

  • Valid mean of identification 

  • Proof of Address

  • Details of collateral( If required)

  • Certificate of Incorporation 

  • Audited Financial accounts


Gtbank Loan Calculator 

The Gtbank Loan calculator is a product by Gtbank which helps you calculate your loan payment. It is very simple and easy to use. All you need to do is enter the required loan information and the gtbank loan calculator will calculate and display your loan payment, loan balance and interest fees.


How to Liquidate Gtbank Loan with USSD

To liquidate your loan, Dial *737*51*55# on the mobile number linked to your gtbank account and follow the instructions.


Gtbank evaluates loan application using the information you provide, so it is important to be honest when filling the application and ensure you provide all the necessary documents so you stand a better chance of getting your loan approved.

Related Articles:

List of UBA USSD Code - UBA Transfer Codes

List of Zenith Bank USSD Code - How to Activate Zenith Bank USSD Code

List of GTBANK Transfer Code


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