How to Apply for Gtbank Salary Advance and Requirements

Applying for a salary advance can provide much-needed financial relief during times of unexpected expenses or emergencies. GTBank offers a convenient and accessible Salary Advance service for eligible customers, allowing them to access a portion of their salary before the regular payday.

The Gtbank salary Advance provides employees with the opportunity to access a 50% net monthly salary upfront before payday, helping them to meet urgent financial needs or unexpected expenses that may arise before their next paycheck. This service is especially useful for individuals who may find themselves in need of immediate funds but do not have access to traditional loans or credit facilities.

In this Article, we will explain the application process, eligibility criteria, required documentation, payment terms, Benefits and provide tips for a successful GTBank Salary Advance application. Understanding these key aspects will help individuals make informed decisions when considering a salary advance from GTBank.

Read: How to check Gtbank Account Balance,BVN and Account Number

Benefits of Gtbank salary advance

1.One of the key benefits of GTBank Salary Advance is the ease and speed of access to funds. With a few clicks on the GTBank mobile app or internet banking platform and ussd code, customers can apply for the advance and receive the funds directly in their bank account within minutes. This eliminates the stress and inconvenience of having to borrow money from friends or family in times of emergencies.

2. Another advantage of GTBank Salary Advance is that it is a cost-effective solution compared to traditional borrowing methods such as payday loans . The interest rate on the advance is typically lower than the high fees and interest rates charged by other lending institutions, making it a more affordable option for individuals in need of short-term financial assistance.

3. Furthermore, GTBank Salary Advance helps individuals avoid the cycle of debt that often comes with borrowing from alternative sources. By providing access to a regulated and transparent financial product, GTBank empowers customers to borrow responsibly and avoid falling into a cycle of debt and financial hardship.

4. Overall, GTBank Salary Advance provides a convenient, cost-effective, and responsible way for employees to access funds when needed, making it a valuable financial tool for individuals looking to manage their finances more effectively.

 Features of GTBank Salary Advance:


  • Quick access to funds: Get up to 50% of your net monthly salary in advance.
  • No collateral: You don’t need to provide any collateral to secure the loan.
  • Fast approval and disbursement: The salary advance is usually made available within 24 hours.
  • Flexible repayment: You have a 30-day tenor to repay the loan, which can be renewed monthly.
  • Easy application: You can apply through the GTBank website, mobile app, or by visiting a branch.


Who is eligible for Gtbank salary advance


GTBank salary advance is a form of short-term financial assistance provided by Guaranty Trust Bank to salaried employees who receive their salary through their account with the bank. To be eligible for GTBank salary advance, one must meet certain requirements set by the bank.

1. Firstly, the applicant must have a consistent salary income that is paid directly into a GTBank account. This ensures that the bank can easily verify the applicant’s income and repayment capacity.

2. Secondly, the applicant must have a good credit history with the bank and not be in default on any previous loans or advances.

3.Another key requirement for eligibility for GTBank salary advance is that the applicant must have been a customer of the bank for a certain period of time, usually at least three to six months. This shows the bank that the applicant has a stable relationship with the bank and is less likely to default on the loan.

4 The applicant must be at least 18 years old at the time of application. These requirements help ensure that the bank is lending to individuals who are responsible and capable of repaying the loan.

5.It is Available to staff of private companies and government agencies with active salary accounts domiciled in GTBank

Required documentation


GTBank Salary Advance typically does not require extensive documentation. Since the loan is designed for existing salary account holders with a good standing, the bank primarily relies on your existing account information and employment details.

To complete the application process. Customers must earn Minimum salary of N 25,000 for public sector and N 50,000 for private sector employees. Salary advance will be made available within 24 hours.

Repayment terms


GTBank salary advance are flexible and convenient for the borrowers. Customers can borrow up to 50% of their monthly salary, with a maximum tenor of 30 days. This means that customers have a month to repay the loan, making it a short-term financing option to bridge any temporary financial gaps.

The Bank offers competitive interest rates on their salary advance loans, making it a cost-effective solution for those in need of quick cash. The repayment process is also simple, as the loan amount is automatically deducted from the customer’s salary account on their next payday upon receipt of the Borrowers salary into his/her account maintained with the Bank.

Administrative Fees

Interest Rate

28% per annum

Management fee

1% flat on the loan amount payable upon acceptance of the offer and at every annual review,

Insurance Premium
1% flat

30 days

How to Apply for Gtbank Salary Advance


Applying for a salary advance at GTBank is a straightforward process that can provide quick financial relief to individuals facing unexpected expenses. To apply for a salary advance, you must first have a salary account with GTBank and have received a regular salary credit for at least three months. Once you meet these requirements

1. Visit any GTBank branch to request a salary advance application form.

After obtaining the application form, you will need to fill in all the required information, including your personal details, employment information, and the amount you are requesting for the salary advance and submit

2. Internet Banking

. To apply for a salary advance online, you will need to log in to your GTBank internet banking account via their website or mobile app. Once logged in, navigate to the “Loans and Salary Advance” section, Fill in the required information, such as the amount you need, repayment period, and any other necessary details.

After submitting your application for a salary advance via internet banking, GTBank will review your request and assess your eligibility based on your income and credit history. If your application is approved, the funds will be disbursed directly into your GTBank account. You can then access the funds immediately and use them for any financial needs or emergencies that may arise.

3. Ussd Code

Applying for a Gtbank Salary Advance using the USSD code, customers need to dial the USSD code *737*8*2# from their registered mobile number linked to their Gtbank account. This will prompt a menu of options to appear on the screen, and customers should select the option for Salary Advance to proceed with the application.


1. Q: How do I qualify for GTBank salary advance?

A: To qualify for GTBank salary advance, you must meet the following criteria:

  • Employment: You must be a staff member of a private company or government agency.
  • Salary Account: Your salary account must be domiciled with GTBank.
  • Minimum Salary: Your minimum net monthly salary should be ₦50,000 if you work in the private sector or ₦25,000 if you work in the public sector.
  • Active Account: Your salary account should be active and in good standing.

If you meet these requirements, you can apply for the salary advance through the GTBank website, mobile app, or by visiting a branch.

2. Q: What happens if I am unable to repay the salary advance on time?

A: If the loan becomes delinquent, GtBank shall have the right to report the delinquent loan to the Central Bank of Nigeria (CBN) through the Credit Risk Management System (CRMS) for action

3. Q: Is there a maximum limit to the salary advance amount I can request?

A: You can get Up to of 50% of net monthly salary in advance with a Tenor of 30 days. Renewable monthly. No collateral required.

4.Q: What is a GTBank Salary Advance?

A; GTBank Salary Advance is a loan product offered by Guaranty Trust Bank (GTB) to its salary account holders. It allows eligible employees to access up to 50% of their net monthly salary in advance, with no collateral required.

5. Q; What are the requirements for applying for GTBank Salary Advance?


A: To apply for GTBank Salary Advance, you must meet the following requirements:


  • You must be a confirmed staff member of a reputable organization.
  • Your salary must be processed through your GTBank account.


  • Your minimum net monthly salary should be ₦50,000 for private-sector employees.
  • Your minimum net monthly salary should be ₦25,000 for public-sector employees.


  • You must have an active and valid GTBank salary account with a good standing.

Other Requirements:

  • You must have a clean credit history with no outstanding debts or defaults.
  • You must not have any pending loan applications or outstanding loans with GTBank.

6.Q: Are there any fees or interest rates associated with GTBank Salary Advance


Yes, there are fees and interest rates associated with GTBank Salary Advance.Interest will be charged on all amounts owed by Borrower. A fee of 1% flat per month (approximately 12% p.a.)

7.Q: Is there a credit check required when applying for GTBank Salary Advance


GTBank does assess your eligibility based on your salary account history and employment status. They may also check for any outstanding debts or defaults with the bank

8.Q: Can self-employed individuals apply for GTBank Salary Advance?


No, GTBank Salary Advance is specifically designed for salaried employees whose salaries are processed through their GTBank accounts. Self-employed individuals are not eligible for this particular loan product.

However, GTBank offers other loan products that may be suitable for self-employed individuals, such as:

  • GTBank Quick Credit: This is an instant loan that can be accessed through the bank’s mobile app or USSD code. It offers up to ₦5 million and is available to both salaried and self-employed individuals.
  • MaxAdvance: This loan is designed for SMEs and can be used for working capital or business expansion.

9.Q: How long does it take to receive the funds once approved for GTBank Salary Advance?


GTBank aims to disburse approved salary advance funds within 24 hours. However, the exact time may vary depending on factors such as the time of day you apply, any additional verification steps required, and the bank’s processing times.

Meet Ogbeide Frank, popularly known as perere, a blogger who loves writing about finance and Tech. He studied Business administration at the Ambrose Alli University Ekpoma and Mobile Communication at Orange College Malaysia .Frank have worked as a banker and consultant in variety of Nigeria agencies


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