Before the likes of GT Bank’s Quick credit and other platforms where you can get an instant online loan in Nigeria today came into play, getting a loan was never a stroll in the park.
The thought of approaching commercial banks for a loan used to be a tedious affair in the past. From submitting numerous documents to convincing someone to stand as a guarantor and risking your request being rejected. Thank goodness for technology that has taken all these complicated processes and made them more enjoyable by simplifying them.
Quick credit is a payday loan product by GTBank accessible to salary and non-salary account holders. It’s a GTB loan that offers you a minimum loan amount of N10,000, a maximum of N500,000 for non-salary holders, and 5 million for salary holders.
Follow the steps below to get a quick credit from GTBank:
To qualify for this loan, you must be an existing GTBank customer with a monthly net salary of at least N20,000. Also, you must have a satisfactory credit score and no unpaid obligations.
Quick credit has one of the lowest interest rates compared to other loan products. With an interest rate of 1.33% monthly and a maximum tenor of 12 months, it is easy to see why it is a favorite of many loan facility users. However, In the event of you defaulting on payment, an interest rate of 1% is added to your debt. For a more comprehensive and better-informed decision, you can make use of this platform to compare loans from different lenders within minutes to find what best suits your needs.
Just like the loan product for salary and non-salary earners, GTBank has tailored one for small businesses. Quick credit For Small businesses makes soft loans available for SMEs to run their day-to-day operations smoothly. This loan product finances SMEs in the Education and Healthcare industry.
Now you can compare interest rates from different lenders with our loan simulator and get the best deal. Making an informed loan decision requires comparing different loan offers before making a commitment. Through our simulator, you can see at a glance, loan offers coming from different lenders in less than 5 minutes, so you can make the right decision regarding your financing. Try it today
It is quite similar to the regular Quick credit product and yet, has its unique feature.
Like the regular Quick credit product, customers also get their funds instantly. Another great benefit is its flexible payment plans. One can make interest payments monthly and quarterly principal repayments. Note, the quarterly repayment option is strictly for businesses in the Education industry. Note, if you have an existing loan facility with another commercial bank, you cannot apply.
GTBank’s Quick credit is easy to navigate and somewhat has the fairest interest rates in comparison with other loan products like Migo loan. Immediately you become eligible for Quick credit, you will get a notification, and you can start taking low offers. The offers increase as your credit score builds up over time. You can give it a try. Good Luck!