GTBank introduced this feature which is a great help to salary earners all over the country. The GTBank Salary Advance feature simply means get your salary now, or get your salary at any time you want and also you can get more than what you are actually paid monthly and pay back later, the feature would be of great help to those looking for urgent cash.
Simply read on to understand how it works and the requirements need for before you can apply for this feature.
How it Works
- This feature allows those customers that have a salary account with the Bank to get a salary based overdraft, which enable you to withdraw more than your salary or take extra cash after you have withdrawn your salary from the account.
- You will be given 50% extra of your salary and it is temporary overdraft and disbursed on monthly basis.
If you earn N50,000 a month, you will be allowed to withdraw a maximum of N75,000 from your salary account from one month, and it gets better, you are allowed to pay back the extra amount in 365 days.
- They also have a minimum drawing amount of N12,500
- They have a maximum drawing amount of your salary plus 50% extra of your salary.
Eligibility and Requirements
You must have your salary account domiciled with GTBank.
You must have received your salary through your GTBank account in the last 3 months
Minimum monthly salary of an employee of Private Companies must be N 50,000
Minimum monthly salary of an employee in the Public Sector must be N 25,000
How to Apply
Application is done by completing and submitting the Salary Advance application form or through internet banking
If you wish to use the internet banking option, Simply go to http://gtbank.com/ and login into your internet banking account, click on Salary Advance and follow the instructions.
If you choose to complete the Salary Advance application,
You can simply search how to fill the gtb bank salary advance form on google, you will be shown a list of results as in the result below, all you need to do is to click on [PDF] Salary Advance Application Form – GTBank to download the pdf form as shown in the image below, open the file in your pdf reader, print it, fill it correctly by following the instructions written on the application and submit to the GTBank Branch nearest to you.
If you have any questions, simply visit http://gtbank.com/personalbanking/products/loans/salary-advance#faqs