This is a revolving overdraft limit placed on your Debit Naira MasterCard
- Facility Type: Overdraft
- Tenor: 1 year renewable (subject to clean-up every 30 days)
- Loan Amount: N1million (maximum)
- Repayment: Monthly repayment of interest, with bullet payment of principal at end of cycle
- Interest Rate: 20% p.a.
- Fees: 2% flat (on N1million upon first utilization)
- Utilization: Strictly via Naira Debit MasterCard (available for ATM withdrawals, POS purchase and web payments)
- Customer must be a Platinum 1 and 2 customer
- Customer’s average monthly salary should not be less than N1million in the last six months.
- Customer must have received their salary through GTBank in the last three months consecutively.
- Annual turnover should not be less than N20million
- Customer must not have any past due obligation with GTBank or other banks.
- Completed application form
- Employer Undertaking form