Features & Benefits
Maximum of 50% of net monthly salary
||30 days (Maximum) renewable monthly
Minimum salary of N 25,000 for public sector and N 50,000 for private sector employees
An easy and convenient financial solution to your cash needs anytime before your next salary payment
- Completed Application Form
Frequently asked questions on GTSalary Advance
1.Q: What is GTSalary Advance?
A: GTSalary Advance is designed to provide salary advance to staff of companies, ministries, Parastatals and other government establishments whose salary accounts are domiciled with the Bank.
2.Q: What type of facility is Salary Advance?
A: Salary Advance is a temporary revolving overdraft.
3.Q: What is the tenor for a Salary Advance?
A: 90 days (Maximum) renewable monthly.
4.Q: What is the minimum drawing amount?
A: There is no minimum drawing amount for a salary advance.
5.Q: What is the maximum drawing amount?
A: The maximum drawing amount is 50% of the customer's net monthly salary after other obligations.
6.Q: Does the beneficiary need to have his/her salary account with GTBank?
7.Q: What is the required length of salary account relationship?
A: The customer must have received their salary through their GTBank account in the last 3 months.
8.Q: Who can benefit from GTSalary Advance?
A: Staff of selected private companies, Government Ministries, Parastatals and establishments whose salary accounts are domiciled with the Bank.
9.Q: Can the customer apply for Salary Advance if s/he has an existing facility with the Bank?
A: Yes, provided the total loan repayment does not exceed 50% of his/her monthly salary.
10.Q: What is the pricing and fee on Salary Advance?
A: Highly competitive
11.Q: Can the customer reapply at the expiration of the facility?
12.Q: What is the minimum monthly salary an employee of Private Companies must earn to qualify for the facility?
A: N 50,000
13.Q: What is the minimum monthly salary an employee in the Public Sector must earn to qualify for the facility?
A: N 25,000
14.Q: How does the 90 days Salary Advance work?
A: Apply once, but have access to the facility in 90days subject to receipt of monthly salary
15.Q: How do I apply for a Salary Advance?
A: Application is done by completing and submitting the Salary Advance application form