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Airtime Loan Terms and Conditions

Definition of Terms

The Borrower:

This refers to the Applicant

The Lender:

This refers to Guaranty Trust Bank Limited

Facility Type:

Airtime Advance

Interest Rate:

2.95% per month, (approximately 35.4% per annum)

Tenor:

30 days, pre-liquidation is allowed without penalty

Loan Purpose:

To finance buying airtime to repay later.

Repayment:

Single due date repayment compromising principal and interest, pre-liquidation is allowed (without penalty)

Credit Insurance:

1% flat (One-Off Charge)

Security/Comfort:

Domiciliation of Borrower's salary with GTBank

General Requirements and Eligibility Terms

  • The Bank is regulated by the Central Bank of Nigeria.
  • The Borrower shall make a single due date repayment of principal and interest; subject to the selected tenor not greater 30 days.
  • The Borrower hereby authorizes the Bank to debit [his/her] account for the loan obligation or authorize the Payroll Service Provider to deduct the loan obligation comprising principal and interest prior to crediting [his/her] account with the Bank.

How to Apply

  • Available by dialling *737*8*1#

FAQs

Here is everything you need to know about Airtime Loan.

Salary earners whose salary are domiciled in the Bank

Terms and Conditions

Definition of terms
Loan Amount:N1k - N10k
Tenor:30 days
Interest rate:2.95% per month
Minimum salary to qualify:N10,000