Important Notice:Please be mindful of fake sites run by fraudulent parties posing as Guaranty Trust Bank Ltd or its affiliates. Do not disclose your personal information and financial details to anyone online or anywhere else.
  1. Home
  2. Business
  3. SME Banking
  4. Loans & Advances
  5. Fashion Industry Credit

What’s in it for You

  • Up to N5 Million for your fashion business.
  • Single digit (9% per annum) interest rate at 0.75% per month
  • No fees
  • Flexible repayment plan spread over 360 days
  • Customers can access up to 50% of average annual turnover

Requirements

  • Your fashion business should be duly registered with the Corporate Affairs Commission
  • You should have operated your account for at least 1 (one) year.
  • Your Credit Bureau Report should be positive and show no unpaid obligations owed to any bank.

How to Apply for Fashion Credit

  • Simply click on Fashion Credit on GAPS Lite and follow the prompts.
GAPS

FAQs

Here is everything you need to know about Fashion Industry Credit

Terms and Conditions

GENERAL REQUIREMENTS & ELIGIBILITY TERMS

  1. Business must be duly registered with Corporate Affairs Commission with appropriate TIN and SCUML where applicable(Both Business names and Limited Liability Companies).
  2. Business must have been operating an account with the Bank for at least 1 year.
  3. Qualified customers can access 50% of average annual turnover).
  4. Lodgement and turnover analysis will be done on customer account to ascertain level of business in the last 12 months.
  5. Satisfactory CRMS report of the customer (Borrower).
  6. Customer must not have any past due obligation with any Bank nor have any returned cheques in the last one (1) year.