Facility Amount

CategoryDescriptionMinimum (N)Maximum (N)
ALow density residential locations in Abuja and Lagos5million150million
BMedium density residential locations in Abuja, Lagos and other state capitals5million50million
Tenor1 - 20years (but subject to a maximum age of 55 when loan expires)
RepaymentFlexible repayment options:
a. Equal monthly repayment comprising principal and interest.
b. Annual, semi-annual or quarterly principal repayment while interest will be serviced monthly.Monthly repayment shall not exceed 35% of net monthly salary.


  • Completed Application Form
  • Title Document of Property
  • Offer Letter to Sell property from vendor
  • Valuation report from any of the Banks approved estate valuer
  • Search report from GTBank Legal Group

GT Mortgage FAQ's

Frequently asked questions on GTMortgage.

GTMortgage is a product which offers credit facilities (term loans) to part finance applicant’s acquisition of residential property in locations acceptable to GTBank.

Yes, GTMortgage can be accessed to acquire flats in locations approved by the Bank.

The security is legal mortgage on the property financed.

An applicant has the flexibility of choosing either equal monthly repayment comprising principal and interest or quarterly, semi-annual or annual repayment of principal while servicing interest on monthly basis.

An applicant can service GTMortgage facility with maximum of 35% of net monthly salary.

  1. Offer from vendor
  2. Copy of the title document
  3. Duly completed GTMortgage loan request form
  4. Duly completed GTMortgage Employer Undertaking form (v) Clean Search report (vi) Valuation report.

The maximum tenor on GTMortgage is 20 years. However, this is subject to the number of years to retirement, whichever is shorter. Based on the retirement age of 55 years, an applicant that is 45 years can only borrow for a maximum of 10 years.

The minimum tenor on GTMortgage is 1 year.

The applicant should be a confirmed staff of a reputable company and must have worked with the current employer for at least one month.

Yes, the property would be comprehensively insured against fire and special perils at a premium to be borne by the applicant.

Approved locations by GTBank for GTMortgage include: low and medium density areas in Lagos, Abuja, Port Harcourt and all states capitals.