How To Get Gtbank Loan For Non Salary Earners In 2024 – 8 Best Ways

Gtbank Loan for non salary earners

Have you ever wondered how to get a Gtbank Loan for non salary earners? Well, you’re not alone and that is what this article is going to address as you read further.

When it comes to securing loans, non-salary earners often face challenges. However, GTBank offers a solution tailored specifically for freelancers, entrepreneurs, and those without fixed salaries.

In this comprehensive guide, I’ll outline the steps and requirements for accessing a GTBank loan as a non-salary earner, which will providing you with a clear path to financial assistance.


Gtbank loan for non salary earners review

Before we go ahead to discuss properly on how to get Gtbank Loan for non salary earners, let us quickly read though the overview of this Gtbank Loan.

GTBank recognizes the diverse financial needs of individuals without fixed salaries, such as freelancers and entrepreneurs. Through specialized loan options, GTBank provides avenues for non-salary earners to access financial support.

By navigating through the right procedure and meeting the necessary criteria, individuals in these categories can leverage GTBank’s loan offerings to realize their financial objectives.

How to Qualify for a Gtbank Loan for non salary earners 

Qualifying for a GTBank loan for non salary earners typically involves meeting specific criteria: Which are…

1. Business Documentation: Provide business registration documents, if applicable, showcasing your enterprise’s legitimacy.

2. Financial Records: Submit bank statements or financial records demonstrating a consistent income stream from your business or freelance work.

3. Credit History: Maintain a good credit score to enhance your eligibility for the loan.

4. Loan Purpose: Clearly outline the purpose of the loan and how it aligns with your business or personal financial goals.

5. Collateral or Guarantor: Depending on the loan type, be prepared to offer collateral or a guarantor to secure the loan.

6. Must Be a customer: You must have been banking with gtbank for at least a year.

Meeting these requirements increases your chances of qualifying for a GTBank loan as a non-salary earner.


Types of Loans for non salary earners

The type of loans you can get from gtbank includes;

1. Gtbank Quick credit Loan

GTBank offers Quick Credit Loans tailored for non-salary earners, specifically catering to the financial needs of SMEs in Education and Healthcare sectors.

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This loan solution targets Creche, Primary, and Secondary schools, along with Hospitals, Retail Pharmacies, and Diagnostic Centers, providing swift access to funds for day-to-day operations.

Features of Quick Credit:

  • Pre-qualified customers can apply.
  • Access up to 50% of the average annual turnover for GTBank customers.
  • Regular customers enjoy a 6-month loan tenure, while schools benefit from a 12-month tenure.
  • Corporate account operation for 12 consecutive months is required before applying.
  • Instant disbursement of approved funds.

Requirements for Gtbank Quick Credit Loan:

  • Maintain a consistent monthly lodgement of ₦20,000 in your GTBank account.
  • Active operation of a corporate or business name GTBank account for at least 6 months.
  • Business should be at least 3 years old.
  • No history of bounced cheques or unpaid obligations within the last year.
  • Satisfactory credit report.

What is the code for GTB quick credit?

The code for GTB quick credit is *737*51*51#


How to Apply for Quick Credit Loan via USSD:

1. Dial *737*51*51# on your mobile phone.
2. Follow the prompt message:

  • Enter ‘1’ to display your maximum loan amount.
  • Enter ‘0’ to input your desired loan amount.
  • Input your 4-digit PIN to complete the transaction.

To apply via the Gtbank portal Click Here 

This Quick Credit Loan from GTBank offers accessible funding solutions tailored for non-salary earners in specific sectors, aiding in meeting their day-to-day operational requirements.

2. Fashion Industry Credit 

This is a single digit loan that is only available for fashion entrepreneurs. It was designed to provide financial assistance to thriving businesses in the fashion industry.

Features of Fashion Industry Credit:

  • Loan Amount: Up to 5 million naira available for qualified customers.
  • Interest Rate: A low rate of 0.75% per month (9% per annum).
  • No Additional Fees: Access the loan without extra charges.
  • Flexible Repayment: Spread repayments over 12 months (360 days).
  • 5% Average Annual Turnover Rate: Benefit from a favorable turnover rate.

Requirements for Fashion Industry Credit:

  • Business Registration: Your business must be registered with the Corporate Affairs Commission (CAC) and possess the appropriate Tax Identification Number (TIN) and SCUML.
  • Business Operational Duration: At least one year of operational history.
  • Satisfactory CRMS Report: Maintain a satisfactory Credit Risk Management System (CRMS) report.
  • Clean Obligations: No outstanding personal or business-related unpaid obligations to the bank.

This loan product specifically caters to fashion entrepreneurs, offering substantial financial aid with favorable repayment terms.

Meeting the outlined requirements ensures a smooth application process and access to funding aimed at nurturing and expanding businesses in the fashion industry.

Click Here To Apply 


3. Gtbank Food Industry Credit

GTBank introduces the Food Industry Credit, a specialized loan product targeting small-scale businesses operating within the food and drink industry.

Features of GTBank Food Industry Credit:

  • Loan Amount: Ranging from ₦50,000 up to ₦2 million for qualified customers.
  • Repayment Plan: Spread over 6 months (180 days) for flexibility.
  • Interest Rate: A competitive rate of 0.75% per month (9% per annum).

Requirements for GTBank Food Industry Credit:

  • Business Operational Duration: At least one year of active operation.
  • Business Registration: Your business must be registered with the Corporate Affairs Commission (CAC).
  • Clean Credit Record: Maintain a clean credit history without any outstanding obligations to the bank.
  • Satisfactory CRMS Report: Provide a satisfactory Credit Risk Management System (CRMS) report for owners, sponsors, and associated directors linked to your business.

This loan product caters specifically to businesses within the food and drink industry, offering substantial financial support with manageable repayment terms.

Meeting the criteria above ensures eligibility and access to funding tailored to bolstering growth and sustainability within the food sector.

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To apply for Gtbank Food Industry Credit click here 


4. Build or Buy Loans for School

GTBank presents Build or Buy Loans, also known as Term Loans for schools, tailored to support established educational institutions in expanding their landed properties.

Features of Build or Buy Loans:

  • Loan Amount: Access funds up to 400 million naira.
  • Interest Rate: Competitive rate of 2% per month.
  • Fees: 1% management and commitment fees respectively.
  • Loan Tenor: Available for 3 to 10 years.
  • Equity Contribution: A 30% equity contribution required.
  • Payment Structure: Quarterly principal payments with monthly interest payments.
  • Security: Legal mortgage on the property being financed for ‘Buy’, or legal mortgage on an alternative property for ‘Build’.

This loan facility is aimed at well-structured schools, offering substantial financial assistance with flexible repayment terms for property expansion.

With a focus on long-term sustainability, the Build or Buy Loan empowers educational institutions to enhance and develop their infrastructure to meet growing demands.

5. SME invoice Discounting Finance

This is a short-term loan product that provides quick finance solutions to businesses. With this SME loan, you can draw money against invoices issued before your clients pay for products or services.


Features of SME Invoice Discounting Finance:

  • Competitive Interest Rate: Enjoy a competitive rate for this financing option.
  • Loan Tenor: Available for a 60-day period.
  • Loan Amount: Access funds up to 50 million naira.
  • Repayment Structure: Bullet repayment upon maturity, with monthly interest payments.
  • Irrevocable Domiciliation: Involves directing discounted invoice proceeds to GTBank.

Requirements for SME Invoice Discounting Finance:

  • Completed Application Form: A duly completed SME Invoice Discounting application form.
  • Valid Invoice: Invoice from a reputable blue-chip company, stamped by the Principal, listed on the approved list.
  • Business Documentation: Certificate of Incorporation/Operating License (for Service Providers), evidence of prior successful contracts, and project completion/delivery certificates.
  • Bank Statements: One-year account statement from GTBank or another bank.
  • Contract Documentation: Copy of a valid contract with the Principal.
  • Guarantee: Personal guarantee of the Sponsor or cross-guarantee from another professional firm.
  • Irrevocable Domiciliation Letter: A letter ensuring the invoice proceeds’ irrevocable domiciliation, acknowledged by the Principal.

This loan facility enables businesses to bridge cash flow gaps by leveraging their invoices, providing quick access to funds while awaiting payment from reputable clients.

The comprehensive requirements ensure transparency and reliability in accessing the SME Invoice Discounting Finance from GTBank.

Visit Here To Apply For SME Invoice Discounting Finance


6. Computer Acquisition Loan Scheme

GTBank introduces the Computer Acquisition Loan Scheme tailored for Corps members, offering a flexible financing solution for acquiring mobile devices during their service year.

Features of Computer Acquisition Scheme:

  • Mobile Device Purchase: Corp members access loans to acquire mobile devices.
  • Flexible Repayment: Enjoy a repayment plan tailored to suit Corps members’ needs.
  • Skill Enhancement: The loan scheme aids Corp members in gaining additional skills and knowledge during their service year.

Computer Acquisition Loan Scheme Requirements:

  • Domiciled Allowance: Corps members must have their allowances domiciled with GTBank.
  • Application Submission: Submit a complete application form along with the employer undertaking form.
  • Application Timing: All loan applications should be completed during NYSC orientation activities.

This loan scheme offers Corps members the financial support they need to acquire mobile devices, fostering skill development and enhancing their capabilities during their service year.

By fulfilling the outlined requirements, Corps members can access this flexible financing option provided by GTBank.



7. Gtbank Hub Advance Loan 

The Gtbank Hub Advance is a convenient loan available exclusively for business owners. With Hub Advance, you get the right kind of inventory financing that your business needs to grow.

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Features of GTBank Hub Advance Loan:

  • Loan Amount: Ranging from ₦500,000 to ₦2 million.
  • Tenor: Maximum repayment period of 3 months.
  • Domiciliation Requirement: Irrevocable domiciliation of inflows is mandatory.
  • Repayment Structure: Monthly equal repayment of principal and interest.
  • Equity Contribution: No equity contribution required.
  • Interest Rate: Competitive rates offered.
  • Collateral-Free: No collateral needed for this loan.

Requirements for GTBank Hub Advance Loan:

  • Business Registration: Duly registered business with the Corporate Affairs Commission.
  • Active Business Account: Maintain an active business account with GTBank for at least 1 year.
  • MarketHub Sales: Minimum sales of ₦1 million and 10 transactions monthly in the last 12 months on the SME MarketHub platform.
  • Business Duration: Operate for more than 3 years and be active on the SME MarketHub for at least 6 months.
  • Account Domiciliation: Execution of a domiciliation agreement for the business account.
  • Financial Record: No overdue obligations or more than two returned cheques in the last year with any bank.

GTBank’s Hub Advance offers a streamlined and accessible financing option for business owners, supporting their inventory needs and facilitating growth.

Meeting these specified requirements allows eligible businesses to harness the benefits of this tailored loan product.

Click Here To Apply 


8. Gtbank Premium Advance

GTBank presents Premium Advance, a revolving overdraft facility exclusively tailored for GTBank Platinum customers, offering competitive interest rates and easy access to loans directly through your debit Naira MasterCard.

Features of GTBank Premium Advance:

  • Overdraft Limit: Access up to 1 million naira with a 1-year tenor.
  • Competitive Interest Rate: Very competitive rates offered for this facility.
  • Debit Card Access: Conveniently access the overdraft via your Naira debit card.
  • Repayment Structure: Monthly repayment of interest, with the principal repaid at the end of the cycle.

Requirements for GTBank Premium Advance:

  • Eligibility: Available for GTBank Platinum customers only.
  • Financial Qualification: Maintain an average monthly salary or lodgement of at least 1 million naira in the last six months.
  • Turnover Criteria: Annual turnover should not be less than 10 million naira.
  • Salary Domiciliation: Salary received consecutively through your GTBank account within the last three months.
  • Clean Financial Record: No unpaid obligations before loan application.

To apply for the Premium Advance, complete the Online Application Form and the Employee Undertaking Form, ensuring compliance with the specified eligibility criteria. This facility provides swift and convenient access to credit for GTBank Platinum customers, ensuring financial flexibility and ease of use.


How to Apply for Gtbank Loans For Non salary earners

There are four unique ways to get gt bank loan for non salary earners from gtbank. You can apply for a loan using ussd codes, internet banking or the gtbank mobile app.

  • Via USSD
  • Via Internet Banking
  • Via bank mobile app
  • Via Bank Branch

Let’s briefly explain how to apply using each of the method.


  1. Dial *737*8*2# on your mobile phone.
  2. Follow the prompts to navigate to the loan section.
  3. Enter the required information and follow the instructions to complete your loan application.

Via Internet Banking:

  1. Log in to your GTBank internet banking account.
  2. Navigate to the loan or credit section.
  3. Fill in the necessary details and submit your loan application online.

Via Bank Mobile App:

  1. Open the GTBank mobile app on your device.
  2. Access the loan application section within the app.
  3. Fill out the required information and submit your loan request through the app.

Via Bank Branch:

  1. Visit your nearest GTBank branch.
  2. Approach the customer service desk or loan officer.
  3. Fill out a loan application form provided by the bank and submit it along with the necessary documents as per the loan requirements.

Each of these channels offers different levels of convenience and accessibility, allowing GTBank customers to choose the method that suits them best to apply for a loan.

Gtbank loan for non salary earners interest rate

The interest rates for GTBank loans tailored for non-salary earners can vary based on the specific loan product and the individual’s creditworthiness.

However, typically, these loans for non-salary earners might have competitive interest rates, which could range from around 2% to 9% per annum or approximately 0.75% to 2% per month, depending on the particular loan product, the prevailing market conditions, and the borrower’s credit history and financial standing.


GTBank offers a diverse range of loan products catering specifically to non-salary earners, providing accessible financial solutions for various needs.

From Quick Credit to specialized loans for specific industries like fashion, food, and more, these loans come with competitive interest rates, flexible repayment plans, and tailored features to support growth and financial stability.

With a focus on supporting businesses and individuals without fixed salaries, GTBank’s loan offerings empower non-salary earners to achieve their financial goals efficiently and effectively.


Do You have a financial needs and you are in Need of urgent loan? CLICK HERE To REGISTER NOW

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