How to Borrow Money From Gtbank, What is Gtbank?
by Jayasree D
Updated Nov 24, 2023
What is Gtbank?
GTBank, or Guaranty Trust Bank, is a financial services company based in Lagos, Nigeria. Established in 1990, it has grown into a multinational group known for banking, payments, pension management, and asset management services. In 2021, it transformed into Guaranty Trust Holding Company PLC, expanding its offerings. GTBank stands out for its innovation, offering various banking services and introducing digital solutions like online and SMS banking.
It gained international recognition by being listed on the London Stock Exchange and Deutsche Börse. Beyond banking, GTBank is involved in corporate social responsibility, focusing on autism awareness, education, and cultural events. The bank has received numerous awards for its excellence in leadership, innovation, and digital banking.
How to Borrow Money From Gtbank?
To borrow money from GTBank, follow these simple steps:
Check Eligibility:
Ensure you meet the bank's criteria, like having a clean financial history, satisfactory credit reports, a minimum monthly lodgement of N20,000, or a net monthly salary of N10,000.
Choose a Channel:
Remember, this service is available for both salary and non-salary account holders, and you can borrow up to N500,000 with a flexible repayment period.
Gtbank History
GTBank's history began in 1990 when Guaranty Trust Bank (GTBank) was established in Lagos, Nigeria. Initially founded as a limited liability company, it received a banking license in 1991 and commenced operations. Over the years, GTBank expanded its services, opening branches in different Nigerian cities and incorporating subsidiaries in the Gambia and Sierra Leone in 2003. In 2007, it achieved a historic milestone by becoming the first Sub-Saharan bank to be listed on the London Stock Exchange.
The bank continued its growth, acquiring a 70% shareholding in Fina Bank Group in 2013. In 2021, GTBank underwent a corporate reorganization, transforming into Guaranty Trust Holding Company PLC, offering a broader range of financial services beyond traditional banking. The bank has consistently received awards for its excellence and innovation in the financial industry.
Gtbank Services
GTBank offers a range of services to cater to diverse financial needs. These services include traditional banking, where customers can open accounts, deposit, and withdraw money. The bank also facilitates payments, making it convenient for customers to transact and settle bills.Also, GTBank engages in pension management, assisting individuals in planning for their retirement. Asset management is another key service, helping customers grow and protect their wealth through various investment options.
With a focus beyond just banking, GTBank's services aim to provide comprehensive financial solutions, enhancing the overall financial well-being of its customers. The diverse service offerings make GTBank a one-stop destination for various financial needs, from day-to-day transactions to long-term financial planning.
Gtbank Products
Retail Banking:
Commercial Banking:
Corporate Banking:
These product categories showcase GTBank's commitment to serving a broad spectrum of clients, from individuals to businesses and large corporations, with a diverse range of financial products and services.
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How to Borrow Money From Gtbank- FAQs
Founded in Lagos in 1990, GTBank expanded over the years, achieving milestones like its listing on the London Stock Exchange and corporate reorganization in 2021.
GTBank provides banking, payment facilitation, pension and asset management services, aiming to meet various financial needs comprehensively.
GTBank offers Retail Banking (for individuals), Commercial Banking (for businesses), Corporate Banking (for large corporations), and diverse Banking Services and Payment Services.
Check eligibility, choose a channel (Mobile App, Internet Banking, USSD Code), await approval (usually 5 minutes), and select a repayment method.
GTBank stands out for its innovation, international recognition, corporate social responsibility efforts in areas like autism awareness and education, and its numerous awards for excellence and digital banking.