majamajic:


I will open a sports bar with 1m , and have change

Tell me how? Are you opening it in Ekiti State?

Who has tried taking loan from FCMB thru this means?

wizzy199:

How do one go about it, my dad needs money urgently for a project and he uses first bank, must one have an account with Gtb

. Yes a salary account with gtb for up to three months

Joy2Dwise:
I kept receiving pop-up messages from GTB on my mobile app stating that I was qualified to apply for loan but I kept ignoring them cus I knew that getting a loan is not as easy as that. I knew what I went through on few occasions when I had to take loans as small as 300k to sort out some immediate financial needs. It got to a point when I began to expect the bank to request the death certificate of my great grand father before they approve a loan amount that is not even up to my monthly earnings. The most embarrassing moment was when two close friends refused to sign guarantor forms because they claimed it was against their principle. I had to swallow my pride and go to a junior who eventually stood in as my guarantor at the end.

Out of curiousity, I clicked "accept'' just to see if it was real. Next message I got was that "your application has been accepted". To cut the long story short, I received an alert of about 1m.150k just few hours later and this sounded incredible. A scanned copy of the repayment plan was later emailed to me and when I did the calculation, I found out that the total percentage of interest is about 12% as against 22 - 26% which I was forced to cough out in previous loans I took from different banks in the past. This to me was a good deal even though I don't have a specific plan for it. Had to push it to my son's account while I wrap my head around what best to do with the money.

This instant loan and the attractive interest rate kept me wondering on the following:

1. Does it mean the banks now have so much money in their coffers to lend out to customers even without asking?
2. What is the reason for the low interest rate which to me is still far lower than what is obtainable?

I called my account officer to ascertain if I can invest it in FG bond but I wasn't impressed with the interest rate so I'm going to keep it in the bank pending on when I decide on what to do with it. Any good idea is however welcomed.

Stop giving out half truths... You mean to tell us that you just clicked "ACCEPT" on an "eligibility for loan" notification, and just like that, you saw credit alert?

Bros, you can do better.

Omonigeriarere:


I use GT for the collection of my salary; must I necessarily open another salary account before accessing the loan?

. No the former account can serve, I have been using mine for about 15years now, and I have worked in three different places since then.

If you dial the code during working hour for GTB, it can show some errors. The best time to dial the code is early in the morning when their server is not busy.

Four of my colleagues got the loan (above a million) some months back and they invested the money into personal business. They are almost done with the payment.

So I mailed an account officer at GTB and got this:


Dear Mr ****


Please be informed that applicants of Salary Advance loans must have a [b]salary account and must have received salaries from the same employer through GTBank in the last three (3) months.

**
[/b]

Joy2Dwise:
I kept receiving pop-up messages from GTB on my mobile app stating that I was qualified to apply for loan but I kept ignoring them cus I knew that getting a loan is not as easy as that. I knew what I went through on few occasions when I had to take loans as small as 300k to sort out some immediate financial needs. It got to a point when I began to expect the bank to request the death certificate of my great grand father before they approve a loan amount that is not even up to my monthly earnings. The most embarrassing moment was when two close friends refused to sign guarantor forms because they claimed it was against their principle. I had to swallow my pride and go to a junior who eventually stood in as my guarantor at the end.

Out of curiousity, I clicked "accept'' just to see if it was real. Next message I got was that "your application has been accepted". To cut the long story short, I received an alert of about 1m.150k just few hours later and this sounded incredible. A scanned copy of the repayment plan was later emailed to me and when I did the calculation, I found out that the total percentage of interest is about 12% as against 22 - 26% which I was forced to cough out in previous loans I took from different banks in the past. This to me was a good deal even though I don't have a specific plan for it. Had to push it to my son's account while I wrap my head around what best to do with the money.

This instant loan and the attractive interest rate kept me wondering on the following:

1. Does it mean the banks now have so much money in their coffers to lend out to customers even without asking?
2. What is the reason for the low interest rate which to me is still far lower than what is obtainable?

I called my account officer to ascertain if I can invest it in FG bond but I wasn't impressed with the interest rate so I'm going to keep it in the bank pending on when I decide on what to do with it. Any good idea is however welcomed.

Get a credible person and invest part of it in Hired-purchase mode of transportation- Keke, car, bus, etc

mistacoco2:
Bro so don't have plan of what to do with loan, you went to take loan... Hmmm

He just floored himself publicly.

dbelovd:



Oh nice!!

Does that means you only paid an interest of 1.75% on ur loan repayment since u are able to offset it in a month

Kindly enlighten us...

Yes. I only paid an interest of 1.75% on the loan.

leo1234:


Do you have the option of choosing how many months you want repay the loan?
How much did you pay after one month?

Yes you have the option if you apply for the loan via the GTWorld App which is available on Play Store. You can also pay back the loan immediately you have the funds without waiting for the full tenure to end.

JoseRaji:


Stop giving out half truths... You mean to tell us that you just clicked "ACCEPT" on an "eligibility for loan" notification, and just like that, you saw credit alert?
Bros, you can do better.

Bro only say what you know. You don't what you dont know. The OP has just explained how the process works .nothing more nothing less

captainking:

Well

I will confirm. And revert tomorrow

Okay, I'll be expecting your feedback... Thanks alot.

abbasajao:


Bro only say what you know. You don't what you dont know. The OP has just explained how the process works .nothing more nothing less

Because you were beside him when he was getting his N1M loan credit alert abi? Dude, please swerve to the left side. You're not the OP, neither are you his spokesperson.
That's how they will just carry you people and "chook" inside bottle.

JoseRaji:


Because you were beside him when he was getting his N1M loan credit alert abi? Dude, please swerve to the left side. You're not the OP, neither are you his spokesperson.
That's how they will just carry you people and "chook" inside bottle.

You must be one of these indomie generation guys for you to have assumed that I have to be beside him to confirm this authentic information.

.

captainking:


a savings account..it does not have to be current account..

Do they have salary account or regular account

okewumi:
If you dial the code during working hour for GTB, it can show some errors. The best time to dial the code is early in the morning when their server is not busy.

Four of my colleagues got the loan (above a million) some months back and they invested the money into personal business. They are almost done with the payment.

I wish I can get some loans too. To start up my 1.5m bakery project. But mehn. No way. But I will keep trying and trying. Since no other way to raise funds

abbasajao:


You must be one of these indomie generation guys for you to have assumed that I have to be beside him to confirm this authentic information.

In your shallow mind, I'm sure, calling someone "indomie generation" sounds like an insult. I'm sure you were born in 1999... Ogbeni shift from my mention and go and look for something to do with your life. Be looking for attention up and down.

JoseRaji:


In your shallow mind, I'm sure, calling someone "indomie generation" sounds like an insult. I'm sure you were born in 1999... Ogbeni shift from my mention and go and look for something to do with your life. Be looking for attention up and down.

Come here small boi. Never you insult your elder again or you will smell your yansh

abbasajao:


Come here small boi. Never you insult your elder again or you will smell your yansh

Oh God. Abeg who know this idiot na? Who wants to follow you to discuss trash. Oga go and find something productive to do with your miserable life. The OP that I was talking to initially, didn't even respond... Then this low life comes here and is drawing my attention.

So, as you have called me "small boi" (showcasing your inability to construct words), what have you gained?

At least give yourself small brain and get a life.

JoseRaji:


Oh God. Abeg who know this idiot na? Who wants to follow you to discuss trash. Oga go and find something productive to do with your miserable life. The OP that I was talking to initially, didn't even respond... Then this low life comes here and is drawing my attention.

So, as you have called me "small boi" (showcasing your inability to construct words), what have you gained?

At least give yourself small brain and get a life.

its okay.

Loans are easy to get in Nigeria these days see How to Get a Quick Loan in Nigeria Without Collateral

ntyce:


Lol, the microlending institutions are no threat to banks.
Rather the CBN has mandated banks to meet the 60% LDR by September ending.

So why is loan to the public limited to only GTB and Access?
What of other banks too?

demoBaba:



I've collected 450k without going to bank or fill any documents. Lastly am not salary earner.

Can you please explain how you did it?

AndyCole16:


So why is loan to the public limited to only GTB and Access?
What of other banks too?

Other banks too do same, they have no choice but each bank has to set its own Risk criteria

Guys am thinking of getting a loan for a business.
I want to start a business (mini business) but i don't have enough funds to start. Most banks won't agree for a loan because am not up to 20 and not a salary earner. Pls if you know any where or anybody can loan me 25k or less. I really want to start this business pls help me
E-mail: chigurl200@gmail.com

Chizbaaa:
Guys am thinking of getting a loan for a business.
I want to start a business (mini business) but i don't have enough funds to start. Most banks won't agree for a loan because am not up to 20 and not a salary earner. Pls if you know any where or anybody can loan me 25k or less. I really want to start this business pls help me
E-mail: chigurl200@gmail.com

Did you say 25k or is that a typo? Pls tell me about this busines you plan to start up with that amount.

Joy2Dwise:


Did you say 25k or is that a typo? Pls tell me about this busines you plan to start up with that amount.

Pls check your dm pls sir or ma

AXYZ:


Everything depends on tenor of the loan. If you're paying in a month, you pay 1.75%, 2 months is 1.75x2 and because you are paying in 12 months, it is 1.75x12 and thus gives you the 21% you mentioned.

Hi,

So you're allowed to choose a convenient payment tenor of choice?

What if plans change and you want it extended?

Bamz:


Hi,

So you're allowed to choose a convenient payment tenor of choice?

What if plans change and you want it extended?

The first one is 6 months. Subsequently you can choose up to a year.

To the second question, I don't really know

zeromeridian:
Since Innoson won GT bank at the supreme court, GTbank has started recruiting online marketers
trying to convince people to open account with them so that they can get instant loan.

The op is GTbank online marketer. They are looking for people to deposit money with GTB.
I had a call from someone telling me to open account with gt, that with minimum balance of 100k
that i can get a loan for 1m. but all na lies.

they are looking for money from everywhere to pay innoson.

All na lies, did you try it?