How to get Salary advance from GTBank in less than 3 minutes!

Salary advance from GTBank

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Salary advance from GTBank and a lot more other banks is one of the best immediate financially relieving schemes I have ever seen.

These days a lot of financial relief programs like loan apps are springing up and I just find them really helpful even though they sometimes have repercussions that are not too pleasant e.g high-interest rates. I think this is where GTbank salary advance is such a good one to try out.

One of these financial relief programs is the recent invent on loan apps in Nigeria. They are proliferating by the second. Paylater, Branch, Palm Credit, KiaKia, Aella Credit, Fair Money, just mention. They are a whole lot now.

I recently did a review of Paylater app, it was an honest review, a step-by-step guide of how it works and every other important information you would like to have on your fingertips.

This is why I think all of these schemes and innovations are really cool. Having to borrow money from a friend can be downright embarrassing. Getting into an unexpected financially tight corner is already as depressing as it can be. Having to face a friend who would probably judge you, or not, is another.

With GTBank salary advance and in fact, all of the other salary advance schemes by various banks in Nigeria, I don’t see the survival of those loan apps with ridiculous interest rates. I mean, a lot of them are downright preposterous, very inconsiderate.

One of the other nice benefits of GTBank’s salary advance is that you don’t need a collateral to get funded.

So, when I heard of the Gtbank’s Salary advance scheme, I decided to try it out. I mean, if I must write on it, I should probably have a good first-hand experience yea?

What is the GTBank salary advance scheme about?

GTBank salary advance allows you to have up to 50% of your monthly salary as an advance to attend to your urgent financial needs.

What you need to be eligible for GTBank Salary Advance

1. Your salary account must be with Guaranty Trust Bank (GTBank).

I have never worked in any organization that didn’t prefer GTBank over other banks to pay salaries in. I don’t know the rationale behind that and what goes on as regards this but I would like to think this has helped me in various ways as my primary bank account is with GTBank.

2. The Minimum monthly salary for an employee in the public sector (Government) must be 25, 000 Naira while in the private sector must be 50, 000 Naira

3. You cannot lend an amount that exceeds your salary after an addition of 50% to it. For example, If you earn 50,000 Naira monthly, You can only lend a maximum of 75,000 Naira

4. The maximum payback time is 365 Days which I think is great as it would give you time to get yourself back together.

5. Reserved interest rate chargeable on the Borrower’s account shall be the Bank’s prime lending rate from time to time and it will be charged on all amounts owed by the borrower.

On 35,000 Naira, for example, 700 Naira was deducted as Salary advance commission and 35.00 Naira was deducted as Salary Advance VAT. Also, 20:00 Naira was deducted as Salary Advance Access Charge. This is basically all that will be deducted and that is immediately

How to Get Salary Advance from GTBank

Dial *737*8*2# and follow the instructions. In 3 minutes, I was credited!
You can also use your GTBank internet banking or visit any GTBank branch near you. If you have not registered or never used the internet banking, you can check here to get started.

How to repay GTbank salary advance

I have truthfully not paid back yet so I have no idea how to repay the Gtbank salary advance. As soon as I am prompted to pay or something, I will update this post on how the process goes. If you however have any idea of how to pay back the gtbank salary advance, I would be glad to have you say in the comments section.


I am updating this today, January 15, 2019.

Salary advance was repaid two months ago. I was not able to repay with the USSD code so I reported to the customer care.

Apparently, the product is new, so they have not been able to make repayment of the Gtbank salary advance work just yet. I was given access to my bank account officers, I contacted them and they did the manual deduction from their end.

If I stumble on information regarding seamless repayment of GTBank salary advance, I will update. If you do, please share in the comments section.


I am updating this post again today, October 6, 2019

How to repay Gtbank salary advance

To repay your Gtbank loan (salary advance), you can use this code – *737*51*55#. Simply dial that and follow the instructions. This Gtbank salary advance repayment code allows you to liquidate your loan and make the complete payment.

Have you ever applied for a salary advance from GTBank? What do you think about this new banking service?

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(24) Comments

  1. I’ve never applied for it. Thanks a lot for this info.

    1. Esther Adeniyi says:

      You are welcome.

  2. Elizabeth says:

    How do I pay back a salary advance to gtbank?

    1. Esther Adeniyi says:

      Hi, I updated the post now.

  3. Anthony odior says:

    I have been using gtbank salary advance services for over 7 month now. But recently anytime I try to use the normal code and after getting to the final analysis the system kept telling me ” null”. For days now same problem

    1. Esther Adeniyi says:

      Ouch, sorry about that Anthony. I think you should contact their customer care desk.

  4. Kola Afolabi says:

    I would like to know if I could repay even before the due date.

    1. Esther Adeniyi says:

      I think that’s possible but as they seem to not have many things sorted out with their USSD code for repayment, you might need to speak to your account officer.

    2. Jane says:

      Every month Gtb just deducts the money. I collected 460k in January and gtb divided the sum by 6months and then every month they remove the divided sum but include an interest of 1.75% I guess. I am due to pay the last sum this month. And I hope to use it again. The interest rate isn’t that much. I mean for 460k, my interest rate was just 22k. Which I think is ok.

  5. Venasius Asiegbu says:

    Yes, I have taken gtbank salary advance as per what the system deems several times.
    As far as I know, when you take an advance from Gtbank, kindly take note of when you collected the advance because, exactly on the same date on the following month; your account will show a minus balance.
    Say for instance, you borrowed the sum of #20,000 on the 27th January, by the 28th of February, your account balance will show a minus balance that is, if your account is not funded as at 27th February.
    That is how Gtbank credit works.
    Gtbank is the best.

    1. Esther Adeniyi says:

      Thank you so much for this exposition. Hopefully, this will help to answer as many questions as possible about Gtbank salary advance repayment. I didn’t have that experience though’. A new one probably?

  6. Babatunde G says:

    Thanks a bunch for this info.
    I was worried about my GTbank salary advance loan repayment, because this is 3days after the 30day tenor and I haven’t received any prompt from them as to how to repay.

    I believe with this info, I know what to do now.

    Thanks once again.

    1. Esther Adeniyi says:

      You are welcome. Awesome!

  7. I collected and it has bn deducted from my account? I want to take another one but it’s not successful. It’s telling me to use Internet. Pls how do i use it?

  8. Temidayo Abiodun Sunday says:

    Good morning Esther. i have been a beneficiary of the GTBank loan and the gtbank system has been deducting my monthly payback as at when due. it is remaining only one which is this month end. please can i immediately apply for another loan (either normal six months payback or salary advance to be paid back in 12 month) immediately my last deduction is made? i want to know how quickly i can apply for another loan after my last payback has been finally deducted by the GTBank System.
    Thank you.

    1. Esther Adeniyi says:

      You can apply for another one as soon as the last deduction is made.

      1. Temidayo Abiodun Sunday says:

        thanks so much for your response.

  9. Eli y luka says:

    Can I get salary advance

    1. Esther Adeniyi says:

      YES, you can.

  10. Blossom says:

    For a salary advance loan of 50,000. like how much will be repaid? please help

  11. Emmanuel says:

    Yes i have tried it before and i actually got more than 50 percent of my salary in advance. That day I just decided to try it out thinking it was a long process, I was still expecting to fill some form after I imputed the amount I wanted. Only for me to click ok and I saw twice my salary credit alert. I was so shocked, bcos I didn’t even need the money as at that time I just wanted to see how was. Problem now is I don’t know how to pay back. Maybe I’ll just have to call my account officer just like y9u did.

    1. Esther Adeniyi says:

      To repay your gtbank loan (salary advance), you can use this code – *737*51*55#. Simply dial that and follow the instructions.

  12. Good day, pls what is d gtb code to repay salary advance before due date.

    1. Esther Adeniyi says:

      To repay your gtbank loan (salary advance), you can use this code – *737*51*55#. Simply dial that and follow the instructions.

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