GTBank’s QuickCredit is designed for salary earners who need quick access to funds. You can borrow up to ₦5 million instantly at a competitive interest rate of 2.95% per month. The repayment term is flexible, allowing you up to 12 months to clear your balance. Pre-liquidation is allowed without penalty, and the only extra charge is a one-off 1% credit insurance fee.

How to Apply for QuickCredit

1. Confirm you receive salary into a GTBank account (at least ₦30,000 per month)
2. Ensure a clean credit history—no dud cheques, no unpaid obligations
3. Check there’s no existing loan with Remita platform
4. Apply through GTBank’s mobile app, Internet Banking, or dial *737*51*51#
5. Receive approval and access funds instantly if all requirements are met

Advantages of QuickCredit

One strong benefit is the speed of processing—you can receive your funds almost immediately after approval. There’s also flexibility; repayments stretch up to one year, and you can pay off your loan early without incurring any penalty. The interest rate is competitive compared to similar instant loans in Nigeria.

Disadvantages of QuickCredit

QuickCredit is limited to salary earners with accounts domiciled to GTBank, excluding self-employed users. The 2.95% monthly interest rate, while lower than some alternatives, may still be considered high by some. Also, strict eligibility checks mean not everyone who applies will qualify.

Final Verdict

If you meet the requirements and need money quickly, QuickCredit by GTBank offers a fast, transparent and relatively affordable solution for salary earners in Nigeria. Make sure to review your eligibility and repayment plan before applying.