GTBank (QuickCredit for Small Business) — review & details
The small-business variant of GTBank's QuickCredit gives existing business customers pre-approved credit against account turnover at bank-level pricing — among the cheapest SME money in Nigeria if your business banks with GTBank.
Bank rate
GTBank (QuickCredit for Small Business)
★★★★☆
Digital small-business loan against account turnover
Loan Type
Monthly instalments — confirm the current maximum with the bank
Tenor
Product of Guaranty Trust Bank, a CBN-licensed commercial bank
Licence
Fast for pre-qualified customers via GTBank digital channels
Speed
Small businesses already banking with GTBank that want cheap working capital
Best For
bank
Type
Pros
- Commercial-bank pricing — substantially cheaper than microfinance or digital SME lenders
- No separate application bureaucracy for pre-qualified customers; drawn through GTBank's digital channels
- Sits inside a full business-banking relationship (accounts, POS, collections)
Cons
- Only for existing GTBank business customers — turnover in your GTBank account drives your limit
- Newer businesses or those banking elsewhere will not qualify
- The bank publishes little public detail on the product page; terms only become clear once you are pre-qualified
Fees, eligibility & documents
Fees
InterestBank-level monthly rate — among the lowest available for SME credit in Nigeria; confirm the current rate and any insurance/management fees on your offer before drawing down
Eligibility
- Active GTBank business account with consistent turnover
- Satisfactory credit bureau record
- Pre-qualification is at the bank's discretion based on account behaviour
Documents needed
- Generally none — the bank relies on your account history and BVN/RC records
How GTBank (QuickCredit for Small Business) compares in business loans
| GTBank (QuickCredit for Small Business) | Bank of Industry (BOI) | Development Bank of Nigeria (DBN) | |
|---|---|---|---|
| Loan Type | Digital small-business loan against account turnover | — | — |
| Tenor | Monthly instalments — confirm the current maximum with the bank | — | — |
| Licence | Product of Guaranty Trust Bank, a CBN-licensed commercial bank | — | — |
| Speed | Fast for pre-qualified customers via GTBank digital channels | — | — |
| Best For | Small businesses already banking with GTBank that want cheap working capital | Registered SMEs with a solid plan | Longer-term MSME finance |
| Visit GTBank → | Visit BOI → | Visit DBN → |
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