GTBank (QuickCredit) — review & details
Guaranty Trust Bank's instant digital loan for existing customers, drawn down through USSD or the GTWorld app. Advertised at one of the lowest rates for consumer credit in Nigeria, but you need an established GTBank relationship to qualify.
Bank rate
GTBank (QuickCredit)
★★★★☆
Instant personal loan for GTBank customers
Loan Type
Monthly instalments, up to about a year
Tenor
Product of Guaranty Trust Bank, a CBN-licensed commercial bank
Licence
Minutes via USSD (*737*51*51#) or the app — no branch visit
Speed
Salary earners and active GTBank customers who want cheap credit
Best For
bank
Type
Pros
- Bank-priced credit — far cheaper than typical digital loan apps
- Fully digital application via USSD or GTWorld, no collateral or paperwork
- Instalment structure over months rather than weeks makes repayments manageable
Cons
- Only available to GTBank customers with account history — new customers cannot simply download an app and borrow
- Your offered limit is tied to your salary or account turnover, so it may be far below the advertised maximum
- A one-off credit insurance fee is added to the cost, and missed repayments affect your credit bureau record
Fees, eligibility & documents
Fees
InterestLow by Nigerian consumer-credit standards — one of the cheapest advertised monthly rates from a commercial bank; confirm the current rate on the *737* menu before accepting
Other chargesOne-off credit insurance fee applies; check the offer screen for the exact figure
Eligibility
- Active GTBank account (salary or current/savings with regular inflows)
- Satisfactory credit bureau record and BVN
- Account history with the bank — typically several months to a year
Documents needed
- None uploaded — the bank uses your existing account records and BVN
How GTBank (QuickCredit) compares in personal loans
| GTBank (QuickCredit) | FairMoney | Renmoney | |
|---|---|---|---|
| Loan Type | Instant personal loan for GTBank customers | — | — |
| Tenor | Monthly instalments, up to about a year | — | — |
| Licence | Product of Guaranty Trust Bank, a CBN-licensed commercial bank | CBN microfinance bank | CBN microfinance bank |
| Speed | Minutes via USSD (*737*51*51#) or the app — no branch visit | — | — |
| Best For | Salary earners and active GTBank customers who want cheap credit | — | — |
| Visit GTBank → | Visit FairMoney → | Visit Renmoney → |
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