GTB Salary Advance is one of the loan options Gtbank offers to their customers. It’s a convenient loan that allows salary earners to access up to 50% of their monthly salary.
For those who have taken the loan and want to pay back, either on the due date or earlier, this is the post for you. We will show you how to pay back your salary advance loan and keep your finances in check.
Liquidating your loan early can help you avoid extra interest and regain control over your finances. Here’s a guide on how to pay back your GTBank Salary Advance loan.
How to Repay Gtbank Salary Advance Loan
The steps to repay your loan is straightforward. Below is a guide to walk you through:
1. Check Your Outstanding Loan Balance
Before you can liquidate the loan, you need to know how much you owe. You can do this easily through GTBank’s digital platforms:
GTB Mobile App: Log into the app, select the “Loans” option, and check your loan balance.
Internet Banking: Log into your GTBank internet banking, go to the loan section, and view your outstanding balance.
USSD Code: Dial *737*8# on your phone and follow the prompts to check your loan balance.
Knowing the exact amount will help you plan how much you need to pay.
2. Pay back your loan
Once you know your outstanding balance, transfer the total amount into your GTBank account. GTBank will automatically deduct the amount from your account to settle the loan. If you want to liquidate early, make sure the account balance covers both the principal amount and any accrued interest and follow the steps below:
- Open Gtworld app
- Click on Products
- Click on Apply for loan
- Select the loan type you want to repay
- Click on Liquidate now
- Input your PIN and confirm transaction successful
3. Visit a branch
If you encounter any problem while trying to repay salary advance loan you may want to contact GTB for assistance.
Visit any GTBank branch and inform the customer service that you want to liquidate salary advance loan. You can do this through any of the following ways:
You can talk to GTBank’s customer care via their official helpline 08039003900.
Send an email to gtconnect@gtbank.com to request confirmation of your loan liquidation.
Benefits of Early Repayment
Save on Interest: Paying off the loan early helps you save on monthly interest charges.
Improve Your Credit Standing: Clearing the loan on time or early can improve your credit score with GTBank and other financial institutions.
Access New Loans: Once you liquidate the loan, you’re free to apply for other loans if needed.
Conclusion
Liquidating your GTBank Salary Advance loan is a simple process. First, check your outstanding loan balance. Then, ensure your account has enough funds to cover the loan.
Notify GTBank if necessary, and confirm the loan has been fully settled. By liquidating early, you can save money and improve your financial health.
