How to Apply for the GT Max Plus Loan

How to Apply for the GT Max Plus Loan, Requirements, Application Steps, Contact Channels, and Frequently Asked Questions

The GT Max Plus Loan from Guaranty Trust Bank (GTBank) is designed for high-income salaried customers seeking substantial financing. This section explains how to apply, the eligibility criteria, the steps involved, how to contact the bank, and three frequently asked questions.

Application Process

To apply for the GT Max Plus Loan, follow these steps:

1. Verify that you meet the eligibility criteria (detailed below).
2. Obtain and complete the official “MaxPlus Application Form” and the “Employer Undertaking Form”.
3. Submit your completed forms and required documentation to your GTBank branch or your relationship manager in the bank’s premium salary-account segment.
4. The bank assesses your application, verifies your salary account domiciliation, employer details and income profile.
5. Upon approval, you will receive an offer letter. Once you accept the terms and sign the loan agreement, GTBank disburses the funds. According to the bank, disbursement can occur within 48 hours of receipt of the completed documents.

Requirements for Obtaining the Loan

To qualify for the MaxPlus Loan, you must meet several criteria:

• You must be a salaried individual whose salary account is domiciled with GTBank and must be within the bank’s premium/platinum customer segment.
• Your minimum annual net income must meet the bank’s threshold for this product (published eligibility indicates a net annual income of at least ₦20 million).
• You must complete the official application form and employer undertaking form.
• Your salary must be fully domiciled at GTBank (i.e., your employer pays your salary through the GTBank account).
• You must have a satisfactory credit profile and demonstrate stable income. While GTBank doesn’t publicly publish all credit-score criteria, it is implicit. (General GTBank loan guidance indicates a steady income and good account standing.)

Steps Involved (Detailed)

• Step 1: Contact your GTBank relationship manager or visit a branch to request the MaxPlus Application Form and Employer Undertaking Form.
• Step 2: Complete the application, including personal data, employer details, salary information, desired loan amount and tenor.
• Step 3: Your employer completes and signs the employer undertaking form, confirming that your salary will continue to be domiciled with the bank and that the bank can debit your salary account for repayments.
• Step 4: Submit both forms, along with any additional required documentation (e.g., recent salary statements, employer verification, proof of identity) to GTBank.
• Step 5: GTBank reviews the application: checks salary history, employer confirmation, domiciliation of account, credit risk, and eligibility.
• Step 6: If approved, GTBank issues an offer letter, you sign the loan agreement, and the funds are disbursed—typically within 48 hours after all documents are in order.
• Step 7: The loan starts; repayments are made as equal monthly instalments of principal and interest, and monthly deductions cannot exceed 50% of net monthly salary.

Bank’s Contact Channels

Should you need assistance or further information regarding the MaxPlus Loan, you can reach GTBank via the following channels:

• Phone number: +234 201 448 0000, +234 700 4826 66328
• Head Office Address: Plot 635, Akin Adesola. Victoria Island, Lagos.
• Facebook, X, Instagram and Linkedin.

Frequently Asked Questions (FAQs)

1. Am I required to provide collateral for the MaxPlus Loan?
   No. The MaxPlus Loan is structured as an unsecured personal loan for eligible salaried customers—collateral is not required, assuming the salary account is domiciled with GTBank and you meet eligibility criteria.
2. How long does it take for the loan to be disbursed after approval?
   Once GTBank receives all completed forms and documentation, funds can be disbursed within approximately 48 hours.
3. What is the maximum monthly deduction from my salary for loan repayment?
   Repayments for the MaxPlus Loan are structured so that the total monthly deduction cannot exceed 50% of the borrower’s net monthly salary.

Learn more

The GT Max Plus Loan offers a premium borrowing solution for high-income salaried individuals seeking significant financing support with minimal collateral requirements. By meeting the eligibility criteria—such as salary domiciliation with the bank and requisite income thresholds—and by following the structured application process, borrowers can access funds quickly and with manageable repayment terms.

Always ensure that you review your offer letter carefully, understand the repayment obligations, confirm that your monthly salary and cash flow can sustain the instalments, and use the contact channels of GTBank for any clarifications. When applied conscientiously, this loan facility can support ambitious personal or professional financial goals while preserving financial stability.

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