How to Pay Back GTB Quick Credit Loan in Nigeria with USSD Code

Guaranty Trust Bank (GTBank), one of Nigeria's leading financial institutions, has made significant strides in simplifying the borrowing and repayment process for its customers through innovative financial solutions. One of these is the GTB Quick Credit loan, which offers customers quick access to funds without the need for collateral. But accessing credit is just one part of the equation; understanding how to repay the loan efficiently is equally crucial. Fortunately, GTBank has streamlined the repayment process using a USSD code, making it easy for customers to repay their loans from the convenience of their mobile phones.

This article will provide a detailed guide on how to repay your GTB Quick Credit loan using a USSD code, ensuring that you maintain a good credit score and a healthy relationship with the bank. It will also cover the benefits of using this repayment method, as well as important tips and precautions to consider when making repayments.

What is GTB Quick Credit?

GTB Quick Credit is a loan facility provided by Guaranty Trust Bank to its customers. It is designed to offer fast and convenient access to credit without the need for collateral or a guarantor. This loan can be used for various purposes, such as paying bills, funding education, or handling emergencies. The loan is characterized by competitive interest rates, and the amount that can be borrowed typically ranges from ₦10,000 to ₦5,000,000, depending on the customer's salary and credit profile.

Features of GTB Quick Credit Loan:

• Easy Access: The loan can be accessed quickly through a simple process without the need for extensive documentation.
• No Collateral Required: Unlike traditional loans, GTB Quick Credit does not require collateral, making it more accessible to a broader range of customers.
• Competitive Interest Rates: GTBank offers competitive interest rates on Quick Credit loans, which are lower than many other types of personal loans in the market.
• Flexible Repayment Periods: Customers can choose repayment periods ranging from 6 to 12 months, depending on their financial capability.
• 24/7 Access: The loan can be applied for at any time, making it convenient for customers to access funds whenever they need them.

How to Apply for GTB Quick Credit Loan Using USSD Code:

Before discussing the repayment process, it is essential to understand how to apply for the loan using GTBank's USSD code. The application process is straightforward:

1. Dial the USSD Code: Dial 73751*51# on your mobile phone using the number registered with your GTBank account.
2. Follow the Prompts: You will be prompted to enter the amount you wish to borrow and the repayment period.
3. Provide Information: Input the required information and confirm your application.
4. Receive Funds: If approved, the loan amount will be credited to your GTBank account almost instantly.

Repaying GTB Quick Credit Loan Using USSD Code:

Repaying your GTB Quick Credit loan is as easy as accessing it. GTBank has integrated a USSD-based repayment option that allows customers to repay their loans in a few simple steps. This method is not only convenient but also ensures that customers can manage their loan repayments seamlessly, avoiding the hassle of visiting a bank branch or using internet banking.

Steps to Repay GTB Quick Credit Loan Using USSD Code:

1. Dial the USSD Code: Using the phone number registered with your GTBank account, dial *737#.
2. Select the Loan Repayment Option: After dialing the code, a menu will appear. Select the option that corresponds to loan repayment. This is usually option 3 or the option labeled "Loans."
3. Choose Quick Credit Repayment: You will be presented with different loan options. Choose "Quick Credit" to proceed with the repayment.
4. Enter the Amount: Enter the amount you wish to repay. You can choose to repay the entire loan or make a partial repayment, depending on your agreement with the bank.
5. Confirm the Repayment: Follow the on-screen prompts to confirm your repayment. You will receive a confirmation message indicating that your loan repayment has been successful.

Benefits of Using USSD Code for Loan Repayment:

• Convenience: USSD code repayment eliminates the need to visit a bank branch or use internet banking, making it a convenient option for customers who prefer to manage their finances on the go.
• 24/7 Access: The USSD code repayment option is available 24/7, allowing customers to make loan repayments at any time of the day or night.
• Quick and Easy: The repayment process using USSD is quick, usually taking just a few minutes to complete.
• No Internet Required: USSD repayment does not require an internet connection, making it accessible even in areas with limited internet access.

Important Tips and Precautions:

• Ensure Sufficient Funds: Before initiating a loan repayment using the USSD code, ensure that your GTBank account has sufficient funds to cover the repayment amount.
• Check Repayment Schedule: It is important to be aware of your loan repayment schedule to avoid missing due dates, which could lead to penalties or affect your credit score.
• Confirm Repayment: Always confirm that the repayment transaction has been successful by checking your account balance or transaction history. You can do this by dialing 7376*1# to check your GTBank account balance.
• Keep Confirmation Messages: Save the confirmation messages received after making repayments for future reference. These messages can serve as proof of payment in case of any disputes.
• Contact Customer Support for Issues: If you encounter any issues while making repayments, contact GTBank customer support for assistance. You can reach them through their official helpline or by visiting a branch.

Conclusion

Repaying your GTB Quick Credit loan using a USSD code is a fast, easy, and secure method that offers numerous benefits, including convenience and round-the-clock accessibility. By following the steps outlined in this guide, you can manage your loan repayments efficiently, ensuring that you maintain a good credit score and a positive banking relationship with GTBank.

GTBank’s Quick Credit is a powerful tool for meeting urgent financial needs, and understanding how to repay the loan using the USSD code ensures that you can use this financial product responsibly. Always ensure that you are aware of your repayment schedule and have sufficient funds in your account to make timely repayments.

In summary, by using the USSD code *737# to manage your GTB Quick Credit loan, you can enjoy peace of mind knowing that your loan repayments are just a few clicks away.