Are you looking for a convenient way to pay for your car insurance premium? GTBank offers a special loan tailored for both individuals and corporate entities, allowing you to cover your insurance costs upfront and repay over a comfortable 12-month period. Let’s take a closer look at what this GTB Car Loan has to offer.
What You Gain:
- Instant Access to Funds: With GTB Car Loan, you get immediate access to the funds you need to pay for your insurance premium.
- Flexible Monthly Payments: This loan provides you the flexibility to pay for your car insurance premium in monthly installments.
- Convenient Insurance Coverage: No need to visit the insurance office in person; GTB Car Loan ensures you’re covered hassle-free.
Features:
- For Individuals and Corporate Entities:
- Individuals can avail loans ranging from N20,000 to N1 million.
- Corporate organizations can access loans between N20,000 to N5 million.
- Maximum Loan Tenor: The loan can be repaid over a maximum period of 1 year.
- Competitive Interest Rate: Enjoy a competitive monthly interest rate of 1.67%.
- Equity Contribution: A 20% equity contribution of the total insurance premium cost is required.
- One-Time Flat Fee: A one-time 1% flat fee is charged.
How to Apply for the GTB Car Loan:
Applying for the GTB Car Loan is straightforward. You can choose between two convenient methods:
1. Internet Banking Platform:
- Apply online for immediate loan availability.
2. GAPS/GAPS Lite:
- Instant loan approval.
- Your car insurance provider processes your insurance within 48 hours.
- Receive a copy of your insurance certificate via email.
- Repay the loan on a monthly basis.
Conclusion:
The GTB Car Loan from GTBank is designed to simplify the process of paying for your vehicle insurance premium. Whether you’re an individual or a corporate entity, this loan offers flexibility, convenience, and competitive terms. With quick access to funds and easy repayment options, it’s a smart choice for securing the coverage you need. Apply today through GTBank’s internet banking platform or GAPS/GAPS Lite for a hassle-free insurance solution.