4 Ways to get Instant Online Loan in Nigeria from GTI Microfinance Bank

Getting loans from conventional commercial banks can be tedious and time consuming most of the time. However, you can look to a microfinance bank to access these loans with less paper work if you meet the requirements.

To access any loan, you must be credit worthy and this depends on several factors:

• – Your repayment history for any previous loan
• – If you have another existing loan with another bank or lending company
• – Your income compared to the loan amount and repayment duration
• – Your guarantors capability of taking responsibility of your loan
• – Your creditworthiness is important because it will determine whether you get the loan you applied for.

But that’s not all. The more creditworthy you are, the better it is for you because your loan application is approved faster compared to a poor creditworthy person.

Get Instant Online Loan

• – IPPIS Loan
• – Oracle Loan
• – Private Sector Loan
• – Business Loan

1. IPPIS Loan

Federal government workers in Nigeria can apply for loans if their salary is paid through IPPIS.

IPPIS Stands for Integrated Payroll and Personnel Information System. It is a project initiated by the Federal Government of Nigeria (FGN) to improve the effectiveness and efficiency of payroll administration for its Ministries, Departments and Agencies (MDAs).

If you have a verified IPPIS number and have begun to collect your salary through IPPIS, then you can proceed to apply for a loan.

2. Oracle Loan

The Lagos state government also has a  payment system like the IPPIS system for their workers called ORACLE. 

Oracle number is given to all civil servants in Lagos state government. It is used to pay all the staff salaries within the government. 

With the Oracle number you can apply for any loan in Nigeria and get approved quickly.

3. Private Sector Loan

Getting approved for a loan as a Private sector worker needs some extra layer of security. Unlike government jobs, private jobs are not as secure.

However, things can be quite different if you have been in the company for a long time and you hold a big role.

In some cases, there may be a need to liaise with your employer to discuss the repayment of your loan, before your loan can be approved.

But if you provide a suitable guarantor, you can apply for a loan in Nigeria and get approved.

4. Business Loan

A business owner who doesn’t earn a salary can still apply for a online loan in Nigeria and get approved.

However, the requirements are different. The place of business and income flow of the business needs to be verified. 

Collateral and Guarantor may be required in some cases, and a direct debit mandate on their business account may be required as well.

If all these requirements are met, you can proceed to apply.

Requirements to get a loan in Nigeria

• – ORACLE Number or IPPIS Number
• – Salary Pay slip
• – Bank statement of account showing his/her net pay.
• – Employment / Confirmation / Deployment Letter is required
• – Bank Verification Number
• – Valid National ID card
• – Work ID card

Get an Emergency Online Loan in Nigeria from GTI Microfinance Bank

If you fulfil any of these requirements and have the relevant documents, our internal credit officers will review your application within 24 hours.

If your loan is approved, it will be credited to your account immediately. If it is not, then one of our internal credit officers will call you to rectify the problem.

Please note that Repayments are made directly as deductions from your company salary account on the agreed payment date(s).

Begin your loan application, or call 07081051231.