Guaranty Trust Bank Vehicle Insurance

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Loan Amount: Individuals – N20,000 – N1,000,000 (Individuals) & N20,000 – N5,000,000 (Corporate)
Tenor: Maximum of 1 year
Pricing: Interest Rate is 1.67% per month
Repayment: Equal monthly repayment comprising principal and interest
Equity Contribution: 20% of total insurance premium cost
Fees: 1% one-off flat fee

Individual Customers whose salary accounts are domiciled with the Bank;
All SME’s and Corporates with accounts domiciled with the Bank and with access to GAPs

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1. You can apply for the Vehicle Insurance Premium Financing on Internet Banking or on GAPS

Internet Banking

• Sign On — Menu— Insurance Loans —- Vehicle Insurance

GAPs/GAPs Lite

• Sign On – — Single Transactions—– Collections —– Insurance Loans—– Vehicle Insurance Leadway

2. Loan is availed immediately

3. Insurance Service provider processes policy for the customer within 48 hours.

4. A copy of the insurance certificate is sent to the customer’s email address.

5. Customer repays the loan on monthly basis

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