Guaranty Trust Bank Vehicle Insurance

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  • Post category:Banks

Guaranty Trust Bank Vehicle Insurance



  • 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

What’s in it for you?

  • Instant availability of funds to pay for insurance premium.
  • Opportunity to pay for insurance premium on monthly basis
  • Insurance cover without physically visiting insurance office

Who Can Apply

How To Apply


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