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Salary Plus

This is a salary loan that offers salary earners who have been assessed to have the capacity to borrow up to 3 times their monthly take home. Subject to a maximum amount of N1m (beyond this amount will require additional security), the repayments can be spread over 3 – 8 months tenor. Security will be a suitable guarantor as well as signed and undated cheques.

  • Applicant must be in  paid employment on a weekly or monthly salary.
  • Monthly repayment must not be more than 40% of applicant’s take home pay.
  • Applicant must enclose pay slip and/or statement of account showing his/her net pay.
  • Confirmation letter or employment letter is required.
  • The loan must be guaranteed by a senior colleague in the applicant’s office or somebody who earns more than the applicant but in another employment.
  • Applicant’s company/organisation must be known to have paid salary continuously in the last 6 months without default.
  • A post-dated cheque covering all the principal and interest due within the tenor of the loan must be provided by the applicant. Where not possible (for non-checking or invalid for clearing accounts), a direct debit mandate duly executed must be in place before disbursement.
  • The guarantor shall issue an undated cheque covering the loan principal and interest.
  • Where feasible, applicant should domicile his/her salary with GTI MFB otherwise an irrevocable letter of authority (standing order) instruction should be given to the bank where his/her salary is domiciled to transfer the monthly principal and interest to his/her account with GTI MFB on monthly basis until the entire loan is liquidated.
  • All documents and information provided by the applicant must be verified and confirmed genuine and authentic before loan disbursement

Online Banking now Available

Saha is a digital bank powered by GTI Microfinance Bank.

We are encouraging all our users to make use of the digital bank for ease of doing business with us.

Click on the button below, or type www.saha.ng in your browser to go to Saha

when you get there, create an account, and enjoy banking with us 24/7.

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