Get GTbank Fashion Industry Credit – Up To 5million Naira Loan.
Get GTbank Fashion Industry Credit
Fashion is trendy
GTbank fashion industry credit is a time loan specially designed for people in the fashion industry to provide capital funding to them. It is targeted at SME’s in the fashion industry.
Building a fashion business, which is bespoke and engaging can be very interesting and exciting. To ensure that your dreams of being the big name in fashion and designing, GTbank has introduced a single digit 9% interest rate loan called the GTbank Fashion Industry Credit Loan. Entrepreneurs in the fashion industry should key into this.
Single digit (9% per annum) interest rate at 0.75% per month
No fees
Flexible repayment plan spread over 360 days
Customers can access up to 50% of average annual turnover
Simply click on Fashion Credit on GAPS Lite and follow the prompts or walk into any GTbank today for inquiries and setup.
Some Frequently Asked Questions about GTbank Fashion Industry Credit Include
1. What is Fashion Credit?
Fashion Credit is a time loan specially designed to provide capital funding to SMEs in the fashion industry.
2. What is the minimum loan amount?
The minimum amount is N250,000
3. What is the maximum loan amount?
The Maximum amount is N5 Million
4. What is the maximum tenor for Fashion Credit?
The tenure is 360 days (12 months)
5. What interest rate will I be paying if I use apply for Fashion Credit?
The Interest rate 9% per annum (0.75% per month).
6. How much should my average turnover be to qualify for Fashion Credit?
Minimum average turnover of N500,000.00
7. How can I access the Fashion Credit loan?
Fashion Industry Credit is available on GAPS, GAPS Lite
8. Is there a minimum and maximum age for eligibility?
Yes, business must be more than 3 years.
9. What if I have an existing loan with other banks, can I still apply for Fashion Credit?
No you cannot
HERE ARE THE TERMS AND CONDITIONS AS QUOTED BY THE BANK
Business must be duly registered with Corporate Affairs Commission with appropriate TIN and SCUML where applicable(Both Business names and Limited Liability Companies).
Business must have been operating an account with the Bank for at least 1 year.
Qualified customers can access 50% of average annual turnover).