Guaranty Trust Bank Plc has introduced a new airtime credit service known as Quick Airtime Loan, making it easier and cheaper for eligible customers to borrow airtime directly from their GTBank accounts when they run out of credit and have no cash available.
The bank announced that customers can now access the service by simply dialing *737*90#, which allows them to borrow airtime of up to N7,500 instantly and pay back later at a service fee of 2.95 per cent, significantly lower than what is obtainable from many similar airtime loan services in Nigeria.
The Quick Airtime Loan service is designed to support customers who urgently need airtime for calls or data, especially in situations where they are unable to recharge immediately. Once the code is dialed, the airtime is credited instantly to the customer’s line without paperwork or physical bank visits.
According to the information released by GTBank, the service is available strictly to qualifying GTBank customers, and access is determined by internal eligibility checks such as account activity and usage history.
How GTBank Quick Airtime Loan Works
To access the Quick Airtime Loan, customers are required to use the GTBank USSD banking code. By dialing *737*90#, eligible users can borrow airtime directly from the bank. The borrowed airtime is repaid automatically on the customer’s next inflow or account funding, alongside the applicable service fee.
The bank confirmed that customers can borrow airtime up to N7,500, depending on eligibility, and repayment attracts a 2.95 per cent charge, which GTBank says is cheaper compared to other airtime credit options available in the market.
Lower Charges Compared to Other Airtime Loan Services
One of the major highlights of the new Quick Airtime Loan is the reduced service fee. While many airtime loan services in Nigeria charge as high as 15 per cent or more, GTBank’s Quick Airtime Loan comes with a 2.95 per cent service fee, making it one of the more affordable options currently available to bank customers.
This pricing structure is expected to appeal to customers who regularly rely on airtime loans, especially small business owners, traders, and professionals who depend on constant communication for daily operations.
Who Can Use GTBank Quick Airtime Loan
GTBank stated that the service is not automatically available to all customers. Only qualifying GTBank customers can access the Quick Airtime Loan, and eligibility is based on factors such as account usage, transaction history, and compliance with the bank’s internal requirements.
Customers who are eligible will be able to access the service seamlessly through the USSD code without needing to download any mobile application or visit a bank branch.
Terms and Conditions Apply
GTBank has clearly stated that terms and conditions apply to the Quick Airtime Loan service. Customers are advised to ensure they understand the repayment structure and service fee before using the feature. Repayment is automatic, and failure to maintain sufficient funds in the account may affect future eligibility.
What This Means for GTBank Customers
The introduction of Quick Airtime Loan reflects GTBank’s continued focus on expanding digital banking services that address everyday customer needs. By offering instant airtime loans at a lower cost, the bank is positioning the service as a convenient alternative to traditional airtime credit options offered by telecom operators.
For customers who rely heavily on mobile communication, especially in emergency situations, the Quick Airtime Loan provides a fast and practical solution without the stress of sourcing cash immediately.
Conclusion
With the launch of Quick Airtime Loan, GTBank has added another feature to its growing list of USSD-based banking services. The ability to borrow airtime instantly by dialing *737*90#, combined with a relatively low service fee of 2.95 per cent, makes the offering attractive for eligible customers.
However, access remains limited to qualifying users, and customers are encouraged to review the applicable terms and conditions before using the service.