₦airaland Forum

Joy2Dwise:
I kept receiving pop-up messages from GTB on my mobile app stating that I was qualified to apply for loan but I kept ignoring them cus I knew that getting a loan is not as easy as that. I knew what I went through on few occasions when I had to take loans as small as 300k to sort out some immediate financial needs. It got to a point when I began to expect the bank to request the death certificate of my great grand father before they approve a loan amount that is not even up to my monthly earnings. The most embarrassing moment was when two close friends refused to sign guarantor forms because they claimed it was against their principle. I had to swallow my pride and go to a junior who eventually stood in as my guarantor at the end.

Out of curiousity, I clicked "accept'' just to see if it was real. Next message I got was that "your application has been accepted". To cut the long story short, I received an alert of about 1m.150k just few hours later and this sounded incredible. A scanned copy of the repayment plan was later emailed to me and when I did the calculation, I found out that the total percentage of interest is about 12% as against 22 - 26% which I was forced to cough out in previous loans I took from different banks in the past. This to me was a good deal even though I don't have a specific plan for it. Had to push it to my son's account while I wrap my head around what best to do with the money.

This instant loan and the attractive interest rate kept me wondering on the following:

1. Does it mean the banks now have so much money in their coffers to lend out to customers even without asking?
2. What is the reason for the low interest rate which to me is still far lower than what is obtainable?

I called my account officer to ascertain if I can invest it in FG bond but I wasn't impressed with the interest rate so I'm going to keep it in the bank pending on when I decide on what to do with it. Any good idea is however welcomed.

Let's invest it into small standard Restaurant. I have the skills and experience from top hotels Restaurant I have work it.

Restaurant is one of the most lucrative business in Nigeria especially if you have a good cook and good business plans.

Looking forward to hear from you. I'm real 100%

Joy2Dwise:
I kept receiving pop-up messages from GTB on my mobile app stating that I was qualified to apply for loan but I kept ignoring them cus I knew that getting a loan is not as easy as that. I knew what I went through on few occasions when I had to take loans as small as 300k to sort out some immediate financial needs. It got to a point when I began to expect the bank to request the death certificate of my great grand father before they approve a loan amount that is not even up to my monthly earnings. The most embarrassing moment was when two close friends refused to sign guarantor forms because they claimed it was against their principle. I had to swallow my pride and go to a junior who eventually stood in as my guarantor at the end.

Out of curiousity, I clicked "accept'' just to see if it was real. Next message I got was that "your application has been accepted". To cut the long story short, I received an alert of about 1m.150k just few hours later and this sounded incredible. A scanned copy of the repayment plan was later emailed to me and when I did the calculation, I found out that the total percentage of interest is about 12% as against 22 - 26% which I was forced to cough out in previous loans I took from different banks in the past. This to me was a good deal even though I don't have a specific plan for it. Had to push it to my son's account while I wrap my head around what best to do with the money.

This instant loan and the attractive interest rate kept me wondering on the following:

1. Does it mean the banks now have so much money in their coffers to lend out to customers even without asking?
2. What is the reason for the low interest rate which to me is still far lower than what is obtainable?

I called my account officer to ascertain if I can invest it in FG bond but I wasn't impressed with the interest rate so I'm going to keep it in the bank pending on when I decide on what to do with it. Any good idea is however welcomed.

Oh you are seeking for advice.

Spend it on politics.

First bank see your mate...?

USELESS Bank. Always collecting the small I have.

You obtained a loan of as much as 1 million without any initial plan of what to do with the money?

invest it on bet9ja sure odd na

Yes they now offer loans like that due to BVN validity.
I recently got the same kind of message from my bank (ACCESS BANK) and on dialing the number, I got a loan of 350k just like that. The loan came in within 5 minutes and I was shocked. The funny part is, I didn't even need the loan, I just wanted to try the fast code and laugh at their stupidity later.

Shezkid Bakayoko
your are called

Accountability and ease of data collation is the reason banks can give you money without plenty of fears.

With your BVN, all other accounts linked to you in the bank and in other banks can be traced. Literally speaking, you, as an individual cannot go anywhere if the bank wants to find you. Your BVN can be reported for fraud, and it will be flagged. If you enter a bank to make a transaction, it will pop up. You can only run if you don't intend to use any bank in Nigeria again.

So banks are thinking, who would want to go through all that stress for 1 million naira?

Will u love to invest in tiles and marble business, u could make back 20% of ur money in 2months time ask me how?

Joy2Dwise:
I kept receiving pop-up messages from GTB on my mobile app stating that I was qualified to apply for loan but I kept ignoring them cus I knew that getting a loan is not as easy as that. I knew what I went through on few occasions when I had to take loans as small as 300k to sort out some immediate financial needs. It got to a point when I began to expect the bank to request the death certificate of my great grand father before they approve a loan amount that is not even up to my monthly earnings. The most embarrassing moment was when two close friends refused to sign guarantor forms because they claimed it was against their principle. I had to swallow my pride and go to a junior who eventually stood in as my guarantor at the end.

Out of curiousity, I clicked "accept'' just to see if it was real. Next message I got was that "your application has been accepted". To cut the long story short, I received an alert of about 1m.150k just few hours later and this sounded incredible. A scanned copy of the repayment plan was later emailed to me and when I did the calculation, I found out that the total percentage of interest is about 12% as against 22 - 26% which I was forced to cough out in previous loans I took from different banks in the past. This to me was a good deal even though I don't have a specific plan for it. Had to push it to my son's account while I wrap my head around what best to do with the money.

This instant loan and the attractive interest rate kept me wondering on the following:

1. Does it mean the banks now have so much money in their coffers to lend out to customers even without asking?
2. What is the reason for the low interest rate which to me is still far lower than what is obtainable?

I called my account officer to ascertain if I can invest it in FG bond but I wasn't impressed with the interest rate so I'm going to keep it in the bank pending on when I decide on what to do with it. Any good idea is however welcomed.

DaddyYeeboz:
The repayment is not 12% per annum before you use your head to break coconut o.

He said interest rate, and what do you mean by per annual

All i know is loan from Nigerian banks is a scam

ruggedtimi:
hope you pay back soon..

Of course. I've never been a bad debtor all my life and wont start now.

fonzie2u:
Dont keep the money idle,remember repayment is principal plus interest accrued..its a carrot and stick approach

Interest rate may rise,also what is the amortization like..

That's why I'm not in a hurry to use it. For those trying to discourage people from bank loans, I bought my first two piece of lands along the Lekki-Epe Expressway through bank loan in 2012. The value of that land doubled before I finished paying the loan. If I had waited to gather the money on my own, I'm not sure I'd have been able to acquire that property at that time. Borrowing is one thing, investing wisely is another.

dominique:
You're eligible for the loan because you get regular credit alerts in your account, you probably receive salary on that account. I'm sure they've implemented a repayment plan on your account by now, expect to get monthly deductions from your account till the loan is fully repaid.

actually the repayment is all accounts linked to his bvn incase he tries to be smart. Access bank has the same offer.

Bros!! Pls ooo be very careful with dis banks..

What they did to u is what i call "DRAW ME NEARER", lemme explain better.

They re trying to make u come closer collect more loans maybe dis time a very much bigger amount with larger inerest and collect collateral maybe a landed property or so. When u dnt meet up dey seize ur property nd sell it or personalize it.


Pls if u dnt av any investment plans dnt collect loans especially from banks.

Here Is top business ideas you can invest your money into for profit

https://www.enbaz.com/2019/08/nigeria-top-business-ideas-for.html?m=1

Joy2Dwise:
I kept receiving pop-up messages from GTB on my mobile app stating that I was qualified to apply for loan but I kept ignoring them cus I knew that getting a loan is not as easy as that. I knew what I went through on few occasions when I had to take loans as small as 300k to sort out some immediate financial needs. It got to a point when I began to expect the bank to request the death certificate of my great grand father before they approve a loan amount that is not even up to my monthly earnings. The most embarrassing moment was when two close friends refused to sign guarantor forms because they claimed it was against their principle. I had to swallow my pride and go to a junior who eventually stood in as my guarantor at the end.

Out of curiousity, I clicked "accept'' just to see if it was real. Next message I got was that "your application has been accepted". To cut the long story short, I received an alert of about 1m.150k just few hours later and this sounded incredible. A scanned copy of the repayment plan was later emailed to me and when I did the calculation, I found out that the total percentage of interest is about 12% as against 22 - 26% which I was forced to cough out in previous loans I took from different banks in the past. This to me was a good deal even though I don't have a specific plan for it. Had to push it to my son's account while I wrap my head around what best to do with the money.

This instant loan and the attractive interest rate kept me wondering on the following:

1. Does it mean the banks now have so much money in their coffers to lend out to customers even without asking?
2. What is the reason for the low interest rate which to me is still far lower than what is obtainable?

I called my account officer to ascertain if I can invest it in FG bond but I wasn't impressed with the interest rate so I'm going to keep it in the bank pending on when I decide on what to do with it. Any good idea is however welcomed.

I hope you have a good Job to service the loan

Yea diamond into it.sorry access bank.got the sms tried it.gbam i was credited.note is a salary acct too.dis. guys making money just like borrowing credit on ur call line.4% intrest on every borrowed.helped me as school wan start.gave me 500k minus dr 4%.

They are great. I have tried it before and it was cool.

I can recommend it. 1.75% interest only.

Extra cool

I didn't believe it either when I saw the text message earlier this year, just decided to try it out with 50k loan. Pan-Pan alert of 50k just landed in my account with flexibel payment spread over twelve months at 1.75% interest rate.
GTBank

Joy2Dwise:
I kept receiving pop-up messages from GTB on my mobile app stating that I was qualified to apply for loan but I kept ignoring them cus I knew that getting a loan is not as easy as that. I knew what I went through on few occasions when I had to take loans as small as 300k to sort out some immediate financial needs. It got to a point when I began to expect the bank to request the death certificate of my great grand father before they approve a loan amount that is not even up to my monthly earnings. The most embarrassing moment was when two close friends refused to sign guarantor forms because they claimed it was against their principle. I had to swallow my pride and go to a junior who eventually stood in as my guarantor at the end.

Out of curiousity, I clicked "accept'' just to see if it was real. Next message I got was that "your application has been accepted". To cut the long story short, I received an alert of about 1m.150k just few hours later and this sounded incredible. A scanned copy of the repayment plan was later emailed to me and when I did the calculation, I found out that the total percentage of interest is about 12% as against 22 - 26% which I was forced to cough out in previous loans I took from different banks in the past. This to me was a good deal even though I don't have a specific plan for it. Had to push it to my son's account while I wrap my head around what best to do with the money.

This instant loan and the attractive interest rate kept me wondering on the following:

1. Does it mean the banks now have so much money in their coffers to lend out to customers even without asking?
2. What is the reason for the low interest rate which to me is still far lower than what is obtainable?

I called my account officer to ascertain if I can invest it in FG bond but I wasn't impressed with the interest rate so I'm going to keep it in the bank pending on when I decide on what to do with it. Any good idea is however welcomed.

you better start putting it into work, make profit and pay up before debt choke you to dwath

Joy2Dwise:
I kept receiving pop-up messages from GTB on my mobile app stating that I was qualified to apply for loan but I kept ignoring them cus I knew that getting a loan is not as easy as that. I knew what I went through on few occasions when I had to take loans as small as 300k to sort out some immediate financial needs. It got to a point when I began to expect the bank to request the death certificate of my great grand father before they approve a loan amount that is not even up to my monthly earnings. The most embarrassing moment was when two close friends refused to sign guarantor forms because they claimed it was against their principle. I had to swallow my pride and go to a junior who eventually stood in as my guarantor at the end.

Out of curiousity, I clicked "accept'' just to see if it was real. Next message I got was that "your application has been accepted". To cut the long story short, I received an alert of about 1m.150k just few hours later and this sounded incredible. A scanned copy of the repayment plan was later emailed to me and when I did the calculation, I found out that the total percentage of interest is about 12% as against 22 - 26% which I was forced to cough out in previous loans I took from different banks in the past. This to me was a good deal even though I don't have a specific plan for it. Had to push it to my son's account while I wrap my head around what best to do with the money.

This instant loan and the attractive interest rate kept me wondering on the following:

1. Does it mean the banks now have so much money in their coffers to lend out to customers even without asking?
2. What is the reason for the low interest rate which to me is still far lower than what is obtainable?

I called my account officer to ascertain if I can invest it in FG bond but I wasn't impressed with the interest rate so I'm going to keep it in the bank pending on when I decide on what to do with it. Any good idea is however welcomed.

you better start putting it into work, make profit and pay up before debt choke you to death

Buhari is working

Kelvin30286063:
Yes they now offer loans like that due to BVN validity.
I recently got the same kind of message from my bank (ACCESS BANK) and on dialing the number, I got a loan of 350k just like that. The loan came in within 5 minutes and I was shocked. The funny part is, I didn't even need the loan, I just wanted to try the fast code and laugh at their stupidity later.

You think its stupidity, make no mistake, every single money will be recovered. Including profit.

Make no mistake whatsoever

GTbank is the best bank in Nigeria

1984och:
Fantastic! What a welcomed development. This is good news for young entreprenuers. The sad story is that they only give to salary earners. It should be extended to entrepreneurs without 9 to 5 jobs.

I tried using it to buy a car for Uber business by dialing *737*51*51#, but was told to open a salary account with them. But as I no get job now, nothing for me

dude u lie... Im eligible to over 200k or so... If ur account is active atleast they would, but im not ready for loans anyway i dont fancy it.. Ill rather collect it from families and friends

Good one, to oil the economy...

zeromeridian:
Since Innoson won GT bank at the supreme court, GTbank has started recruiting online marketers
trying to convince people to open account with them so that they can get instant loan.

The op is GTbank online marketer. They are looking for people to deposit money with GTB.
I had a call from someone telling me to open account with gt, that with minimum balance of 100k
that i can get a loan for 1m. but all na lies.

they are looking for money from everywhere to pay innoson.

Joy2Dwise:
I kept receiving pop-up messages from GTB on my mobile app stating that I was qualified to apply for loan but I kept ignoring them cus I knew that getting a loan is not as easy as that. I knew what I went through on few occasions when I had to take loans as small as 300k to sort out some immediate financial needs. It got to a point when I began to expect the bank to request the death certificate of my great grand father before they approve a loan amount that is not even up to my monthly earnings. The most embarrassing moment was when two close friends refused to sign guarantor forms because they claimed it was against their principle. I had to swallow my pride and go to a junior who eventually stood in as my guarantor at the end.

Out of curiousity, I clicked "accept'' just to see if it was real. Next message I got was that "your application has been accepted". To cut the long story short, I received an alert of about 1m.150k just few hours later and this sounded incredible. A scanned copy of the repayment plan was later emailed to me and when I did the calculation, I found out that the total percentage of interest is about 12% as against 22 - 26% which I was forced to cough out in previous loans I took from different banks in the past. This to me was a good deal even though I don't have a specific plan for it. Had to push it to my son's account while I wrap my head around what best to do with the money.

This instant loan and the attractive interest rate kept me wondering on the following:

1. Does it mean the banks now have so much money in their coffers to lend out to customers even without asking?
2. What is the reason for the low interest rate which to me is still far lower than what is obtainable?

I called my account officer to ascertain if I can invest it in FG bond but I wasn't impressed with the interest rate so I'm going to keep it in the bank pending on when I decide on what to do with it. Any good idea is however welcomed.

I have applied for the loan last year from GTB. They charge 1.75% per month which translates to 21%. How did you get your 12%? Please shed more light please?

Joy2Dwise:
I kept receiving pop-up messages from GTB on my mobile app stating that I was qualified to apply for loan but I kept ignoring them cus I knew that getting a loan is not as easy as that. I knew what I went through on few occasions when I had to take loans as small as 300k to sort out some immediate financial needs. It got to a point when I began to expect the bank to request the death certificate of my great grand father before they approve a loan amount that is not even up to my monthly earnings. The most embarrassing moment was when two close friends refused to sign guarantor forms because they claimed it was against their principle. I had to swallow my pride and go to a junior who eventually stood in as my guarantor at the end.

Out of curiousity, I clicked "accept'' just to see if it was real. Next message I got was that "your application has been accepted". To cut the long story short, I received an alert of about 1m.150k just few hours later and this sounded incredible. A scanned copy of the repayment plan was later emailed to me and when I did the calculation, I found out that the total percentage of interest is about 12% as against 22 - 26% which I was forced to cough out in previous loans I took from different banks in the past. This to me was a good deal even though I don't have a specific plan for it. Had to push it to my son's account while I wrap my head around what best to do with the money.

This instant loan and the attractive interest rate kept me wondering on the following:

1. Does it mean the banks now have so much money in their coffers to lend out to customers even without asking?
2. What is the reason for the low interest rate which to me is still far lower than what is obtainable?

I called my account officer to ascertain if I can invest it in FG bond but I wasn't impressed with the interest rate so I'm going to keep it in the bank pending on when I decide on what to do with it. Any good idea is however welcomed.

Restaurant business is of the lucrative and profitable business that is growing on Nigeria.

I'm unable to get loan to open this business myself but am willing to help you open this business with my experiences and skills from top Hotels i have worked with.

I believe we can succeed big time if you have me in, together we can make upto 300% turnover in a year. Or probably more.

I'm for real, contact me for more details.

Bank Loan is a NO NO... Thanks and good luck on that

Cocao:
You think its stupidity, make no mistake, every single money will be recovered. Including profit.

Make no mistake whatsoever

You got it wrong. I didn't say its stupidity that they gave me loan, I said I wanted to laugh at their stupidity when the short code they send didn't work but I was shocked when it did. Of course I know I will pay back their loan.
And they took out their interest immediately the loan was approved so I didn't get the exact 350k. I only got 336k

Elzakzaky:
Lienus

Mr. Doubting Thomas

rozayx5:
Loan apps have threatened banks



They have to be innovative or shutdown

Lol, the microlending institutions are no threat to banks.
Rather the CBN has mandated banks to meet the 60% LDR by September ending.