GTBank Auto Loan – review 2026
Pros
- Financing available for both new and used vehicles from registered dealers
- Up to 100% vehicle value financed for qualifying customers
- Flexible repayment terms of 12 to 60 months
- Regulated by the Central Bank of Nigeria
- Loan can be processed through the GTBank mobile app for existing customers
Cons
- Annual interest rates higher than those in more developed vehicle finance markets
- Collateral is the vehicle itself: repossession risk if payments are missed
- Proof of income and credit assessment required
- Restricted to vehicles purchased through registered dealers for some products
- Processing time of 48 to 72 hours may delay vehicle purchase
Requirements
- GTBank current or salary account
- Valid government-issued ID and BVN
- Proof of income (payslip or bank statement)
- Vehicle proforma invoice from registered dealer
- Comprehensive insurance on the vehicle
Provider contacts
- Regulator
- Central Bank of Nigeria (CBN)
Information in this review is based on publicly available sources and is for informational purposes only. Finatino.com is not a financial product broker. Before signing any contract, we recommend reading the provider's terms and conditions.