• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business Banking & Finance

GCB Bank Launches 20-second Instant Salary Advance Loan on Mobile App to Support Salaried Workers

2 months ago
in Banking & Finance, Business, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
108
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

GCB Bank Launches 20-second Instant Salary Advance Loan on Mobile App to Support Salaried Workers

GCB Bank has launched a new digital loan product dubbed the Instant Salary Advance Loan, which enables salaried workers to access up to 80% of their net monthly salary within 20 seconds via the GCB Mobile App.

The newly introduced facility is a short-term credit solution designed to help workers meet urgent financial needs before their next payday. With a monthly interest rate of 2.175% and an annual rate of 26%, the loan also attracts a processing fee of 2.5%.

The loan is pre-approved for eligible customers and disbursed instantly after a few simple steps on the GCB Mobile App. The bank notes that repayment is automated and directly linked to the borrower’s next salary payment, allowing seamless recovery without impacting other inflows into the bank accounts of customers.

Eligible customers include existing GCB salary account holders, customers with migrated savings accounts, and other credit-worthy clients who have consistently received their salaries through the bank for at least three months.

Speaking at the loan product launch, Executive Head of Retail Banking at GCB Bank, Sina Kamagate, underscored the relevance of the loan in providing timely support to workers facing unexpected expenses.

“Every worker knows that salaries come at the end of the month, but life is not linear. Emergencies happen and sometimes within minutes you need to act fast. With the Instant Salary Advance Loan, you don’t need to rely on friends or neighbours. We give you access to 80% of your salary instantly, no matter where you are,” he stated.

RelatedPosts

Communications Minister Warns Against Use of Nigerian DStv Decoders, Moves to Curb Cross-Border Piracy

Nigeria at Risk of an Energy Crisis as Strike Halts Oil Institutions, Dangote Refinery

Ghana Ranks Third in Africa for Adult Bank Account Ownership

Mr Kamagate also explained the flexible repayment options available to customers, including early repayment with interest calculated only on the actual duration the funds are used.

“If you repay early, you only pay interest for the number of days the loan was used. That kind of flexibility doesn’t exist with most digital or mobile money loans, and it’s all part of our commitment to give our customers financial freedom,” he added.

The initiative forms part of GCB Bank’s broader digital transformation agenda aimed at providing convenient, efficient, and affordable banking services to Ghanaians.

 

Tags: GCB BankGCB Bank Launches 20-second Instant Salary Advance Loan on Mobile App to Support Salaried WorkersInstant Salary Advance Loan

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

No Result
View All Result

Highlights

The African Development Bank Approves €100 Million Loan to Strengthen Côte d’Ivoire’s Cocoa Value Chain

2026 Budget Hearings Conclude with Focus on Accountability and Resource Allocation

Tullow Oil Reports 11.4% Decline in Reserves

RTI Commission Slaps State and Private Institutions With GHS 5.6m in Fines Over Information Breaches

Communications Minister to Address Standoff with MultiChoice Ghana Over DStv Pricing

Bilateral Trade Between Ghana and China Hits Historic $11.8bn Mark

Trending

Features

Communications Minister Warns Against Use of Nigerian DStv Decoders, Moves to Curb Cross-Border Piracy

September 29, 2025

Communications Minister Warns Against Use of Nigerian DStv Decoders, Moves to Curb Cross-Border Piracy Minister for Communications,...

Nigeria at Risk of an Energy Crisis as Strike Halts Oil Institutions, Dangote Refinery

September 29, 2025

Ghana Ranks Third in Africa for Adult Bank Account Ownership

September 29, 2025

The African Development Bank Approves €100 Million Loan to Strengthen Côte d’Ivoire’s Cocoa Value Chain

September 29, 2025

2026 Budget Hearings Conclude with Focus on Accountability and Resource Allocation

September 29, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.