How to Take a GCB Salary Advance Instantly via Mobile App: A Step‑by‑Step Guide

Introduction

GCB Salary Advance is a short‑term credit product for GCB Bank’s salaried customers, offering emergency funds before payday, fully digital via the GCB Mobile App. You can borrow up to 80% of your net salary, with amounts between GHS 100 and GHS 20,000.

Loan is disbursed in under 10 minutes, usually immediately into your account. The tenor is exactly 30 days, with a bullet repayment (you pay once, at due date).

You are probably thinking about interest by now. Well, the interest from 29th to 31st July is 0%. Subsequently, it should be around 26% per annum (≈2.17% per month) and a 2.5% processing fee upfront.

Eligibility

Foremost, check for an SMS similar to the one below.

 

• You must be between 18 and 59 years old, and employed by your current employer for at least six months.
• Your salary must be paid into a GCB Salary or Current account. If it’s in a Savings account, you must migrate it via the Mobile App.
• You also need to have had three straight months of salary deposits in that account.
• The bank performs a creditworthiness assessment and reserves the right to approve or decline. Only one advance at a time is allowed.

Step by Step Guide

Make sure your GCB Mobile App is updated to at least version 2.7: DOWNLOAD OR UPDATE UP HERE

• Launch the App – Open your GCB Mobile App.
• Tap “More”, found at the bottom right of the screen. 

• Select “Loans and Advances”.
• Tap “Apply for a Loan or Advance”.

 

• Choose “Salary Advance”. 
• Enter the amount you wish to borrow (max 80% of net salary, up to GHS 20,000).
• Tick the checkbox to accept terms & conditions.
• Tap “Submit” to complete your request.

 

And voila — the loan goes into your account in under 10 minutes (if approved)!

Loan Terms

• Advance amount: Up to 80% of net monthly salary, capped at GHS 20,000, minimum GHS 100. 
• Disbursement: Usually within 10 minutes (pre-approved).
• Tenor: Exactly 30 days; repayment is automatic (bullet repayment).
• Interest: ≈ 26% per annum (~2.17% monthly), with 2.5% upfront processing fee.
• Late payment penalty: 5% per month on outstanding balance.

Why It's Useful

• Ideal for emergency needs — no paperwork, fully mobile.
• Digital and pre‑approved (based on your account data).
• Better than expensive overdraft or Momo loan alternatives.
• Repay early and become eligible again faster.
• Seamless experience — apply, receive, repay — all in the app.

Summary Table

Feature	Details
Borrow up to	80% of net salary (GHS 100 – 20,000)
Disbursement speed	Typically under 10 minutes
Loan repayment	Bullet payment after 30 days
Interest rate	≈ 26% p.a. (≈2.17% per month)
Processing fee	2.5% upfront
Late repayment penalty	5% of outstanding per month
Eligibility age	18–59 years
Employment	Permanent ≥ 6 months
Salary deposits	3 consecutive months required
Account type	GCB Salary or Current (migrate if Savings)
Max loans outstanding	One at a time

Take Away

Taking a salary advance via the GCB Mobile App is straightforward, fast, and helpful when cash is needed before payday. Just remember: update your app to version 2.7+, ensure you meet all eligibility criteria, and follow the simple steps. Once approved, the money is yours in just minutes — all from the comfort of your phone. 

Contact

Any problem encountered? Speak with GCB PLC directly.

•  +233 30 2681531
• +233 30 2681533
• +233 30 2634922
• +233 30 2246025
• +233 30 2254101
   
• Hotline:  0302634922
• Toll free: 0800422422
• WhatsApp: 0202422422

•  Email:   customerservice@gcb.com.gh