How to get a loan from Carbon!

Carbon, which launched as Paylater has steadily become a leading digital financial service provider in Nigeria. With a presence in Ghana and South Africa, Carbon offers quick loans to its users among the numerous other services it offers.

One good advantage of Carbon is you don’t need to offer any form of collateral or have guarantors to get a loan. The app offers loans in small amounts and increases its offerings as they pay back.

Things to know before applying for a Carbon Loan

You can get up to ₦1 million depending on your financial information.
Carbon interest rates range from 5% to 15%.
Loan term ranges from 30 days to 12 months
Carbon is an app trusted by 2 million people. It provides financial services like savings, buying recharge cards, bill payments, etc.
You get up to 11% annually on your savings on the carbon app.

Click here to download the Carbon app.

The following are what you need to get a loan from Carbon:

The Carbon app installed on your phone
Your Bank Verification Number (BVN)
Bank Account Details
Your ATM Card details may also be asked to be inputted in order to pay the loan.
A government-issued ID Card like International Passport or National ID Card.

Click here to download the Carbon app.

Below are the steps to follow to get started:

Download The Carbon App

In order to get started, you will be required to download the Carbon app from the PlayStore or Apple Appstore. Use this link to download the app.

Click here to download the Carbon app.

Register

After downloading, you will need to register on the app with your phone number. Upon inputting your phone number, a verification number will be sent to your phone to be used to verify your phone number. After verification, additional details like Bank Verification Number (BVN), Name, address, email address, occupation, account details, etc will be required.

Click here to download the Carbon app.

Upload a photo

This step will require you to snap a quick selfie with your phone for profile picture identification. You can’t upload an earlier picture, you can only snap in real-time and you can’t proceed until you complete this step.

Click here to download the Carbon app.

Apply for loan

When you are done with registration process, you will be led to a page where you can apply your first loan.

Click here to download the Carbon app.

Wait for a loan offer

After proceeding with the loan application, you will be required to wait for a few minutes before the app will calculate your loan amount.

Click here to download the Carbon app.

Accept the Loan and provide repayment details

When the app has presented you with an offer, you can accept and provide some additional details. If done, your loan will be sent to your provided bank account in less than five minutes.

Click here to download the Carbon app.

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