How can I access an SME Loan?
- Applicable Sectors (for now): Retail, Agent Banking, Food Services, Health Services
- Time in Business: 1+ years
- Monthly Sales/Revenue: N1,000,000+
- Location: Nigeria
How much can my business access via the SME loan?
SME loan amount ranges from N300,000 to N10,000,000 as a starter. However, you can access more than these amounts as a repeat client.
What is the interest rate on an SME loan?
The interest rate for SME loans is 5%.
Can I reschedule my loan repayment? What happens if I pay late? We understand that financial circumstances can change suddenly, Carbon wants to support you through difficult times. However, it is important to note that we do not reschedule repayment ...
A loan top-up is accessing additional funds on a multiple installment facility after paying a certain number of installments on time for an extended period at the same rate. How do I get a top-up? You need to have a current loan within a 3- 6 months ...
Cashback Loan is no longer 50% as the cashback varies This is a new feature in the Carbon app, where we provide between 10 - 100% cashback on loans that are repaid on time. Cashback is paid out to your Carbon account once the loan is repaid on time. ...
This is accessible by salaried employees whose salaries are paid through REMITA. Complete an application with valid information and click on "apply for loan", then state how much you would like to borrow. We will then display your available loan ...
Why was my loan application rejected?
Why was my loan application rejected? There are a few reasons behind loan application rejections: The most common reason is that you didn’t pass Carbon’s internal appraisal score. This is usually based on the fact that we are still getting to know ...