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%.
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 ...
What happens if I don't pay back my loan?
We want to keep you as a customer, so please make every attempt to pay us back on time. If you find yourself in a situation that makes it difficult to make your scheduled repayment, please contact us immediately by writing to email@example.com or ...
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 ...
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 dates and you should only take a Carbon loan if you are ...