Accessing SME Loans at Carbon: A Step-by-Step Guide

How can I access SME Loans

Carbon provides flexible finance for SMEs. The way to access it is to:

  1. Register at and start your journey to accessible finance.
  2. Completely fill the required information and upload requested documents for eg: Valid ID, CAC documents etc.
  3. Apply for a loan.

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    • What is the criteria for SME loans?

      To access business loans on Carbon you need to have the following criteria: A business registered with the CAC. A valid Tax Identification Number (TIN). Applicable Sectors (for now) include: Retail, Agent Banking, Food Services, Health Services. Time ...
    • What is the interest rate on SME loans?

      The interest rate for SME loans is between 3% - 5%.
    • 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.
    • Do you give loans?

      Yes, we offer instant loans to help solve urgent problems, cater to substantial expenses, and grow families and businesses. To be able to access a loan, you need to be on KYC level 2. Follow the instructions below to submit an application: Once ...
    • Can I make an early repayment? If I make an early repayment, will I pay less?

      Early repayments are accepted and you can apply for a new loan immediately after your previous loan is paid off. However, please note that early repayment does not imply that the terms of your loan obligation will change. Your repayment terms are ...