How do I apply for a loan?
After downloading the app, sign in to identify yourself by providing your personal and financial information on your profile to get your Carbon account upgraded to KYC level 2, which is the minimum level required to access a Carbon loan.
Once done, click on "apply for loan" to complete an application with valid information, submit it and we will notify you within minutes of the loan decision.Additionally, loan offers expire after 72 hours if not accepted.
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I just paid back my most recent Carbon loan. How soon can I apply for another loan?
If you have successfully paid off your previous loan on time, you can re-apply for another loan within 24 hours if you have not already accessed 3 loans within 30 days and may qualify for higher credit at a lower rate.
Why is Carbon charging a ₦500 loan application fee?
What exactly does the loan application fee cover? It is not just “click and the money lands.” The moment you apply, we: Check for fraud (to confirm that you are who you say you are Review your credit history to see if the loan makes sense for you Use ...
If I apply for a loan several times, will my loan be approved?
We understand how important it is to access a loan. However, multiple loan application within a short period of time does not change the loan decision (approval or decline). Kindly continue transactions with your app and reapply after a couple of ...
How to get a Carbon loan
Download the Carbon app from your google play store OR the apple store, sign in or sign up to identify yourself and this will take you to our brief registration/application forms. Complete an application with valid information and click on "apply for ...
How do I make a loan repayment?
We have made repaying your loan at Carbon as easy as possible. On your due date, your payment will conveniently be deducted from your Carbon Account or the account linked to the debit/ATM card provided during your loan application. To make a payment: ...