How long does it take for Carbon to approve a loan?
Carbon is known for its quick loan approval process. Typically, loan applications can be approved within minutes once all required information is submitted. However, the actual time it takes for your loan to be approved may vary depending on the completeness and accuracy of the information provided, as well as Carbon's internal risk assessment and verification procedures. Hence, it is crucial to provide accurate and up-to-date information during the application process to ensure a smooth and swift approval.
Once your loan is approved, you will receive a push notification or email informing you of the approval. To accept the offer, log into your Carbon account. You can also check your loan application status in the Carbon app
Please note that the funds are usually disbursed to your Carbon account within a short period after you accept the offer, often within 24 hours or less.
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What is Carbon Circles? Carbon Circles is a digitized monthly contribution otherwise known as Esusu or Ajo. It allows you save funds monthly and you are matched with different people who also have the same financial goal as you. On the 7th day of ...
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, ...
Loan declined due to approval score
You do not meet our approval requirement to access a loan at this time. Please work on improving your credit score before reapplying for a loan by using your app consistently to perform other transactions (e.g. airtime recharge, bill payments, ...
Why should I join a Carbon Circle?
Research shows that people who save in groups are 300% more likely to hit their goal than those who save alone. You might be familiar with offline Ajo, but this digital version takes the hassle out of organizing a group yourself, dealing with ...
Are there any hidden fees on Carbon Zero?
Absolutely not! We take pride in our transparency. There are no hidden charges when you use Carbon Zero. You'll have a clear view of any costs before proceeding with your purchase