Loan Top-up

Loan Top-up

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 installment and you must have paid for 2 months on time. Then, the top-up loan offer will be displayed to you in the app, at your current interest rate and loan tenor. However, you can only access a top-up loan once in a loan cycle


Why can’t I get a top-up?
  1.  Your current loan is less than a 3 months tenor
  2. You are yet to repay the 2nd installment on your current loan
  3. Your installment repayments have not been on time



·     


·        





    • Related Articles

    • Loan Rescheduling

      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 ...
    • 1% Transaction Charge On Bill Payments, Wallet Top Ups And Transfers

      There is now a charge of 1% transaction fee capped at N1,500 for bill payments(airtime top-up, electricity bill, cable tv),  wallet top-ups, loan repayments and transfers initiated directly from your registered debit card on the Carbon app.  We ...
    • Cashback Loan

      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. ...
    • Payroll Loan

      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 ...
    • Starter credit Loan

      Starter Credit is a 7-day, N2000 loan that gives users 100% cashback on their interest if the loan is repaid on time. Starter Credit loans do not count towards loan progression. In other words, while you receive a cashback in the wallet, it will not ...