Understanding Loan Wait Periods at Carbon: Why and When to Reapply

Why is the app telling me to wait for specified days before reapplying for a loan?

If the app tells you to wait for a specified number of days before reapplying for a loan it means one or all of the following:
  • You've applied for more than eight (8) loans within the last thirty days, or you've accessed three (3) loans within that time period, and as a result, you've exceeded the allotted number of loan attempts.

  • The system limits are in place to avoid excessive usage of the platform, which can be financially damaging to you.

  • You can only submit a maximum of 4 loan applications every 15 days, and receive a maximum of 3 Carbon disbursed loans every 30 days.

Please reapply after the SPECIFIED number of days stated on the application.