What happens if you don’t pay Carbon loan?
What happens if you don’t pay Carbon loan?
Failing to repay a Carbon loan can result in several negative consequences, including: Additional fees: Late payments may incur extra charges, increasing your outstanding loan balance. Credit score impact: Late or missed payments can negatively ...
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: ...
Loan Rescheduling
Can I reschedule my loan repayment? What happens if I pay late? 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 ...
Can I make an early repayment? If I make an early repayment, will I pay less?
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, an early repayment will not impact the term of ...
What happens if I can’t make a payment on my due date?
We understand that financial circumstances can change suddenly, however, it is important to note that we do not reschedule repayment dates and you should only take a Carbon loan if you are reasonably certain you have the means to repay within the ...
Popular Articles
How much can I borrow on Carbon?
Carbon offers various loan amounts to its customers based on their account history and other factors, such as credit score, financial history, and repayment capacity. As a new customer, you may be eligible for one of the following loans: Loan 1: ...
USSD Code
Now you can access Carbon without the internet using the code: *1303# to fund your Carbon account, buy airtime or send money. For airtime to self - *1303*Amount# For airtime to others - *1303*Amount*Phone No# To transfer to Carbon Wallet - ...
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 ...
Available Loan Offer
a. Loan Offer is calculated based on the verified data from your information and current risk profile. b. The loan amount, duration and interest rate at any time depends on your profile and the information you provided in the application. . Note: ...
What is my Maximum Account Limit?
Your KYC level determines your account limit. Level 1: Single transfer limit -0 Daily transfer limit- 0 Wallet limit - 0 Level 2: Single transfer limit -N50,000 Daily transfer limit- N300,000 Wallet limit - N500,000 Level 3: Single transfer limit ...