How to get a loan from Carbon (Paylater)

Carbon, formerly known as Paylater is one of Nigeria’s leading digital financial platform that gives quick loans to it users. The loans given by them are typically fast. With over 40 employees, they have a presence in Nigeria, South Africa, United Kingdom, Ghana and Portugal.

Loans from Carbon do not require collateral or guarantors. At your first try, you may not be able to access big funds, you start by borrowing small, paying back, then you can have access to bigger funds.

The loan platform is available 24/7. You can apply on weekends and holidays and get a loan. You can click here now to download app and get a loan. 


Carbon loan requirement

Below are the requirements you may need to access loans:

  1. You need to download and use the Carbon app
  2. You will be required to provide your basic details such as name, phone numbers and more
  3. A photo of you which you may have to snap real time with your phone via the app
  4. Bank Verification Number (BVN)
  5. Bank account details
  6. Your ATM card that will be used to pay back loan. You will also submit major details of the card. You will be billed an initial N50 or N100 to authenticate the card.
  7. This is not frequent but you maybe ask for a government issued ID


How to get a loan from Carbon

Follow these steps to get a loan from Carbon:

Download the app

The first step towards getting a loan is to download the app from Google play store or Apple App store. The app is for android devices and iOS. Click here to download the app


The next step is to register. Provide all details required. From your name, phone number, email and so on.

Upload a photo

You will be required to upload your photo before you can access loans. The photo will be taken real time. You will take it right there from the app with the aid of your phone’s camera.

Apply for loan

Next you will see a button to request for loan. Follow the instruction and give all details. Then submit application.

Wait for loan offer

After application, you have to wait for a decision. This does not take long normally. Just few minutes.

Accept loan and provide repayment details

Once a loan has been offered. You accept it and provide your card details where you want to pay back from.

Get your loan!

As soon as you complete the last step, your loan will be in your wallet in minutes. It is a very fast process. From your wallet you can transfer it to your bank account instantly, send it to others or use it to pay bills.


How much can you get?

You can get up to ₦1 million loan. But at your first try, it is usually very low. As you pay back, you get access to bigger amounts.


Carbon interest rate

The interest rate can be anywhere from 5% to 15% depending on the amount of money loaned and repayment period.


Loan term

The loan term ranges from 30 days to 12 months


Repayment of loan

To repay a loan is very easy. Login to the app and you can repay instantly. While accepting loan, you had been asked to provide a card which you can use to repay loan. All you have to do is fund the account which the card is linked to. Login to your account via the app and click on repay loan. It is easy and fast.


Carbon head office address

The head office is located at Plot 1224, Bishop Oluwole Street, Victoria Island, Lagos


Carbon customer care phone number and email

The customer care phone number is 01-460 9945 or 01-631 1215.

Customer care email is [email protected]


Carbon app

As stated above, to get a loan, you will need to download the app and apply using same. The app is  available to android and iOS devices. You can go to here store to download the app.



The website is


Also read: Top loan apps in Nigeria to get a quick loan without collateral








  1. Wahab Lateef April 25, 2019 Reply
    • Christopher May 22, 2019
  2. Collins May 30, 2019 Reply
    • May 30, 2019
  3. OLAJIDE August 20, 2019 Reply
  4. Nsikan August 23, 2019 Reply
  5. Sunday Olorundare September 3, 2019 Reply
  6. Sunny Okomayin September 4, 2019 Reply
  7. Rachael September 17, 2019 Reply
    • September 17, 2019
  8. Solomon sule September 21, 2019 Reply
  9. njoku aham john September 26, 2019 Reply
  10. Campbell olubunmi September 28, 2019 Reply
  11. olusile Gbadebo October 3, 2019 Reply
  12. Uyo Israel November 22, 2019 Reply
  13. Mohammed Mohammed November 27, 2019 Reply
  14. olaniyi funmilayo January 8, 2020 Reply
    • January 8, 2020
  15. Penda Mnena Elizabeth February 14, 2020 Reply
  16. adelana olorunjueda ayodele March 26, 2020 Reply
    • March 26, 2020

Leave a Reply