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.
Carbon loan requirement
Below are the requirements you may need to access loans:
- You need to download and use the Carbon app
- You will be required to provide your basic details such as name, phone numbers and more
- A photo of you which you may have to snap real time with your phone via the app
- Bank Verification Number (BVN)
- Bank account details
- 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.
- 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. The app is only available for android devices.
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.
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 firstname.lastname@example.org
As stated above, to get a loan, you will need to download the app and apply using same. The app is currently only available in android devices. You can go to Google Play store to download the app.