How to get a loan from Carbon (Paylater)

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

Loans from Carbon do not require collateral or guarantors. On your first try, you may not be able to access big funds, you start by borrowing small, and paying them 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 (Paylater) Loan

Interest rate:5% to 15%
Loan term:30 days to 90 days
Loan available:Up to ₦1 million
Repayment:In-app via debit card
Collateral:No collateral required
Mobile app:Available for Android phones and iOS phones.
Download the app from the Google Play store or download it from the Apple app store.
Customer care:01-460 9945
Head office:Plot 1224, Bishop Oluwole Street, Victoria Island, Lagos
How fast?Instant 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 number, and more
  3. A photo of you which you may have to snap in real-time with your phone via the app
  4. Bank Verification Number (BVN)
  5. Bank account details
  6. Your ATM card will be used to pay back the 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 the 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 a loan. Follow the instruction and give all details. Then submit the application.

Wait for a loan offer

After the application, you have to wait for a decision. This does not take long normally. Just a 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 on 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 the repayment period.

Loan term

The loan term ranges from 30 days to 12 months

Repayment of loan

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

Carbon app

As stated above, to get a loan, you will need to download the app and apply using the 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

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Editorial staff

Editorial staff is a platform that connects people with ideas, opportunities and latest trends in personal finance growth online and offline. It is the most read personal finance platform in Nigeria

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