Carbon
Other LenderMicrofinance Bank
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Go to WebsiteAbout Carbon
Carbon is a Nigerian digital financial services platform and licensed microfinance bank operated by Carbon Microfinance Bank Limited, regulated by the Central Bank of Nigeria (CBN). It started as “Paylater” and has evolved into a full digital banking and credit ecosystem offering loans, payments, savings, and investment tools through a mobile app. Carbon is best known for its instant personal loans, which are granted based on digital credit scoring rather than collateral or lengthy paperwork. The platform uses financial history, BVN data, and behavioral analytics to assess creditworthiness and disburse loans quickly to users’ bank accounts or wallets.
Amount
₦2,500 - ₦1,000,000
Tenor
61 - 365 days
Min. approval time
24 hrs
Countries
Created on
May 2026
Last updated
May 2026
Requirements
The basic requirements to apply for a loan on Carbon include:
- • Valid ID: National ID, driver’s license, or passport.
- • BVN: Required for identity verification and credit assessment.
- • Phone Number: Active mobile number linked to bank account.
- • Bank Account: Needed for loan disbursement and repayments.
- • Smartphone Access: Required to use the Carbon app or USSD services.
- • Personal Details: Name, address, and basic financial information.
- • Credit Assessment: Loan approval depends on internal scoring and repayment history.
- • Age Requirement: Must be 18 years or older.
How to Apply
To apply for a loan with Carbon, visit the lender's website and click on "Get Started." If you meet the eligibility criteria and agree with the terms, complete and submit the online application form.
Alternatively, you can download the lender's app on Google Play StoreorApple App Store.
This lender claims it can approve applications on the same day they are submitted and disburse funds within 24 to 72 hrs.
Contact
Website
Facebook Url
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