Carbon, formally known as one credit is a digital mobile financial platform in Nigeria with a presence in five different countries. They are owned by one finance and investments limited (OneFi).
Before the company adopted its new name, It provided loans to salary earners. Using the traditional manual method where paper documents are required to obtain a loan.
$ads={1}
As the company continued to grow in the lending space, It evolved into One Finance and Investment Limited (OneFi).
When the bank verification number (BVN) was introduced by the federal government and made mandatory for all bank accounts owners in Nigeria, the company saw an opportunity to extend its services to non-salary earners. But still relied on its field agents for processing loans.
In 2016, It was able to fully automate its lending services and became a fully digitised platform. This was when it changed its name to Paylater.
Because of the introduction of the BVN, it could extend its services across every state in Nigeria. This allowed it to capture millions of users on its platform.
About Carbon loan
The carbon loan mobile app was launched in 2016, At this time, it was one of the first instant loan mobile application in Nigeria.
The concept of quick loan services that do not require collateral was still relatively new in the country.
$ads={1}
Carbon quickly became very popular. And In just two years, recorded more than a million downloads from the Google Play Store.
What is Carbon loan
What is Carbon loan
Carbon loan is a quick loan that can be obtained from the carbon mobile app.
The Carbon app combines everything that has to do with mobile financial services into a single plateform.
With the Carbon app, users can get instant loans, make money transfer, invest at high-interest rates, pay bills, recharged airtime, and so much more. through their mobile phone.
Carbon loan Requirements
To get a loan from the carbon mobile app, there are some requirements that you need to meet.
They include the following
- You need to have the carbon Android or iOS app installed on your phone.
- You need to provide some of your info like your name, phone number, Email address, etc.
- A bank verification number (BVN)
- A picture of yourself
- you will also need to enter your ATM card details.
How Much Can You Borrow From Carbon
How Much Can You Borrow From Carbon
You can borrow anywhere between ₦1,500 to ₦1 million If you are a Nigerian.
How Long Does It take to get a loan
How Long Does It take to get a loan
It usually takes less than 5 mins to get a loan from carbon if you are already registered on their platform
If you are a new user, then you will have to register on the app which shouldn’t take you more than a few minutes.
How Carbon loan App works
How Carbon loan App works
The lending process is automated and borrowers will usually get their loan in about 5 minutes.
There are no collateral, guarantors, or paperwork required to get a loan from this lender as the entire process can be done through your mobile phone.
How To Use Carbon Loan App
How To Use Carbon Loan App
- First visit the Google Play Store or the App Store to download the carbon app.
- launch the app and create an account
- Gets quick loan from carbon
Carbon Loan Interest Rate
How Too Get A Carbon Loan
- Download and launch the carbon loan app
- Register an accounts with your personal details like name, phone number, Email address etc.
- During registration, you will be asked to upload a picture of yourself. You can decide to upload one from your device memory or take one directly from your phone camera.
- Now click on request a loan.
- Wait for your request to be reviewed for approval.
- If approved, provide your card details. The duration for Carbon loans can range anywhere from 30 days to 12 months
Carbon Loan USSD code
How To Payback Your Carbon loan
We have included the carbon app physical address in this article.
Is Carbon loan legit
Carbon seems to be legitimate according to the information found on its official website. They are insured by NDIC and license by the central Bank of Nigeria (CBN).
The Nigeria deposit insurance corporation (NDIC) is an agency that protects depositors and the CBN is a government agency responsible for regulating financial organization.
Post a Comment