Carbon Loan – Numerous loan apps are gaining popularity in Nigeria, providing swift access to funds for various needs. However, not all of these apps are government-regulated or registered, raising concerns about the reliability of certain loans. As online loans continue to surge in popularity, these platforms offer significant advantages to society.
Despite their benefits, some of these loans have rigid eligibility criteria. Certain apps may require ID card uploads or facial verification prior to granting a loan. This blog post aims to discuss one of these loan apps on the internet – Carbon loans.
So, if you want to get a loan and you are looking for a reliable loan app, you can try out carbon loan. If you are opting for carbon loans. Then you can read through this post to know how to go about the application process and also know all there is to know about the money lending platform.
How Does Carbon Loan App Work?
The Carbon Loan app serves as a comprehensive financial banking solution, designed to enhance personal finance management through streamlined account organization, budget creation, and expense tracking. It stands as one of Nigeria’s most reputable and efficient loan platforms, backed by the NDIC and authorized by the Central Bank. The app primarily operates by extending Small and Medium Enterprise (SME) as well as personal loans within Nigeria.
Individual borrowers have the opportunity to secure loans of up to one million naira (#1,000,000), while businesses can access substantial loans of up to twenty million naira (#20,000,000) to fuel their growth and development. Loan eligibility and amounts are determined based on provided information and the applicant’s existing or new customer status.
Notably, the Carbon Loan app offers an array of benefits including cost-free transfers to essential service providers and the convenience of bill payments across various companies and organizations.
For SME loans, Carbon applies a fixed charge of 5% for first-time applicants and 4% for returning customers. These charges are inclusive of the loan amount, ensuring transparency and eliminating additional costs. Feel free to initiate your loan application to secure the desired loan quantum.
Furthermore, upon complete repayment of your loan, you become eligible to immediately apply for another loan, potentially with an increased amount reflecting your improved creditworthiness.
Experience the convenience and support offered by the Carbon Loan app – your gateway to effective financial management and accessible loans.
Features of the Carbon Loan App
Carbon Loan offers many features to its users. One of the features they offer is the instant loans. However, aside from instant loans upon application, there are many other features they offer. These include;
- You can send and receive money to other banks.
- Carbon debit card.
- Freeze your card temporarily or permanently.
- You can enjoy 1% cashback monthly on every card (POS) transaction.
- You can earn up to 15.5% interest per annum on your savings.
These are some of the benefits you will enjoy when you use the carbon loan app. Other benefits may apply, but you have to install the app to find out.
Carbon Loan App
To easily access Carbon Loan and apply for instant loans, you can just use the mobile app. The app is however available for download on your Google Play and App Store if you use an Android or an iOS device. The app comes with some unique feature which you’ll get free access to if you install it on your device. Here’s how to download the app below;
- Open your device app store.
- Locate the app using the store’s search engine.
- Click on the app from the search result.
- Then tap on the “install or get” button.
- This will initiate the download.
Wait for a few minutes to successfully download the app. Once the app has been downloaded successfully, you can now launch it and apply for a loan. But before you apply, there are certain requirements you ought to meet. See below for the requirements.
What are the Carbon Loan Requirements?
To be able to qualify for a loan from carbon loans, there are certain requirements you must meet. Here are some of the requirements below;
- Your Full Name.
- Your Email Address and Phone Number.
- Your Bank Verification Number (BVN).
- Your Bank Details.
- Your ATM (Automated Teller Machine) Card.
- Your Face Verification.
If you can provide the Carbon loan app with all these requirements, then you will be able to borrow money from the app.
How To Sign Up
To get started with Carbon loans, you have to first register for an account. Here is how to go about that below;
- Open the app.
- Locate and click on the signup button.
- Sign up by providing the required details.
- Then follow the onscreen steps to complete your sign-up.
Once you have created an account, you can now apply for a loan and get it instantly. See the steps on how to apply for a loan with carbon loans below.
How to Apply for Carbon Loans
If you need money urgently and you want to apply for a loan on the carbon app, you should follow the steps below:
- Visit the Carbon Loans app website on your phone.
- Click on the “Apply Now” button on the home page.
- It will take you to the application page.
- Enter your surname, first name, middle name, SSN, date of birth, and email address.
- Save and continue.
- Type your identification details, contact details, and residential status.
- Type your employment details.
- Give your banking information.
- Click finish.
- Confirm that the information you entered is correct on the next page.
- Click on the submit application button after you have reviewed the disclosures below one after the other.
Wait for Carbon to get back to you after submitting the form. An email will be sent to you if you are approved for the loan.