Carbon Loan
Carbon Loan is a product of One Finance and Investment Ltd. which started out as One credit in 2012.
The company at the time only provided loans to salary earners, using a complete paper-based approach to its operation which required substantiating documents.
In 2015, after even considerable growth in operation and turnover of its business, One credit evolved into OneFi. With the involvement of the Credit Bureau of Nigeria and the introduction of a unique Bank Verification Number (BVN), the company could extend its services to non-salary earners by leveraging its field agents.
In 2016, the business evolved into a fully digital platform, and its name then changed to Paylater. As a result of this upgrade, they were able to capture the minds of millions of Nigerians through data and smartphones.
They figured that by using data and leveraging technology, they could provide credit to more customers, and simplify their application process. This led to the complete annihilation of the paper-based application process.
Carbon is a loan app in Nigeria that launched in May 2016. It was one of the best and first services of its kind—a fully digital lending platform that is available 24/7. You can get cash into a person’s account within minutes. Two years later, the Paylater mobile App has gotten over 1 million downloads.
To meet certain demands of the times as well as the complex nature of the customers’ needs, the Carbon loan app was introduced. It expanded from just loan disbursements into bill payments, investments, and financial management.
Carbon is a representation of a person’s everyday needs and how they evolve into their existence. It also represents their intent to be a one-stop source for accessing a loan in Nigeria.
The Carbon App is a one-stop destination for mobile financial transactions. You can get instant loans to meet urgent financial obligations, effect a money transfer to another account, investments at high-interest rates, recharge airtime and pay bills anytime. All these and more can be done on the App right from your mobile phone.
There are four sections with distinct features you may find useful.
Follow the steps below to obtain a Carbon loan
The Carbon Paylater USSD code can be used on both MTN and 9mobile platforms by dialling *1303#. You can check out this post to see other USSD codes for loans in Nigeria. To make things easier, you can compare loan offers from different lenders through the loanspot africa platform. This enables you to select the best option that perfectly suits your needs in a matter of minutes.
Loan repayment on the Carbon Paylater app is straightforward, and there are different channels through which you can pay back your loan.
There is a direct debit channel. This channel enables the App (by your permission) to deduct the loan amount due directly from your account on the date stated by you. During the loan application, you would have filled out the details of your bank account as well as your preferred date of deduction.
You can also pay directly into their account either by transfer or over the counter. As soon as there’s confirmation of payment, your carbon account will be updated automatically.
With Carbon, easy financial transactions are always just a click away.
Now you can compare interest rates from different lenders with our loan simulator and get the best deal. Making an informed loan decision requires comparing different loan offers before making a commitment. Through our simulator, you can see at a glance, loan offers coming from different lenders in less than 5 minutes, so you can make the right decision regarding your financing. Try it today
