Do you need fast cash? Then use Carbon which was formerly known as Paylater, is one of Nigeria’s leading digital financial platform which offers quick loans to it users. This company has over 40 employees, and has presence in Nigeria, South Africa, United Kingdom, Ghana and Portugal.
Getting a loan from Carbon do not require collateral or guarantors. However, at first, you may not be able to get big funds, you start by borrowing small, paying back, and then have access to bigger funds.
THE CARBON LOAN REQUIREMENT
- Must download and use the Carbon app
- They will ask for your basic details such as name, phone numbers and more
- You must snap a photo of you which you may have to snap real time with your phone via the app
- You need Bank Verification Number (BVN)
- You need bank account details
- You need an ATM card that will be used to pay back loan.
HERE IS HOW TO GET A LOAN FROM CARBON
GET THE APP
You must download the app from Google play store or Apple App store. Their app is for android devices and iOS.
You will need to register and provide all details required such as your name, phone number, and email.
MUST UPLOAD A PHOTO
They will ask you to upload your photo before you can access loans. Also note that the photo will be taken real time from the app with the aid of your phone’s camera.
ASK FOR LOAN
On the app, you will see a button to request for loan. Just follow the instruction and give all details and then submit your application.
WAITING FOR LOAN OFFER
Once you submit application, you have to wait for their decision, just wait for few minutes.
MUST ACCEPT LOAN AND PROVIDE REPAYMENT DETAILS
After a loan has been offered, you need to accept it and provide your card details where you want to pay back from.
RECEIVE YOUR LOAN
After everything, your loan will be in your wallet in minutes and from your wallet you can transfer it to your bank account instantly.
THE AMOUNT YOU CAN YOU GET
They give up to ₦1 million loan. However, at first, it is usually very low and as you pay back, you will get bigger amount.
THEIR INTEREST RATE
Their loan interest rate can be between 5% to 15% depending on the amount of money loaned and the repayment period.
THE LOAN TERM
Their loan term ranges from 30 days to 12 months
THE REPAYMENT OF THEIR LOAN
In case you want to repay their loan, just login to the app and you can repay instantly. But note that while accepting loan, you had been asked to provide a card which you can use to repay the loan back. Ensure you fund the account that the card is linked to. Then login to your account via the app and click on repay loan.
THEIR HEAD OFFICE ADDRESS
You can find them at plot 1224, bishop Oluwole Street, Victoria Island, Lagos.
Their customer care phone number is 01-460 9945 or 01-631 1215. And their customer care email is email@example.com