One Finance and Investment Ltd., which began as One Credit in 2012, offers Carbon Loan as one of its products.
At the time, the company only offered loans to those who were salaried employees and operated entirely on paper, necessitating supporting documentation.
After seeing significant operational and revenue growth in 2015, One Credit changed its name to OneFi. By utilizing its field agents and the cooperation of the Credit Bureau of Nigeria, the company was able to offer its services to those who did not receive a wage by utilizing a special Bank Verification Number (BVN).
Apply For: CBN Non-Interest Loan 2023
The company changed its name to Paylater in 2016 as it transformed into a wholly digital platform. They were able to use data and cellphones to win over the minds of millions of Nigerians as a result of this update.
They reasoned that by utilizing technology and data, they might expand their customer base and streamline the credit application process. As a result, the paper-based application process was entirely eliminated.
What day was the launch of Carbon Paylater Loan?
Launched in May 2016, Carbon is a lending application in Nigeria. One of the best and original services of its kind, it offered a round-the-clock, entirely digital lending platform. Within minutes, money can be deposited into a person’s account. Over 1 million people have downloaded the Paylater smartphone app in the past two years.
The Carbon loan app was designed to address current demands as well as the intricate nature of customer needs. Bill payment, investment, and financial management were added after it started off as merely loan disbursements.
A person’s daily requirements and how they develop into existence are represented by carbon. Additionally, it shows their desire to serve as Nigerians’ one-stop shop for borrowing money.
Carbon Paylater Loan App
A one-stop shop for mobile banking transactions is the Carbon App. You can obtain rapid loans to cover urgent financial requirements, send money to another account, make high-interest investments, top off your airtime, and pay bills whenever you choose. From your phone, you may use the App to perform all of these tasks and more.
How To Use The Carbon Loan App
- Search for the app “Carbon” on Play Store or App Store to download
- Download the App
- Create your account in minutes
- Get instant access
There are four sections with distinct features you may find useful.
This is the first part where you can request a loan.
Here, you can perform a number of payment-related tasks. These include purchasing airtime, sending cash to a recipient, signing up for an internet service, and paying utility bills.
Financial Tools Section
This section provides access to investment options like opening a fixed deposit account. A free credit report is also provided here.
You may view a list of all the transactions you’ve made on the app in the sections devoted to transactions here.
How to Get a Loan for Carbon
To get a loan from Carbon, adhere to the steps listed below:
- To provide all the information, register. Name, contact info, email, etc.
- Before you may apply for loans, upload your photo. You can take the photo immediately from the app.
- Select “Request a Loan” from the menu.
- Await the loan’s approval. Usually, this simply requires a few minutes.
- You accept the offer upon loan approval and give your card information. The typical loan term is between 30 days and 12 months.
What is USSD Code for Carbo Loan?
Dialing *1303# will allow you to use the Carbon Paylater USSD code on the MTN and 9mobile platforms. For a list of additional USSD codes for loans in Nigeria, see this post. Through the loanspot africa portal, you may compare loan offers from several lenders to make things easy. This makes it possible for you to choose the choice that best meets your needs in a matter of minutes
How to Repay a Loan from Carbon Paylater
Simple loan repayment options are available on the Carbon Paylater app, as well as a variety of payment methods.
There is a channel for direct debit. This channel enables the App to directly debit the loan payment due from your account on the date you specify (with your consent). You would have provided information about your bank account and your preferred date of deduction while completing the loan application.
Additionally, you can pay straight into their account over the counter or by transfer. Your carbon account will be automatically updated as soon as payment confirmation is received.
What Benefits Come with a Carbon Loan?
Simple financial transactions are always accessible with Carbon.
Their service is accessible around-the-clock, and you may start and complete a transaction on your mobile device anywhere with just an Android phone, data connection, and a reliable form of identity.
No matter who you are, money is available to you.
Dependable services. No additional fees
For any beneficial activities like a referral, early repayments, etc., there are numerous prizes available.
Apply For: CBN Non-Interest Loan 2023