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Access a variety of banking services, from high-interest savings to instant short-term loans for your urgent needs. Open a Carbon bank account in minutes and start living a better financial lifestyle.

* Get loans ranging from ₦1,500 to ₦1m(Nigeria) and Ksh 500 to Ksh 30,000 (Kenya)
* Make repayments over a maximum of 64 weeks.
* Interest ranges from 1.75% - 30%, with an equivalent monthly interest rate of 1 - 21%.
* Annual Percentage Rate (APR) from 23% - 60.8%. No late fees or processing costs.
Example: For a 3-month loan of ₦50,000, Carbon charges 2% a month. With an APR of 24.3%, the total repayment amount after 90 days is ₦53,000.
Annual Percentage Rate (APR) from 23% - 60.8%. No late fees or processing costs.
Example: For a 3-month loan of ₦50,000, Carbon charges 2% a month. With an APR of 24.3%, the total repayment amount after 90 days is ₦53,000.
* Flexible tenors from 1 month to 6 months with the ability to make early repayments at any point in the tenor.

Transfer funds to any bank at no extra cost, 30 times a month. It’s the highest around and our customers save N1,500 on transfer charges every month.

Don’t just keep your money in the bank. Create a savings plan and start earning up to 15% interest on your funds when it’s time to withdraw.

Buy items you love and need the most and pay in small, equal installments, at 0% interest.

Apply for up to N1 million and receive funds in your account within minutes. You also get up to 30% cashback on your interest when you pay in time.

The Carbon Visa card is your passport to freedom and security. Spend as you please on both online and offline channels. Freeze your account from anywhere if you notice irregular behavior. Set spending limits across channels.

Request a Visa card with just the tap of a button on your Carbon app and it would be delivered to your doorstep anywhere in the country.

No panicking with a Carbon bank account. Receive instant reversals whenever transactions don’t complete.

Carbon (formerly Paylater) is provided by One Finance & Investments Limited, a CBN-licensed and regulated finance company. While we offer a service that is 100% automated, you can always reach us and learn more about our service via multiple support channels. We’d love to hear from you!

What’s New

Version 2.5.0

KYC Improvements and Much More: On the back of the launch of our debit cards a few weeks ago, we’ve made a few changes to ensure that your experience banking on Carbon is even smoother!
What’s New?
- Improved Account Upgrade Process: You’ll no longer be required to take a video recording when upgrading your account. Look into the camera, smile, and you’re done. We’ve made this as easy as taking a selfie.
- Updated Card Request Locations: We’ve made a few changes to the locations you can request a card from. This is to ensure you get your cards in the shortest possible time.
- Better Support: We’ve made the in-app customer support feature even better. Tell us in as many or a few words how we can serve you better.
- Improved Security: Overall improvements to ensure your app is more secure than ever! (we can’t go into too much detail on this one!)
- General Bug fixes: A few bugs reared up in the last release. We’ve taken care of them now

Ratings and Reviews

4.4 out of 5
923 Ratings

923 Ratings

carterfivve5 ,

Improvement of privacy

The app is cool and fast I love it , helps me pay my bills on time and it even faster than bank Apps ?in the next update there should be an option if you want your account balance to be shown or Hidden , just like my bank app does .Thank you

Developer Response ,

Thanks for the feedback! We'll look into this one for you.

billion23125 ,

Too high interest rate

Interest rate is too high. Haba! Then a sudden reduction in loan offer in totally unfair. What kind of system is that.

I started collecting loan from N2,500 and was paying back without default despite your too high interest rate, till I reached an increased offer of N126,000 which I decided to relax a bit and I didn’t collect the N126,000 at that point.

Unfortunately, I checked back after 2 weeks to see given offer but it has reduced to N13,000. What exactly is the problem with carbon or my account? How could I have reached the loan offer of N126,000 and then after couple of weeks that I didn’t collect the loan, the offer was reduced to N13,000 when in actual sense I wanted higher amount than the N126,000. What kind of system is Carbon’s.

This is totally unreasonable and unacceptable. “TOTALLY UNACCEPTABLE” with your unreasonably too high interest rate on loans. Haba!

Developer Response ,

Hi, we would love to help you. Please send your concerns to customer@getcarbon.co for assistance.

weroiunnd86 ,

Sweet and smart lending

OMG I love carbon so easy and simple with informations just few details plus verification process and then you will quickly get your loan into your bank account ASAP. Now I have resorted to investing with carbon and also make them my financial life partner. Imagine my bank don’t want to borrow me money but carbon came to my help. I wish to give carbon a million stars rating. Thanks please keep up the good work. Much love.

App Privacy

The developer, Carbon Finance and Investments Limited, indicated that the app’s privacy practices may include handling of data as described below. For more information, see the developer’s privacy policy.

Data Linked to You

The following data may be collected and linked to your identity:

  • Financial Info
  • Contact Info

Data Not Linked to You

The following data may be collected but it is not linked to your identity:

  • Usage Data
  • Diagnostics

Privacy practices may vary, for example, based on the features you use or your age. Learn More


  • Family Sharing

    With Family Sharing set up, up to six family members can use this app.

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