Carbon: Secure banking & loans 4+

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Carbon Finance and Investments Limited

    • 4.3 • 1.6K Ratings
    • Free

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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 3.3.3

1. You can now top-up loans straight from the app, once you are eligible for one.
2. We have made it easier for you to request a card.
3. Our transaction receipts now have a fresh new look - do a transfer (or ten) to check it out! You can also share these receipts as PDFs or images.
4. You can now remove saved beneficiaries that you no longer need.
5. We’ve redesigned and improved KYC selfies in the app, to give new customers a seamless experience.
6. Because your privacy matters, we've fixed the issue of your pin being displayed at the bottom of your screen.
7. You can now keep track of how many free transfers you have left each month.
8. You can now verify your email even if you typed it in ALL CAPS. Why anyone does that is a different question.
9. Various bug fixes and security updates because security never goes out of style.
10. Fixed issue around loan application summary

Ratings and Reviews

4.3 out of 5
1.6K Ratings

1.6K Ratings

Bobbybrown007 ,

Loan Increments

I should have given you a five star rating but I’m not satisfied with the way you reduce your loan amount every time I make a repayment.
Your system is supposed to be designed to increase the loan limit if repayment is made and if a customer is never late on payment, but instead it’s keeps reducing.

I have been on this app since Feb 2020 at a point my limit got to 50k but after that reduced to 30k and it kept on reducing without any issues on my account. Have never been late on a payment.

I recently paid back in full my payment which was supposed to be due next year February hoping to get a higher loan only to be awarded with 4K
It’s not speaking well of your app.

I use other app and I know how the limit works and keeps growing with each repayment made. The issue is if you don’t apply for that 4K a new loan won’t be available it’s not ok
I applied for loan to get a good amount not 4K or 10k like you approve.
Have written to your customer service but nothing has been done on it and I’m also sure some of your customers are not happy with that as well
Please work on it to have better customer service and clients too.

Developer Response ,

We are really sorry to hear this. Please send a mail to to enable us look into the issue in order to assist you.

MazikeenDave22 ,

My Review

I would like to come back here and give a five star rating but I took a loan sometime ago and paid though I was late on the payment because I tried finding the account for weeks but it wasn’t going through which was why I was late on the payment, I was still able to pay it later and then I tried applying for another loan and I kept receiving replies of we’re sorry continuously, I’ll come back and give a five star rating if the issue is resolved.

Developer Response ,

Kindly reach out to us via the support option on the app by following these steps; select "Account" at the footer on the home page, choose "Support" and select "Contact customer support" to enable us address your concern.

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 for assistance.

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

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