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Carbon Loan is one of the online loan app which is available in Nigeria. But the thing is that many people still have a doubt if this Loan app is real or fake. In this post, we will be discussing If it is legit or Scam.
Carbon which is formally known As Paylater has been in existence for so long. They changed their name from Paylater to Carbon for the Past few years. So when ever you hear about Paylater or Carbon loan, always know that they are the same.
Now let’s go down to the main review of this Loan app.
Is carbon Loan Legit or Scam?
Carbon is real and not fake. They are one of the best online loan app in Nigeria, I mentioned this particular loan app while compiling the list of the best loan app in Nigeria and it made the list at number 7. Please note that this review is based on the experience we have using this app combined with the reviews we also get from our readers.
Carbon is legit and you can try them out anytime you run out of cash.
How much is Carbon Loan Interest Rate?
Their Interest rates range from 2% to 30%, and and it depends on the loan repayment period and the amount of money you wish to borrow. If your repayment period is one week, and another person own is 4 weeks, the person with the one week repayment period tends to have low interest rate than the one of four weeks.
How long does it take to get a loan from Carbon Loan?
Normally, Their is always approved instantly and cash sent to the applicants bank account within 5 minutes. The Carbon application process typically takes less than 7 minutes to complete.
How much can I get as a loan from Carbon Loan?
Carbon gives a loan up to 1 million Naira, but all depends on your profile and your previous Loan status.
How do I get a loan from Carbon?
Simple download the app from the Google Playstore and fill in the required information needed which includes your name, BVN, Date of birth and some other few questions. Once this is done, Carbon Reviews your application and approves it almost instantly if it is all correct. You will be given a loan limit and you decide on how much you need as a loan from your loan limit.
Generally, Carbon loan is a Legit Loan App which can be used to get an instant loan when ever you run out of cash or you need to start up a little business.