Carbon offers flexible personal loans in Nigeria ranging from ₦2,500 to ₦1,000,000. Repayment terms span 61 days up to 12 months, with annual percentage rates (APR) from 54% and a maximum APR of 195%. No collateral, no guarantor, and no hidden charges are required. Early repayment unlocks higher credit amounts and lower interest rates—making it suitable for responsible borrowers seeking quick cash solutions.

How to Apply for a Carbon Loan

First, download the Carbon app from your preferred app store and install it on your smartphone.

Next, register for a free account by entering your details and verifying your identity through the app.

Once registration is complete, select the loan option and input the desired loan amount and duration.

Submit your loan application and wait for a prompt response within minutes. Approved funds are disbursed instantly into your Carbon account.

Repay your loan through the app to maintain eligibility for higher amounts and better rates in future applications.

Pros of Carbon Loans

One significant advantage is the fully digital process—no need for paperwork, collateral or lengthy interviews. The app is user-friendly and straightforward.

The quick disbursement time, coupled with flexible loan amounts, ensures that both salaried employees and small business owners can access funds as needed.

Cons of Carbon Loans

The APR, starting at 54% and potentially going as high as 195%, can make borrowing expensive, especially for longer tenures or late payments.

Additionally, lower loan amounts may be offered to first-time users, and late repayments can attract daily penalties.

Our Verdict

Carbon Loans is ideal for Nigerians seeking instant, paperless credit with transparent terms and a rewarding repayment structure. Carefully review terms on the app before applying. Timely repayments keep costs manageable and unlock better offers.