Carbon: Mobile Banking & Loans

Carbon Microfinance Bank

About this app

Total control of your finances is possible! Meet Carbon, a credit - led pan African digital bank, your all in one app for easy money management.
Track and simplify your personal finances with our easy spending and payment options.
Say goodbye to hidden bank charges, long queues and endless paperwork.

Carbon’s digital banking services are designed to change the way you bank, pay, spend and earn.

Change the way you Earn with Carbon
With Carbon your money is always working for you. Save smart and earn more with up to 15.5% interest per annum on your savings.

Change the way you achieve your goals
We’ve made loans easily accessible to you to help you reach your goals and stay in control.
*What you need to know about our loans;
•Loan amounts range between ₦2,500 to ₦1,000,000 with repayment periods from 61 days to 12 months at monthly interest rates that range from 4.5% to 30%
•The Max APR is 195% per annum
•No collateral or guarantor necessary
•No hidden fees
•You unlock higher loan amounts by repaying early and carrying out other transactions on the app.
*Representative example: Loan amount of ₦1,000,000 borrowed for 12 months. Monthly Interest Rate: 4.5%. Total amount payable: ₦1,540,000. APR: 54%.
0.03333% per day late fee

Change the way you Pay with Carbon
Say hello to Carbon Zero, our Buy now pay later product. Spread payments for any purchase with your Carbon debit card into four installments for anything you love and pay over four interest-free installments.

Change the way you Spend with Carbon
Who needs cash when you’ve got a Carbon debit card #PinkPassport. Spend and earn in one place with Carbon. Enjoy 1% cashback monthly on every card (POS) transaction. Terms and conditions apply.

Here’s why you’ll love Carbon:
Your Carbon bank account allows you to do more than store money. Instead of fees, we give you 1% of your account balance every month. Enjoy free transfers, zero maintenance fees, instant loans of up to 1 million.

Instant Loans are available 24/7
We’ve made access to credit easy and simple. Get the best loans in Nigeria with our secure bank loans. Available 24/7, no collateral or guarantor necessary.

No hidden fees ever
You can bank on our transparency. Carbon gives you a clear breakdown of your transactions.

Real-time alerts
Where your money goes doesn't have to be a mystery. Receive instant notifications for every incoming and outgoing transaction.

Fast, simple and secure payments
Transact in seconds, send and receive instant bank transfers, and enjoy instant reversals on failed transactions.

Reliable customer support
Focus on having fun. We’ve got an amazing team of customer service for urgent queries, so we’re always here. You can always reach us to raise queries or learn more about our services via our different support channels. We’d love to hear from you!

You’re always in control
The Carbon debit card is your passport to financial freedom and security. Freeze your card temporarily or permanently, cancel or deactivate your card, reset your card pin, set recurring transactions, and customize the names of your saved beneficiaries, all in your Carbon app.

Safe and secure banking
Deposits are NDIC insured. Carbon microfinance bank is licensed and regulated by the Central Bank of Nigeria with the RC number: 1642222.

Carbon products include:
Carbon savings
Carbon loans
Carbon Zero
Carbon debit cards
Carbon SME loans

Join over 3 million customers who trust Carbon to save, spend and manage their finances on the go. Start banking with Carbon today.

Instant loans whenever you need it.
We’ve made loans easily accessible to you to help you reach your goals and stay in control. Unlock higher loan amounts by repaying early and carrying out other transactions on the app.

Ratings and reviews

Good app interface good graphics I also love how the app was set up. But I can't give a 5 star rating cause I haven't been able to add my bank statement successfully due to the fact that the face verification is totally blind can't seem to take a selfie the only time it succeeded in taking a selfie carbon failed to send an otp for me to complete the process and since then I haven't been able to take a selfie to complete the statement binding process.

The app is very good. Instant transfer without delay, loan approval without delay and very easy to transact. However, I cannot give five star rating because you are not transparent since there is no where on your app to see the point earned. Recently, loan is not granted until one move to tier 4. Tier 4 is based on certain conditions. I have been carrying out transaction, but cannot see the points earned.

Great people, Carbon! App could be better tho. This version is quirky. I still get prompted to activate biometric authentication, almost each time I log in despite having already set it up. Also, sometimes get the sign on screen displayed when I open the app and I have to enter phone number and the pin, instead of just simply prompt for pin. Kindly fix.

What's new

This update improves app stability and enhances your experience with Carbon Zero and loan management. We’ve added better error handling, streamlined loan eligibility displays based on user tiers, and optimized bank transfer functionality. Key bugs have been fixed for smoother onboarding and payment interactions. Update now to enjoy a more reliable and intuitive Carbon app experience.