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 that makes banking make sense, and 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.

Earn more when you save
With Carbon, your money is always working for you. Save smart and earn more with up to 20% interest per annum on your savings.

Get loans that make sense
We've made loans easily accessible to help you reach your goals and stay in control.
What you need to know about our loans:
• Loan amounts range from ₦10,000 to ₦1,000,000 with repayment periods from 61 days to 12 months at monthly interest rates that range from 4.5% to 30%
• Max APR: 195% per annum
• No collateral or guarantor necessary
• No hidden fees
• Unlock higher loan amounts by repaying early and transacting regularly.

Representative example: Loan of ₦1,000,000 borrowed for 12 months at 4.5% monthly interest. Total payable: ₦1,540,000. APR: 54%.
Late fee: 0.03333% per day.

A smarter way to buy now, pay later
A smarter way to buy now, pay later at 0% monthly interest with Carbon Zero. Spread payments over 6 weeks or 4 monthly instalments for the things you love.

Who needs cash when you've got the Carbon debit card #PinkPassport—your powerful, bold way to pay in Naira, anywhere.
Control how your card works: set spend limits, block merchants, toggle ATM, POS, or online use—right from your dashboard.

Here's why you'll love Carbon:
Your Carbon account lets you do more than store money. Instead of fees, you earn 4% interest p/a on your average monthly deposits. Get instant loans of up to ₦1 million and smart saving options with returns up to 20% per annum.

Instant loans whenever you need them
We've made access to credit easy and simple. Available 24/7, no collateral or guarantor needed.

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. Get instant notifications for every transaction.

Fast, simple and secure payments
Send and receive money instantly and enjoy automatic reversals on failed transactions.

Reliable customer support
Focus on what matters—we're here for urgent queries. Reach us anytime through our support channels.

You're always in control
Freeze your card, cancel it, reset your PIN, set recurring payments, and rename saved beneficiaries, all from your Carbon app.

Safe and secure banking
Deposits are NDIC-insured. Carbon Microfinance Bank is licensed and regulated by the Central Bank of Nigeria (RC: 1642222).

Carbon products include:
• Carbon savings
• Carbon loans
• Carbon Zero
• Carbon debit cards (#PinkPassport)

Join over 5 million customers who trust Carbon to save, spend and manage their money on the go. Start banking with Carbon today.

Ratings and reviews

The app is awesome, their payment method is incredibly amazing. Instant transfer to your bank account. Zero charges for subscriptions, recharge, bills, etc. Gives you enough time to make up for your loan and reminds you ahead of time also gives you the privilege of payment extension if you could not meet up with the due date. Everything about them is SUPERB. Kudos to the team.

What kind of loan app is this? After going through all the processes, they needed the info on my ATM card as the last process for them to disburse the money, I don't have ATM card yet, so I left that part empty. When I logged in to my account again, it's showing that I've been granted loan of 30k and the repayment schedule, whereas I didn't receive any credit alert. This is a scam app. Apart from that I can't go to the home page, I'm just stucked on the loan page.

I had tried obtaining a loan several times from the app when it was still known as paylater, and each time, I was always denied. I had given up, until recently when I saw that I had been typing the wrong date of birth. As long as your details are correct, your loan will be approved within minutes. I just got mine after putting in the right details. It's a very helpful app.

What’s new

Improved NIN verification messages — users now see detailed and accurate error messages instead of a generic one for better clarity and guidance.