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

The new update to your looks good except for the continuous prompt to set up biometric login. I don't need biometric login as I don't fancy it for financial apps. Why do I keep getting the prompt to do so at every login to transact. It makes no sense. Please rectify this in your next update. It shouldn't be a compulsory thing to set up biometric login. otherwise, there will be no peace for the user until it is done.

I hate to borrow an iPhone quote but "It just works"!. Update: Still the App I know and love even now in 2024 but visually it now looks too plain with its all-white background. Perhaps add a background theme option (or appearance settings in general) for "light" or "dark" based on my phone system preferences. I couldn't make it less glaring to my eyes except to turn down my screen brightness but if the option already exist I couldn't seem to find it despite looking all over... 🤷

3 stars because it's great at doing what it says on the lid. Creating an account and performing transactions is an all-around seamless and easy process. Loses 2 stars because of lack of dark mode and the transaction charges. In this day and age, it's atrocious that there's no dedicated dark mode in the app, user experience is horrible when my device is on dark mode with text labels that have zero contrast. Also the 10 naira charges per transfer add up for users who make a lot of transactions.

What's new

New in This Version:

Smoother Transactions: Improved money sending and transaction history.

LiveChat Support: Get quick help for payment issues.

Bug Fixes: Fixed emoji errors and biller load times.

Onboarding Enhancements: Easier signup with phone verification and PIN setup.

Investments & Savings: Bottomless scroll for investments and refined savings management.

Thanks for choosing Carbon! We continuously enhance your experience.