The carbon app was formally known as pay later and the app is made for people that might have some personal issues that needs to be attended to immediately either family or otherwise. The app has so many features which include; instant short-term loans for urgent needs, invest money to earn high-interest rates, recharge airtime on your mobile phone, and make bill payments for services. For the sake of this article, we’ll talk about the loans.
When taking a loan from the company through the app, it attracts a rate starting from 5% monthly on the first loan. However, the app clearly states that the loans are intended to meet short term so it is not advisable for users with long term projects to apply.
The loans given by them are typically fast, this is due to the vast number of employees that they have. The carbon firm can be found in some countries around the world like; Nigeria, South Africa, United Kingdom, Ghana and Portugal.
Loans from Carbon does not require any form of collateral or guarantors though at your first try, you may not be able to access large funds, but if you start by borrowing little amount and paying back, then you can have access to bigger funds.
How To Get A Loan From Carbon App
To have access to the carbon app the most important thing you’ll need that is required is an internet enabled smartphone. Once you have that, the following steps should be followed;
Step 1: Download The App
The first step towards getting a loan is to download the app. The app is available for both android devices and ios devices. Go to your app store and search for Carbon. Select the carbon app owned by; “One Finance & Investment Ltd” and download for android users, click here to download the carbon app.
Step 2: Register
Provide your name, phone number, email and all the details required
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Step 3: Upload A Photo
Before you can access loans on the app, you will be asked to upload a recent picture of yourself, you will take it right there from the app with the aid of your phone’s camera
Step 4: Apply For A Loan
When you are done with registering and uploading your photo, you will see a button to request for loan. Follow the instruction given and give all details. Then submit application.
Step 5: Wait For Loan Offer
After application, you have to wait for a decision. This does not take long normally. Just few minutes.
Step 6: Accept Loan And Provide Repayment Details
Once a loan has been offered. You accept it and provide your card details, and where you want to pay back from.
Once the last step has been completed, your loan money will be in your wallet in minutes. It is a very fast process. From your wallet you can transfer it to your bank account and then from there you can do what ever you wish to do with the money.
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