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Carbon: Mobile Banking & Loans

Traditional banking is dead weight. Carbon unchains users with instant credit, real-time control, and transparent savings.

Finance & Utilities Management ›

Key Figures

Downloads

1M+

User Rating

4.4/5

Total Ratings

36.9K

Publisher

Carbon Finance and Investments Limited

An Analytical Overview of a Pan-African Digital Banking Solution

Key Features: Carbon: Mobile Banking & Loans

Accessible Digital Loans

The app provides easy access to credit without collateral or guarantors, offering flexible terms and higher limits for good repayment.

High-Yield Savings

It allows users to earn significant interest (up to 20% p.a.) on savings, making money grow passively.

Transparent Banking & No Hidden Fees

This tool features clear breakdowns of all transactions and guarantees no unexpected charges, fostering trust and predictability.

Fast & Secure Mobile Payments

The app facilitates instant sending and receiving of money with automatic reversals for failed transactions, ensuring smooth financial operations.

Flexible Buy Now, Pay Later

It allows users to purchase items instantly and spread payments over weeks or months at 0% monthly interest.

Robust Security & Regulation

This tool ensures a safe and compliant banking environment, as deposits are insured by NDIC, and the bank is licensed by the CBN.

Customizable Debit Card Control

The app allows users to manage their #PinkPassport debit card directly, including setting spending limits and controlling usage.

Real-time Transaction Alerts

It provides instant notifications for all account activities, offering immediate awareness and enhancing financial security.

FAQ

Frequently Asked Questions

Everything you need to know about Carbon: Mobile Banking & Loans

What is Carbon: Mobile Banking & Loans?

Carbon is a credit-led pan-African digital bank. It provides an all-in-one app for money management, offering banking services, instant loans, savings, and payment solutions without hidden charges.

How can I get a loan from the Carbon app?

Yes, Carbon provides instant loans ranging from ₦10,000 to ₦1,000,000, available 24/7. No collateral or guarantor is necessary to obtain a loan through the Carbon app.

What are the interest rates and repayment terms for Carbon loans?

Carbon loan monthly interest rates range from 4.5% to 30%, with repayment periods between 61 days and 12 months. The maximum Annual Percentage Rate (APR) is 195%.

Can I earn interest on savings with the Carbon app?

Yes, Carbon offers savings plans that yield up to 20% annual interest. Additionally, users earn 4% annual interest on their average monthly deposits held in their Carbon account.

Does Carbon provide a debit card for transactions?

Yes, Carbon offers the #PinkPassport debit card, allowing payments in Naira anywhere. Users manage card controls, such as spend limits and toggling ATM/POS/online use, directly from the Carbon app dashboard.

What is Carbon Zero and how does it work?

Carbon Zero is a buy now, pay later service with 0% monthly interest. It enables users to spread payments for purchases over 6 weeks or into 4 monthly installments.

Is Carbon: Mobile Banking & Loans a safe and regulated platform?

Yes, Carbon Microfinance Bank is licensed and regulated by the Central Bank of Nigeria (RC: 1642222). All deposits within Carbon accounts are NDIC-insured, ensuring security.

Does the Carbon app charge hidden fees?

No, Carbon explicitly states it has no hidden fees. The platform maintains transparency by providing users with a clear breakdown of all their transactions within the Carbon app.

Can I check my credit report for free using the Carbon app?

Yes, the Carbon app allows users to check their credit report for free. It provides a summary from credit bureaus such as FirstCentral and CRC, detailing performing accounts.

What is the late fee for Carbon loans?

The late fee for Carbon loans is 0.03333% per day. This specific charge is clearly detailed within the loan terms provided in the Carbon app's description.

The following screenshots and description are sourced directly from the app's official store listing and are the property of the app developer.

App Store

Screenshots

Description

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.