Carbon is an application for Android that provides access to a wide range of banking and loan services in Nigeria. Users can provide their financial details and calculate how much money they are able to borrow.
Instant credit
After users apply all necessary documents including their salary information, they only need to wait for a few days. Once the request is approved, it is possible to receive money right to a bank account for further management.
There are affordable interest rates and flexible repayment options meaning, it is not necessary to return back borrowed money in a short period. You can cover your loan with several equal installments. Just like in Tala, there is a similar system that increases your credit score if you complete payments on time or close to repaying the complete amount earlier than expected.
Control
Not only is the app suitable for receiving loans but also managing financial resources. To be exact, here you can pay for your bills, subscriptions and other services as well as perform contactless payments. It is possible to complete domestic and international transfers. There is a built-in currency exchange that allows you to convert your funds to dollars, euros and other banknotes.
Features
- available only to Nigerian citizens;
- allows to set up savings to repay loans on time;
- possible to track credit history and view the current score;
- free to download and use;
- compatible with supported Android versions.
