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All Your Questions Answered: Carbon Quick Loan

Do you need urgent funds to meet your personal needs? Carbon Quick Loan is handy for moments like these. Carbon is a credit-led digital bank offering modern banking services including Quick Loans to those looking for value and control over their finances.

FAQs About Carbon Quick Loan

Here are some frequently asked questions about Carbon Quick Loan:

What do I need to access a Carbon Quick Loan?

To open a Carbon account, you must be at least 18 years old, have a valid mobile number, a functioning email address, a valid ID, and BVN.

You are also required to.

  1. Be a Nigerian citizen.
  2. Have a verifiable monthly income.

Why is my BVN required?

Carbon requests for your BVN to confirm you are the one applying for the loan and not someone else.

What is the maximum amount I can borrow?

The maximum amount that can be borrowed is N1,000,000. However, the amount of money you can borrow will depend on your income and your credit history. The interest rate on the loan is also based on your credit history. You can check your credit score for free on nairaCompare!

What is the interest rate on Carbon Quick Loan?

The interest rate on Carbon Quick Loan is 10% per month which is fixed for the duration of the loan.

What is the repayment term for this loan?

You can choose to repay this loan over a period of 1 to 6 months.

How long does it take to get approved for a Carbon Quick Loan?

Once you have submitted your application, Carbon will review your application and get back to you within 15 minutes. If you are approved, the funds will be deposited into your bank account within one business day.

What happens if I am not approved for a Carbon Quick Loan?

If you are not approved for a Carbon Quick Loan, you will not be charged any fees. You may want to reduce your loan amount or improve your credit score before reapplying.

Do I need a collateral to be approved for Carbon Quick Loan?

It is an unsecured loan, which means you do not need to offer any collateral to get approved.

What are some of the key features of Carbon Quick Loan?

Carbon Quick Loan can help you get the funds you need when you need them.

Some of its key features include.

  1. Fast approval: Carbon uses a proprietary algorithm to assess your creditworthiness and make a decision on your loan application within 15 minutes.
  2. No collateral required: You do not need to put up any collateral to get approved for a Carbon Quick Loan. This makes it easy to get the funds you need, even if you do not have any assets to secure the loan.
  3. Secure: Carbon uses the latest security measures to protect your personal information. This includes encryption, fraud detection, and identity verification.

If you are looking for a quick and easy way to get a loan, Carbon Quick Loan is a great option.

Are there risks to taking a Carbon Quick Loan?

Like any loan, there are risks associated with getting a Carbon Quick Loan. These risks include:

● Late payment fees: It is important to weigh the risks and benefits of getting a Carbon Quick Loan before you decide if it is right for you.

How to Apply for Carbon Quick Loan on nairaCompare

1. Click on ‘Carbon Quick Loan

2. Read through the information on the product page to get more details about the product.

3. Click on ‘Apply’ to begin the application process.

4. Fill in your personal details.

5. Submit your application form for review and processing.

6. After a successful review of your application, you will receive an email notification confirming your application.

If the bank approves your application, you will receive the money in your bank account within 24 hours.

Visit nairaCompare to know more about the Carbon Quick Loan and other available loans that may suit your needs.

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