Carbon Loan Requirements in Nigeria 2024

  • November 19, 2023

This post is all about the Carbon loan requirements in Nigeria.

The more popular payday and online loans are becoming popular every day, the more beneficial these lending platforms are to society.

However, the loan requirements of some of these loan apps are very strict. Some may require face verification, while some may need you to upload your identity card before you can be given a loan.

But, is Carbon loan that strict? Do they even need your BVN or need to see your real-time face photo?

I believe those terms are some of or similar to what brought you here.

If I’m right, then, keep reading for I’ll show you all the Carbon loan requirements, and also walk you through how you can easily and quickly qualify for loan on the Carbon App.

Without wasting time, let’s get started!

What’s Loan Requirements on Carbon all About?

With easy and fast loan offers that can get withdrawn straight into your bank account in minutes, Carbon loan is just one of the best lending companies in the country.

However, the main question is, are their requirements for getting a loan easy?

Carbon loan is not one of those loan companies that mandate you to upload your identification card, bank statement, or recent bill payment proof before you can apply for a loan.

That means Carbon loan requirements are very flexible, and there are not many, and strict loan requirements.

However, the few requirements they have is mandatory, and failure to meet these requirements will result in a declined loan application.

Now, let’s discuss the requirements and how to qualify for the Carbon loan in fast and easy ways.

Check Out: How to Repay Carbon Loan

Carbon Loan Requirements

1. The Carbon App

First and foremost, You are required to download the Carbon app, as that’s the only place that you can apply for Carbon loan.

The app is available for iPhone and Android.

2. Your Full Name

The second Carbon requirement is your full name. This includes your Surname, First Name, and Middle Name. 

Keep in mind that the name provided must correlate with your bank account details and your ID card.

Related: Best Loan Apps without ATM Card in Nigeria

3. Email Address & Phone Number

Phone number verification is another mandatory Carbon loan requirements.

This is because after downloading the app and you’ll need to register with your phone number where a special shortcode will be sent to, for verification.

According to Carbon, they analyze your phone data to determine loan eligibility.

You’ll also need a valid email address while signing up for Carbon Paylater loan. 

4. Bank Verification Number (BVN)

Your BVN is a priority to get loans on any loan app, Carbon is no different too.

5. Bank Details

Another requirement to get loan on Carbon is your bank details. This includes your account name and account number.

Your Account number will be used for fund disbursement after your loan is approved.

Related: Branch Loan Requirements

6. Automated Teller Machine (ATM) Card

Your ATM card number is a must while looking to get a Carbon Paylater loan.

Carbon uses your ATM card to repay your loan when it is due.

7. Face Verification

The last but not the least Carbon loan requirements is face verification.

It is mandatory you take a picture of your face (real-time) while registering to get a loan on the Carbon App.

How to Qualify for Loan on Carbon

Now that we’ve thoroughly explained all the requirements for Carbon loan (which I believe you’ve known), let’s break down how to qualify for the loan.

Below is a simple list of what is needed to qualify for Carbon loan.

  • The Carbon App.
  • Basic personal information such as name, phone number, and Email.
  • Bank Verification Number (BVN).
  • Bank Account details.
  • Automated Teller Machine card (ATM Card).
  • A real-time facial photo of you.

Once you meet these requirements, you’ll be instantly eligible to get a loan from Carbon.

Note: As you keep loaning and repaying on time, Carbon will later require an identity card so that you’ll be eligible for bigger loans.

Check Out: Loan Apps with BVN Only in Nigeria

Carbon Loan Requirements – FAQs

Are there requirements for loan on Carbon?

Yes, similar to other loan Apps, Carbon has requirements that are needed to be passed before you can get loans.

What are the requirements for Carbon loan?

To be eligible for a Carbon loan, you must: Be at least 18 years old, have a regular source of income, and have an active bank account.


Hearing about online loans, sometimes the requirements of some platform can make you think otherwise unless you try it yourself.

I believe the Carbon loan requirements provided in this post will help you easily and quickly get loans from Carbon without worries.

Do you still have questions?  Then, feel free to drop them down in the comment box below. I’ll be glad to help.