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Paylater Loan app: App download, Signup, Login, how to apply, Interest Rates, loan ussd code, customer care

In the dynamic landscape of digital finance, Carbon Loan emerges as a revolutionary product, providing swift and reliable financial solutions. Formerly known as One Credit, this innovative lending platform traces its roots back to 2012, initially offering loans exclusively to salary earners through a traditional paper-based approach.

Evolution into Carbon:

In 2015, the company transformed into OneFi, integrating the Credit Bureau of Nigeria and introducing the Bank Verification Number (BVN). This pivotal step allowed the expansion of services to non-salary earners through the utilization of field agents. By 2016, OneFi transitioned into a fully digital platform, rebranding itself as Paylater. This digital upgrade not only simplified the application process but also marked the company’s journey into capturing the hearts of millions of Nigerians through data and smartphones.

Carbon’s Launch and Features:

Carbon officially launched in May 2016, establishing itself as one of Nigeria’s premier fully digital lending platforms, operational 24/7. Within two years, the Paylater mobile app garnered over 1 million downloads, reflecting its widespread popularity. As customer needs evolved, Carbon expanded its services beyond loan disbursements, venturing into bill payments, investments, and financial management.

The Carbon App: Your All-in-One Financial Hub

  1. Ratings and Downloads:
    • 4.4-star rating with over 71k reviews
    • Over 1 million downloads since 2016
  2. Year of Release:
    • 2016
  3. Features:
    • Instant loans for urgent financial needs
    • Money transfers
    • High-interest rate investments
    • Airtime recharge
    • Bill payments

How to Use the Carbon Loan App:

  1. Search for the app “Carbon” on Play Store or App Store to download.
  2. Download the app.
  3. Create your account in minutes.
  4. Get instant access to a range of financial services.

Carbon Loan Application Process:

  1. Loan Section:
    • Request a loan effortlessly.
  2. Payment Section:
    • Conduct various payment activities such as buying airtime, sending money, subscribing to the internet, and paying bills.
  3. Financial Tools Section:
    • Explore investment opportunities and access a free credit report.
  4. Transactions Section:
    • View an overview of all transactions conducted on the app.

How to Get a Carbon Loan:

  1. Register and provide necessary details.
  2. Upload a photo directly from the app.
  3. Click on “Request a Loan.”
  4. Wait for loan approval (usually within minutes).
  5. Accept the offer and provide card details.
  6. Loan durations range from 30 days to 12 months.

Carbon Loan USSD Code:

Utilize the Carbon Paylater USSD code (*1303#) on both MTN and 9mobile platforms for convenient access to loan services.

Loan Repayment Options:

  1. Direct debit channel for automatic deductions.
  2. Direct payment into Carbon’s account via transfer or over the counter.

Advantages of Carbon Loan:

  1. 24/7 availability for seamless transactions.
  2. Minimal requirements – just an Android phone, data connection, and valid identification.
  3. Inclusive financial solutions for everyone.
  4. Transparent services with no hidden charges.
  5. Rewards for positive actions like referrals and early repayments.


Carbon Loan stands as a testament to the evolution of financial services in Nigeria, providing a user-friendly, transparent, and accessible solution for diverse financial needs. With its rich history and innovative approach, Carbon continues to empower individuals with the financial tools they need, right at their fingertips.

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