How much loan can you give?

We can give a new business customer up to N10M. We can do much more for returning customers.

What interest rates do you charge?

We charge a fixed rate of 5% interest per month. This reduces to a 4% interest rate per month after first loan repayment.

What type of businesses do you give loans?

For starters, we are focused on businesses in the Retail, Food Services / Accommodation, Health and Agent Banking sector.

What documents do I need to provide for a loan application?

1) ID Card (one of the following; Travel Passport, PVC, Driver license) 2) Passport Photograph 3) Bank Statement (at least 6 months worth on the main transaction account, preferably a corporate account for the business) 4) Business Name Certificate (For Business Name Registration, the business name certificate, for Limited Liability Company, the CAC Form 7 is fine) 5) TIN number document

Do you require collateral?

No, we offer a collateral-free loan.

Are there any late payment charges?

None, at all. We, however, encourage you to pay up on time as much as you can as this improves your chances of getting subsequent loans and improves your business credit rating.

Can I have a personal Carbon loan and apply for an SME loan?

Yes, you can. Your business is an entity on its own.

How long does it take to get a reply for confirmation?

Once you complete the first stage application, you would get an email instantly from us, informing you of the next steps of the application (where applicable).

How long does it take to get a loan offer?

Ideally, you should get an offer within 5 working days of completing your application, provided that we have received all supporting documents required for you application.