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Carbon: Mobile Banking & Loans

Carbon: Mobile Banking & Loans

Save Money|Transfers| Loans

10K ratings
271 reviews
💼 Business
💰 Finance
Free

Details

  • Released
  • Updated
  • February 6, 2020
  • September 9, 2026

Features

Background Location Access

Developer

Carbon Finance and Investments Limited
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About

Manage your finances with a digital bank offering easy money management, high-interest savings, accessible loans, and a buy now, pay later option. Enjoy secure banking with real-time alerts and a customizable debit card.

✓High-interest savings accounts
✓Accessible instant loans
✓Buy Now, Pay Later (0% interest)
✓Customizable debit card controls
✓Real-time transaction alerts
✓Secure, NDIC-insured deposits
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What users say

Summarized from real user reviews of Carbon. Based on 10K reviews and a 4.5/5 average, it highlights the 5 positives and 5 negatives reviewers mention most about this Finance app.

Positive things

  • 🚀Fast and reliable
  • 💡Great mobile banking app
  • 👍Awesome features
  • 🤟Best loan app
  • 🤑Affordable interest rates

Negative things

  • 🐛Frequent app crashes
  • 🤯Poor customer service
  • 💸High interest rates
  • 🔒Security and account access issues
  • 🤖Unreliable app performance
See all reviews

What's New in Carbon

5.3.1

September 9, 2026

Get a smoother app experience and improved account navigation. Improved BVN Verification: Clearer guidance for BVN mismatches, helping you resolve issues faster. Seamless Navigation: Easier access to key account features. Improvements: Enhanced login responsiveness, address verification, smaller-screen layouts, and overall app stability. Update now for a smoother and more reliable experience. Thanks for choosing Carbon MFB!

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User reviews

Most RecentHighest RatedLowest Rated

Too much task abs requirements

Too much tasks just to waste your time and collect your money
AyamasheAyamashe

Free transfers

Carbon gives free transfers before but now they don’t, why?
JharzzparrJharzzparr

Account login back

Please I just created my account now and after I put all my details then they log me out after everything was successfully and I try to login back but they said incorrectly password which is correct please do something
Clever43Clever43

The worst

The worst customer service ever run for your lives very slow not a reliable app
JaayzzzzzzzzJaayzzzzzzzz

You withdrawal my money without giving me loan

That’s bad
You’re all thiefYou’re all thief
See 266 more reviews

Developer apps

Carbon: A.I Business Banking
Carbon: A.I Business Banking

Banking & Financial Management

💰 Finance

(51)

Free
See developer apps

User experience

🐞

Reported Bugs

5 issues

Transactions not reflecting in account

Bug

Inability to update personal information

Bug

Loan application process issues

Bug

Frequent app freezes and crashes

Bug

Problems with card linking and usage

Bug
✨

Requested Features

5 requests

Flexible loan repayment options

Feature

Improved customer support channels

Feature

Increase loan limits for loyal users

Feature

Streamlined account management features

Feature

Integration with other financial services

Feature

FAQ

What does the Carbon app do?

Carbon is a digital bank that provides comprehensive financial management tools. It allows users to save money with high interest rates, access instant loans without collateral, and utilize a buy now, pay later service with 0% interest. The app also offers a customizable debit card and secure banking services.

What are the key features of Carbon?

Key features include high-yield savings accounts offering up to 20% interest per annum, instant loans ranging from ₦10,000 to ₦1,000,000 with flexible repayment terms, and Carbon Zero for buy now, pay later purchases at 0% monthly interest. Users also benefit from a customizable debit card, real-time transaction alerts, and secure, NDIC-insured deposits.

How much does Carbon cost?

The app itself is free to download and use, operating on a free with in-app purchases model. While there are no hidden fees for banking transactions, loan products have specific interest rates and potential late fees. For example, a loan of ₦1,000,000 for 12 months at 4.5% monthly interest has a total payable of ₦1,540,000 with an APR of 54%.

Is Carbon available on all devices?

The provided description does not explicitly state compatibility with specific operating systems (iOS or Android). However, as a mobile banking application, it is designed to be used on smartphones and tablets, implying availability on common mobile platforms.

What are common use cases for the Carbon app?

Common use cases include managing daily spending and payments, saving money with competitive interest rates, quickly accessing funds through instant loans for personal needs or emergencies, and making purchases with the buy now, pay later option. Users can also control their debit card spending and receive instant notifications for all transactions.