# Carbon: Mobile Banking & Loans — Save Money\|Transfers\| Loans

> Pan-African digital bank for saving, spending, loans, and buy now, pay later. (iPhone/iPad app by Carbon Finance and Investments Limited.)

- Source: https://appshunter.io/ios/app/carbon-mobile-banking-and-loans/id1494856668 (this page in markdown: same URL + `.md`)
- Developer: [Carbon Finance and Investments Limited](https://appshunter.io/developer/1494856666)
- Category: Finance, Business
- Price: Free
- Rating: 4.50/5 from 10,188 App Store ratings · 269 written reviews indexed
- Age rating: 4+
- Requires: iOS 15.0 · 176 MB
- Languages: American English
- Released: 2020-02-06
- Data updated: 2026-08-29
- Monetization: free with in-app purchases
- User reviews in markdown: https://appshunter.io/ios/app/carbon-mobile-banking-and-loans/id1494856668/reviews.md

## What is Carbon?

Total control of your finances is possible! Meet Carbon, a credit-led pan African digital bank that makes banking make sense, and your all-in-one app for easy money management.

Track and simplify your personal finances with our easy spending and payment options.
Say goodbye to hidden bank charges, long queues and endless paperwork.

Carbon's digital banking services are designed to change the way you bank, pay, spend and earn.

Earn more when you save
With Carbon, your money is always working for you. Save smart and earn more with up to 20% interest per annum on your savings.

Get loans that make sense
We've made loans easily accessible to help you reach your goals and stay in control.
What you need to know about our loans:
• Loan amounts range from ₦10,000 to ₦1,000,000 with repayment periods from 61 days to 12 months at monthly interest rates that range from 4.5% to 30%
• Max APR: 195% per annum
• No collateral or guarantor necessary
• No hidden fees
• Unlock higher loan amounts by repaying early and transacting regularly.

Representative example: Loan of ₦1,000,000 borrowed for 12 months at 4.5% monthly interest. Total payable: ₦1,540,000. APR: 54%.
Late fee: 0.03333% per day.

A smarter way to buy now, pay later
A smarter way to buy now, pay later at 0% monthly interest with Carbon Zero. Spread payments over 6 weeks or 4 monthly instalments for the things you love.

Who needs cash when you've got the Carbon debit card #PinkPassport—your powerful, bold way to pay in Naira, anywhere.
Control how your card works: set spend limits, block merchants, toggle ATM, POS, or online use—right from your dashboard.

Here's why you'll love Carbon:
Your Carbon account lets you do more than store money. Instead of fees, you earn 4% interest p/a on your average monthly deposits. Get instant loans of up to ₦1 million and smart saving options with returns up to 20% per annum.

Instant loans whenever you need them
We've made access to credit easy and simple. Available 24/7, no collateral or guarantor needed.

No hidden fees ever
You can bank on our transparency. Carbon gives you a clear breakdown of your transactions.

Real-time alerts
Where your money goes doesn't have to be a mystery. Get instant notifications for every transaction.

Fast, simple and secure payments
Send and receive money instantly and enjoy automatic reversals on failed transactions.

Reliable customer support
Focus on what matters—we're here for urgent queries. Reach us anytime through our support channels.

You're always in control
Freeze your card, cancel it, reset your PIN, set recurring payments, and rename saved beneficiaries, all from your Carbon app.

Safe and secure banking
Deposits are NDIC-insured. Carbon Microfinance Bank is licensed and regulated by the Central Bank of Nigeria (RC: 1642222).

Carbon products include:
• Carbon savings
• Carbon loans
• Carbon Zero
• Carbon debit cards (#PinkPassport)

Join over 5 million customers who trust Carbon to save, spend and manage their money on the go. Start banking with Carbon today.

## Key features

- 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

## What do users think of Carbon?

Overall sentiment: neutral

**Pros**

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

**Cons**

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

**Commonly reported bugs**

- Transactions not reflecting in account
- Inability to update personal information
- Loan application process issues
- Frequent app freezes and crashes
- Problems with card linking and usage

**Most requested features**

- Flexible loan repayment options
- Improved customer support channels
- Increase loan limits for loyal users
- Streamlined account management features
- Integration with other financial services

## Recent user reviews (10 of 269)

All indexed reviews: https://appshunter.io/ios/app/carbon-mobile-banking-and-loans/id1494856668/reviews.md

### 4/5 — Account login back

*2026-08-22, version 5.3.0*

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

### 1/5 — The worst

*2026-08-15, version 5.2.5*

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

### 1/5 — You withdrawal my money without giving me loan

*2026-08-14, version 5.2.5*

That’s bad

### 5/5 — Big Mendy

*2026-08-12, version 5.2.4*

Big Mendy

### 5/5 — Problem

*2026-08-07, version 5.2.3*

What’s your social media handle

### 1/5 — Scammers

*2026-08-06, version 5.2.3*

Don’t download if you don’t wanna be at loss

### 5/5 — Thanks

*2026-08-03, version 5.2.2*

Thanks for the loan means a lot

### 1/5 — Failed sign in

*2026-07-30, version 5.2.0*

Well after a while without using the app I decided to log back in which it did successfully only to log me back out and I keep putting in the right details, it keeps telling me wrong pin now to try to set another it’s requesting for a DOB which I also inputted correctly but it keeps telling me it’s wrong now I have to wait again for another 4 awkward hours before trying this again which might not still come out right. How do I proceed????

### 1/5 — Transfer can’t be made since the day you ppl gave me loan

*2026-07-30, version 5.2.0*

Transfer can’t be made since the day you ppl gave me loan

### 5/5 — Amazing

*2026-07-29, version 5.2.0*

Amazing

## Frequently asked questions about Carbon

### 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.

## Version history (last 5 releases)

### 5.3.0 — 2026-08-18

Get: More control over your loan offers and a more accurate view of your loans.
Improvements: Update your employment status and monthly income every 3 months.
Ready to bank safer? Update now for a more secure and seamless experience! Thanks for choosing Carbon MFB!

### 5.2.5 — 2026-08-13

Bug fixes and improvements

### 5.2.4 — 2026-08-11

Bug fixes.

### 5.2.3 — 2026-08-05

Get: Smoother transfers, clearer error messages, and no more hassle when you reinstall the app.

Improvements: Multiple Transfer remarks, duplicate beneficiary handling, device recognition on reinstall, plus general stability enhancements.

Ready to bank safer? Update now for a more secure and seamless experience! Thanks for choosing Carbon MFB!

### 5.2.2 — 2026-07-31

Get stronger account security, improved address verification, and a smoother app experience.

WHAT’S NEW?

Improved Home Screen: We've added a quick-access Credit Report tile for easier access to your credit insights.

Improvements: Security & Stability Enhancements (improved meter number validation).

Ready to bank safer? Update now for a more secure and seamless experience! Thanks for choosing Carbon MFB!

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## More apps by Carbon Finance and Investments Limited

- [Carbon: A.I Business Banking](https://appshunter.io/ios/app/carbon-ai-business-banking/id6478011221)

All apps by Carbon Finance and Investments Limited: https://appshunter.io/developer/1494856666

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*Data collected daily from the US App Store and indexed by [AppsHunter](https://appshunter.io/). User reviews are verbatim App Store reviews. Ratings, prices and chart positions refresh continuously; this snapshot is from 2026-08-29.*