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CarrotPay - Instant loans

CarrotPay - Instant loans

by CARROTPAY LIMITED

11 ratings
5 reviews
💰 Finance

Archived App

This is an archived listing of the app previously available on the App Store.

Although the app is no longer distributed by Apple, you can still view its description, screenshots, version history, ratings, and metadata for reference.

Details

  • Released
  • Updated
  • March 24, 2021
  • February 11, 2022

Developer

CARROTPAY LIMITED
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⭐5
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❓8 answered
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About

Quickly access short-term loans for immediate needs. Apply in minutes, get cash fast, and manage repayments easily. Build your credit history with responsible borrowing.

✓Instant loan application
✓Fast cash disbursement
✓Flexible repayment terms
✓Loan amounts up to N50,000
✓Improve credit history
✓Partial repayment option
Show original description

What's New in CarrotPay

2.0

February 11, 2022

- New loan application flow - See acceptable cards before adding your debit cards - Bug fixes & optimisation

More

User reviews

Most RecentHighest RatedLowest Rated

Referral code

How can I have a referral code I don’t have one
Lastborn1993Lastborn1993

Not useful in any way

This app is not working at all
It’s just a waste…. I rate it -0
tired🤦🏾‍♂️tired🤦🏾‍♂️

Loa

They can’t verify my phone no
Zhope 10Zhope 10

Not working

They can’t even verify my number. Error
echenumechenum

Ekanem Emmanuel

Lovely app, easy to access and register.
Quick credits in a minutes , plus amazing app functions for easy day to day transact.
emanuma91emanuma91

Response from developer

Hello Emmanuel, we really appreciate the positive review. Kindly let us know how we can serve you better so we can get a 5 star review from you .

FAQ

How quickly can I get a loan with CarrotPay?

Once you pass automated checks and your credit score is favorable, you can get a loan within minutes. The app aims to make the process as fast as possible.

What are the minimum and maximum loan amounts with CarrotPay?

You can get loans ranging from N5,000 up to N50,000. The specific amount you are eligible for depends on various factors assessed by the app.

What is the repayment period for loans from CarrotPay?

Loan tenors can run up to 180 days, with repayment periods typically monthly. You can choose the repayment term that best suits your financial situation.

What are the interest rates and fees for CarrotPay loans?

The minimum interest rate is 3% per month, and the maximum is 10% per month, resulting in an APR of 36% to 120%. These rates are determined by the app's credit scoring algorithm.

What is the age requirement to use CarrotPay?

To access loans through CarrotPay, you must be at least 21 years of age. You may also be required to provide a valid Government ID.

Can I make partial repayments on my CarrotPay loan?

Yes, there is an option for partial repayment before your loan is due. This flexibility can help manage your cash flow.

What happens if I don't repay my CarrotPay loan on time?

Falsifying loan applications can lead to consequences such as blacklisting your profile or reporting to the police in cases of fraud. Diligent repayment improves your credit history.

What devices is CarrotPay available on?

CarrotPay is available on iPhone, iPad, and iPod. It is designed for iOS devices.