# CarrotPay - Instant loans > Instant short-term personal loans for emergencies. (iPhone/iPad app by CARROTPAY LIMITED.) - Source: https://appshunter.io/ios/app/carrotpay-instant-loans/id1558925564 (this page in markdown: same URL + `.md`) - Developer: [CARROTPAY LIMITED](https://appshunter.io/developer/1558925566) - Category: Finance - Price: Free - Rating: 2.30/5 from 11 App Store ratings · 5 written reviews indexed - Age rating: 4+ - Requires: iOS 12.0 · 43 MB - Languages: English - Released: 2021-03-24 - Data updated: 2026-06-10 - Monetization: free - User reviews in markdown: https://appshunter.io/ios/app/carrotpay-instant-loans/id1558925564/reviews.md ## What is CarrotPay? With CarrotPay, getting a loan is almost as easy as thinking about it. Once you pass our automated checks and your credit score is favorable, you can easily get a loan within minutes. GETTING STARTED *Download CarrotPay *Create your account in minutes *Apply for a loan *Get the cash you need And just like that, you can solve your immediate problems. ABOUT CARROTPAY CarrotPay provides loans for as low as N5,000. To access our loans, you must be at least 21 years of age. Depending on the loan product you are eligible for, a loan tenor can run up to 180 days. It’s up to you to choose the loan repayment term that works best for you. There’s also an option for partial repayment before your loan is due. By repaying diligently, you can improve your credit history, which allows you to have access to a higher amount as loans in the future. RATES AND FEES. To access our loans, you must be at least 21 years of age. We may require that you provide a valid Government ID. You can get as little as N5,000 and up to N50,000, and you can pay back between 60 to 180 days. Our usual repayment period is monthly. Our minimum interest rate, determined by our credit scoring algorithm, is 3% per month and a maximum of 10% per month. This comes to an Annual Percentage Rate (APR) of 36% to 120%. REPRESENTATIVE EXAMPLE. If you choose a loan package of N10,000 (Principal) to pay back over a 6-months tenor at an interest rate and fees of 3% per month (36% APR), you will be paying back N1,966.67 monthly for 6 months. At the end of the 6 months, you would’ve paid a total of N11,800. Please do not take a CarrotPay loan to fund your lifestyle or service long-term debts. Short-term loans are helpful in emergencies but can quite expensive when compared to long-term loans and should be used with care. ADDITIONAL NOTES. When assessing your eligibility for a loan, there are several factors we consider. Some of which are past loan performance, credit score, etc. Ensure that your loan application is correctly filled in as any falsification can lead to consequences ranging from blacklisting your profile to reporting you to the police in clear cases of fraud. CONTACT US, WE’RE ALWAYS THERE We appreciate your feedback and can’t wait to hear from you. * Email us on support@carrotpay.ng * Visit our website: www.carrotpay.ng * Follow us on Twitter: https://twitter.com/CarrotPayng * Like our Facebook page: https://www.facebook.com/carrotpayng/ * Follow us on Instagram: https://www.instagram.com/carrotpayng/ * Follow us on LinkedIn: https://www.linkedin.com/company/carrotpay-ng-limited ## Key features - Instant loan application - Fast cash disbursement - Flexible repayment terms - Loan amounts up to N50,000 - Improve credit history - Partial repayment option ## Recent user reviews (5 of 5) All indexed reviews: https://appshunter.io/ios/app/carrotpay-instant-loans/id1558925564/reviews.md ### 1/5 — Referral code *2023-05-17* How can I have a referral code I don’t have one ### 1/5 — Not useful in any way *2022-11-22, version 2.0* This app is not working at all It’s just a waste…. I rate it -0 ### 1/5 — Loa *2022-03-18, version 2.0* They can’t verify my phone no ### 1/5 — Not working *2022-03-12, version 2.0* They can’t even verify my number. Error ### 4/5 — Ekanem Emmanuel *2021-07-13, version 1.2* Lovely app, easy to access and register. Quick credits in a minutes , plus amazing app functions for easy day to day transact. **Developer response:** 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 . ## Frequently asked questions about CarrotPay ### 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. ## Version history (last 1 release) ### 2.0 — 2022-02-11 - New loan application flow - See acceptable cards before adding your debit cards - Bug fixes & optimisation ## Apps similar to CarrotPay | App | Rating | Price | Category | | --- | --- | --- | --- | | [Metro Bank Authenticator](https://appshunter.io/ios/app/metro-bank-authenticator/id1524446800) | — | Free | Finance | | [Currency Now](https://appshunter.io/ios/app/currency-now/id1525402900) | — | Free | Finance | | [Banco Río Token](https://appshunter.io/ios/app/banco-rio-token/id1526318960) | — | Free | Finance | | [Private Client Services](https://appshunter.io/ios/app/private-client-services/id1528067380) | 4.4 (10) | Free | Finance | | [Azucko](https://appshunter.io/ios/app/azucko/id1529876100) | — | Free | Finance | | [에이프로빗(APROBIT)](https://appshunter.io/ios/app/aprobit/id1524604860) | — | Free | Finance | --- *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 2026-06-10.*