Paylater ussd code (loan): Everything you need to know - Startuppreneur

Paylater ussd code (loan): Everything you need to know

Carbon paylater loan is one of the genuine loan company in Nigeria, with paylater you can get a loan of up to #500,000 without collateral or paper work, with just your phone and BVN you are good to go.

What is carbon paylater loan

Carbon paylater loan is a finance company, that give out loan to people in Nigeria and not only that they also double as mobile money where you can transfer money and make bill payment.


You can allow save with carbon paylater and get up to 15% interest rate.

Requirement to get a loan from paylater

To get a loan from carbon paylater their are some requirement you need to meet up with such as


Be a Nigeria and reside in Nigeria

Have BVN and bank account

You must not have defaulted on any loan before

You will provide your passport


You will provide Your ATM card details

How to apply for loan from carbon paylater

The first thing to do is to head over to play store and download carbon paylater app

Launch the app and register with your personal details

You will be ask to bind your card which will cost #50

Once you finish the registration process you will be login automatically

On your dashboard locate and click on loan

It will take you to another page where you will see the available loan

If you have good credit score the available loan will be much

Paylater ussd code

Another option to obtain paylater loan is to use their ussd code which is *1303#, it is fast and quick. On the sim connected to your bank account dial the code and follow the prompt.

How much you can get from paylater loan
From carbon paylater you can obtain up to #500,000 loan provided that you have good credit score.

For first timer the amount of loan you can get will be less but as you take loan and pay back regularly the amount of loan you can take will incrasse.

Interest rate and repayment period of paylater loan

The interest rate of paylater loan is %5 to 25% depending on the amount of loan obtain and the pay back time. Pay back period is between 1 month to 6 months.

Repaying your paylater loan

You can pay back your loan through the ATM card you bind to the loan app or request for their account number.

Is carbon paylater legit

As stated above Carbon paylater is one of the legit loan company in Nigeria, they are fast in disbursing loan and does not send defamatory message to your contacts.

Carbon Paylater contacts

Carbon paylater office

Plot 1224, Bishop Oluwole Street, Victoria Island, Lagos

Carbon paylater phone number
01-460 9945 or 01-631 1215.

[email protected]


Carbon is one of the trusted loan app in Nigeria, therefore you don’t need to fret when taking loan form them.

But ensure you pay back your loan if you don’t, they will report you to credit bureau and in turn your name and BVN will be blacklisted which means you will never get a loan in Nigeria, until you clear your name.

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