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Is Carbon Loan Legit? How does it Work? Interest rate, Carbon Loan App Download

Are you still guessing if Carbon loan app is still legit? Do you want to inow how it works or the interest rate so that you can borrow money today? 

This article is for you. Make sure you read to the very end. 

What is Carbon Loan?

Carbon Loan is a service that provides instant cash loans based on a person’s carbon footprint data. The company uses information from various sources like utility bills, travel history, online purchases etc to assess one’s carbon footprint. Those with a lower carbon footprint are eligible for higher loan amounts at lower interest rates.

How does carbon Work?  

The process of getting a carbon loan is as simple and straight forward, just follow this process. 

  • Download the Carbon Loan App and provide basic details like name, address etc to register. The app will request access to various data sources to analyze your carbon footprint.  
  • Allow the app to access sources like your utility bills, travel history from services like Uber or flight bookings, online purchase history and more. This data is used to calculate your household’s carbon footprint. 
  • Based on the carbon footprint analysis, you will be given a carbon score. A lower score means a greener lifestyle and higher chance of loan approval. 
  • Specify the loan amount you need and the repayment tenure. Carbon Loan uses the carbon score and your credit history to decide the interest rate.
  • If approved, the loan amount will be credited to your bank account within a few hours. You need to repay the principal along with interest as EMIs during the chosen tenure.
  • Make timely repayments to maintain a good credit and carbon score for accessing higher loans in future. Failing to repay can attract penalties.

 Is Carbon Loan Legit?

Carbon Loan is a legitimate loan providing platform that has disrupted traditional lending by introducing environmental parameters.Infact,  It is registered as a NonBanking Financial Company (NBFC) with RBI and authorized to provide loans. 

Loan amounts ranging fro 100,000 to 200,000 naira are offered based on the carbon footprint. Higher amounts may be available to high scorers.

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How to Download the Carbon Loan App

To avail instant cash loans from Carbon Loan, simply download their official mobile app from the Google Play Store or Apple App Store

1. Search for “Carbon Loan” in the app store and install the top result from Carbon Financial Services Pvt Ltd. 

2. Open the app and tap “Get Started”. You will need to have the location access enabled for privacyfocused data collection.

3. Enter basic details like name, phone number and email to register. Read and accept the terms and conditions.  

4. Tap “Continue” to allow the app to access important data sources like utility bill payments, travel bookings, online purchase receipts and more over the last 2 years.

5. Once data collection is complete, your carbon footprint and score will be calculated and displayed. You can also view categorywise insights.

6. To avail an instant loan, tap “Borrow” and enter the amount and preferred tenure in months. 

7. Your loan eligibility and estimated interest rate will be shown. Read all conditions carefully before applying. 

8. On approval, the amount will be credited to your linked bank account within hours for urgent financial needs. Carbon Loan Interest Rates 

The interest rates

The interest rate charged on carbon loans offered by the company varies inversely with the customer’s carbon footprint score assigned after analyzing relevant lifestyle data. Here are some indicative interest rate:

  • Carbon Score 81100  Interest Rate 12% 
  • Carbon Score 6180  Interest Rate 14%
  • Carbon Score 4160  Interest Rate 16% 
  • Carbon Score 2140  Interest Rate 18%
  • Carbon Score 120  Interest Rate 24%

FAQs about Carbon Loan

Below are some frequently asked questions related to the carbon footprintbased lending model of Carbon Loan

How long does it take for Carbon loan to be approved?

Carbon loans are typically approved within minutes after submission of all required details.

How do I know when my loan is approved?

If your application is approved, you will receive a loan offer outlining the loan amount, interest rate, repayment schedule, and any applicable fees.

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Why did my loan get denied?

If your Carbon loan application is denied, you will receive a notification explaining the reason for the denial. Common reasons for loan denial include:

  • Insufficient credit score or credit history
  • High debt-to-income ratio
  • Incomplete or inaccurate application information
  • Failure to meet the lender’s eligibility criteria
  • Previous loan defaults or delinquencies
  • Insufficient income or employment history

To improve your chances of approval in the future, ensure that your credit score is healthy, maintain a low debt-to-income ratio, and provide accurate and up-to-date information on your application.


In conclusion, Carbon Loan has introduced an innovative and sustainable financing solution that utilizes environmental data to make credit accessible at lower costs. By rewarding greener lifestyles digitally through preferential loan terms, the model effectively achieves dual objectives of financial inclusion as well as encouraging ecofriendly practices. 

As long as customers read all terms carefully, understand obligation of timely repayments and use credit responsibly for productive needs, carbon loans can prove beneficial in addressing urgent cash needs. With growing acceptance of digital lending, such outcomebased models integrating realworld user behavior are likely to shape responsible finance of tomorrow. Overall, Carbon Loan presents a viable, transparent and credible option for the costconscious, ecofriendly citizen within regulated norms.

 Additional FAQs:

1. What should be my monthly loan repayment capacity in terms of income to qualify for a carbon loan of Rs. 50,000?

 For a 12 month tenure loan of Rs. 50,000 at 14% annual interest rate, the EMI will be around Rs. 4,500. Your minimum monthly income should be at least 34 times the EMI amount which is Rs. 15,000 in this case.

2. What is the maximum tenure to repay a carbon loan?

 The maximum tenure or repayment period currently allowed by Carbon Loan is 24 months. Customers can choose equal monthly installments between 6 to 24 months based on loan amount and repayment capacity.

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