Paylater Loan App is a unique place to get money when there is an unprecedented expense that needs to be attended to. In this blog post, we will take you by the hand and show you the various steps in applying for a loan. You will also get to learn about some of the most important loan terms of the company, its customer support number, and so on. It promises to be an insightful read.

Getting a loan to solve urgent financial needs is not a new idea. This is because there are bound to be times when you run out of cash but need money to cover one expense or the other. It is at such times that finance companies like Paylater Loan App become important.

This app is easy to download and use and in a matter of a few minutes, you would have gotten the money that you need. I will tell you more about it as you continue reading.

About Paylater Loan App


Established in 2016, Paylater Loan is a leading online finance lending platform in Nigeria. This platform currently known as Carbon Loan provides a user-friendly interface for individuals to apply for and get loans in a few minutes.

It provides individual loans at competitive interest rates and makes it easy for you to track your loan status from the comfort of your home through the mobile app. You are also given the privilege to choose between different repayment plans.

The most interesting feature of the loan app is that it has an easy application process that does not require collateral or any paperwork. And its eligibility criteria are very simple. Read the next paragraph to know who is eligible to get funds from Paylater Loans.

Eligibility Requirements For Paylater Loans


To qualify for a loan from Paylater, you must have the following requirements.

  • You must be up to the age of 18 years and above. This is because the loan is meant for adults and 18 years is the official age to be called an adult in Nigeria.
  • You must also be a citizen or permanent resident of Nigeria or any other country where Paylater loan operates.
  • Must provide a government-issued means of identification such as a Driver’s License, Voters Card, Passport, National ID card, etc.
  • Must have an active bank account where the loan will be deposited and the repayment done electronically from time to time.
  • Must have a Bank Verification Number (BVN). This applies to potential Paylater customers in Nigeria. You must have this number issued by a bank for verification.
  • You must also have a steady source of income. This will help hasten your qualification as it will help to confirm your ability to repay the loan.
  • Should have a valid email address.
  • Must have a good credit history. This means that you must not have unpaid debts with any loan firm or a history of not repaying loans at the due time.

How To Create A Paylater Loan Account


As we have noted, this app has a very easy and user-friendly interface. This applies to the ackyntbcrwation method. Take the following steps to create an account.

  • Download the Paylater Loan App from Google Play Store or App Store and install it on your mobile device.
  • Open the app and click on “Sign Up or Register“.
  • Follow the prompts to fill out the required information like email address, phone number, password, etc.
  • Verify your phone number using a code that will be sent to your provided phone number.
  • Follow the prompts to include other details.
  • Enter your bank account information. And you have successfully created an account.

With your account fully created, you can go ahead to apply for a loan. See how to do that in the next paragraph.

How To Apply For Paylater Loan


You can apply and get your loan from Paylater Loans by taking the following steps.

  1. Open the app on your mobile device. Log in to your account using the password that was created during the account creation process explained in the preceding paragraph.
  2. Now scroll and tap on “get a loan“. It could also read “Apply Now“. Tap on it and proceed to the next stage.
  3. Select the loan type, amount, and repayment plan of your choice as you follow the prompts to enter all required details.
  4. Read the terms and conditions of the loan including its interest rates, service fees, and other charges before accepting it.
  5. Now submit your application by clicking on the “Submit” icon. This will formally send your application to the company.
  6. The company will immediately review your application and if you qualify, your loan will be approved. With the approval, you are expected to get the funds disbursed to your linked bank account in a few minutes.

How Much Can I Borrow From Paylater Loan?


The loan amount with the company ranges from ₦5,000 to ₦1,000,000. So, you are allowed to borrow any amount of your choice within this range. However, your credit history and ability to repay the loan will determine whether you will get approved for it or not.

What Are The Interest Rates For Paylater Loan?


The interest rate ranges from 2% to 30% depending on several factors like loan amount, repayment plan, credit history, and the type of loan you are applying for. Ensure that you thoroughly read and understand the loan terms before you accept the loan offer.

Paylater Loan Customer Support Number


The easiest way to get across to Paylater Loan (Carbon) is by calling the customer support number. Through this method, you will get answers to all your questions concerning the app and also enquire about other services that the company offers.

The Paylater Customer Support number is +2 341 460 9945. The number is available 24/7 as there is always a representative online to give you the needed support at all times.

Other Ways To Contact Paylater Loan


Apart from the customer service number, you can contact this loan service by paying a visit to their offices. Paulater Loan has its head office at Plot 1224, Bishop Oluwole Street, Victoria Island, Lagos. Here, all your questions and complaints about the company will be immediately responded to.

Does Paylater Loan Have A USSD Code?


Yes, you can access Paylater loans even without a smartphone. This is done through the use of a USSD code. All you need to do is dial *1303# on your mobile phone and follow the prompts to get a loan.

How Can I Pay Back My Paylater Loan?


You can pay back your loan in two ways. The first is through the use of the Paylater Loan App. Here, you need to open the app, and click on “check loan status”. Now tap on ” Pay Now” and follow the on-screen prompts to enter your account or card details to complete the repayment.

The second method is through the use of Quickteller. This is convenient for customers who had earlier applied for loans through the use of a USSD code. To do this, visit on your device. Select Paylater from the provided options. Accurately enter your account and card details and the amount will be deducted from your account.

Paylater Loan App Download

For you to download and install pay later loan app, kindly visit google play store or tap here. It’s very fast and reliable.


If you want a convenient loan with good terms and conditions, Paylater is one of the best options for you in Nigeria. We’ve highlighted how to go about getting a loan from them and how to go about repaying and other vital information. I hope you will follow every given detail to sort yourself out today.