MrFollowFollow:


The interest on the loan is 13.5% each month as stated and I will show you how your monthly installment was computed

For 6 months it will come to a total of N38,500 x 13.5% x 6months = 31,185

Total principal (38,500) + Total interest (31,185) = 69,685

Monthly installment =69,685 divided by 6 = N11,614



For your information there is no bank, micro finance bank, loan app or money lender in Nigeria that will give you such a risky loan then charge you interest of just 13.5% for 6 months!

Can you yourself tie down N38,500 for 6 months for interest of just 13.5% which equates to just N5,197.50 when you know fully well that inflation rate in Nigeria is above 15%?

What are you saying sef. 13.5% multiplied by 6 is 81%

Why are you saying 13.5% for 6 months?

Peledonomy:
Collect from 20 other loan apps, that should give u over 600k.

Please use d money and enter go to Akwa Ibom state. The new governor is doing happy hour every friday.

Flex d money well. Snap photos and post on Instagram and Facebook.

Run ads with the photos on Instagram and Facebook telling people you will show them the secret of getting money to ball like you.


Charge 5k registration fee. 1000 people should be daft enough to register. That's 5 million.


Use 1.2 million to pay back. The rest is yours

Naija people 😁

goodmuscopi:
You are not saying the truth. Carbon will show you what you will payback before disbursement. By the way, are you so daft not to see 13% abi you don't know that you chose 6 months.
You want play smart by playing victim of what you say yes, "I understand" to.

Thank you bro for this comment.

Don't mind the op. He is a big liar. Carbon will always show how much one will pay back. Thereafter the person will accept it or decline.
The op is looking for who will back him up.

I have been using Carbon right from when they were known as PAYLATER since 2017.

AutoManual:
Make Una see loan when carbon give me. They didn't make it clear how much I need to pay in total. It was after I took the loan I saw the about they wanted me to pay. Now tell me how they expect me to pay this money. I find way to return the money but there was no way. And I was too tempted to spend the money now.

I might end up defaulting this loan oh.

Just imagine. See attached image below

Cc: suen.

You are a big liar. Instead of saying that you were quick to accept the offer without checking your monthly repayment or you don't know how to navigate to where you will check.
You are here claiming Carbon did not show u.
You better pay back what u collected.

I have been using Carbon since 2017 when they were known as PAYLATER and before you click on accept, you will be shown how you will repay the loan.

You quickly accepted the offer without checking and you come here to spoil that firm.
Better pay back what you collected.

luluosas:
Don't embarrassed yourself please. You took a six months tenure and you are here ranting

I saw 13.5% and options to pay 6 months. I never saw 96%. It was in the afternoon I was in the market Running around and needed money urgently. I never had the time to go through it like that. It was when I go home to check I saw 96%. I have contacted them but yet to reply me. I am ready to refund the money but no option now. I don't need the money again. And don't mind paying 13.5 for a month only.

SilentVboy:
Thank you bro for this comment.

Don't mind the op. He is a big liar. Carbon will always show how much one will pay back. Thereafter the person will accept it or decline.
The op is looking for who will back him up.

I have been using Carbon right from when they were known as PAYLATER since 2017.

I saw 13.5% and options to pay 6 months. I never saw 96%. It was in the afternoon I was in the market Running around and needed money urgently. I never had the time to go through it like that. It was when I go home to check I saw 96%. I have contacted them but yet to reply me. I am ready to refund the money but no option now. I don't need the money again. And don't mind paying 13.5 for a month only.

sherylbaky:
See as I dey look u

U'll pay back 2 to 3 million

If it is up to 1.3mill as interest I go japa with it

The interest is calculated upfront, and it is not 96%. I do use them too.

AutoManual:
I saw 13.5% and options to pay 6 months. I never saw 96%. It was in the afternoon I was in the market Running around and needed money urgently. I never had the time to go through it like that. It was when I go home to check I saw 96%. I have contacted them but yet to reply me. I am ready to refund the money but no option now. I don't need the money again. And don't mind paying 13.5 for a month only.

AutoManual:
is been two year I use them during COVID 19. It was that former experience that made me go back to the app. They didn't even show how much in total I will pay back. I thought it was same as last time. But was disappointed

you are mistaken here ..

Take your calculator .. 13% if 38,000 is just 4,000.

Meaning you're paying back 42k

Kaiser20:

You see what a Bad leadership will do to a country. Destruction!
When institutions take advantage of Vulnerable youths without jobs and future..

Ppl like u will always blame the government for ur miserable life forgetting that some of ur mates are successful in life already while u r waiting for d government to do everything for u

Did d government ask u to go and take loan from carbon, if their interests rate is too much why not go to ur bank and meet with ur account officers on possible loan, there are many micro finance banks with reasonable interest rates if u have a guarantor u can take to them and an existing business

luluosas:
The interest is calculated upfront, and it is not 96%. I do use them too.

how? Don't you see the amount I needs to repay there? In total it's 69k

I collected 30,500 for a 3-months tenue and I paid 39k plus in all. Do your calculations and see that the interest rate is 13%x6 months. Thank you

AutoManual:
how? Don't you see the amount I needs to repay there? In total it's 69k

luluosas:
I collected 30,500 for a 3-months tenue and I paid 39k plus in all. Do your calculations and see that the interest rate is 13%x6 months. Thank you

maybe I didn't check well or probably didn't understand. But I wanted to return the money's. I don't mind paying 13.5 for one month. I don't want the loan again. I have been trying to get through to them via WhatsApp and the in all contact but still not responses. I will just end up not paying them a dem if they they I will pay 96%. It will never work. Maybe I will just install the app.

Reach out to them on Twitter, tell them your issues plainly and beg them to terminate the loan and make only one month interest payment.

AutoManual:
maybe I didn't check well or probably didn't understand. But I wanted to return the money's. I don't mind paying 13.5 for one month. I don't want the loan again. I have been trying to get through to them via WhatsApp and the in all contact but still not responses. I will just end up not paying them a dem if they they I will pay 96%. It will never work. Maybe I will just install the app.

luluosas:
Reach out to them on Twitter, tell them your issues plainly and beg them to terminate the loan and make only one month interest payment.

all effort to reach them failed and now they are asking me to pay the loan. When I can't even reach or contact them.

sherylbaky:
This is outrageous...Haba

Pls don't touch the money just return it. Mail them and let them know u may not have the capacity to pay back. They should let you know how you could send it back to them.

This is fraud not loan

Repeat what you wrote up there to yourself 10 times and see if it makes sense to you.

You filled a loan form and agreed to the conditions, they disbursed it to you and you come up with a childish reason to reject the loan.

Did op tell you he was a minor?

Besides my only grouse is that that money is small. I wouldn't mind #1 million with same condition of payment. Yes it's huge but it is what is unless you have better options.

If you have a good business you use it for, you should be okay.

AutoManual:
it was not clear to me. All the loans I collected earlier some year ago want not outrageous like this. And sometimes and I end up paying up the money either at once or twice. I don't need to wait for all that month. They would have stated the total amount I needed to pay. Check it now. Loan I would have paid even before 1 or 2 months. I wrote to them no response. I might end up paying only the actual loan amount with the right interest. Not the 86%

Please how old are you? You sound so childish.

They are responsive on Twitter. Try again

AutoManual:
all effort to reach them failed and now they are asking me to pay the loan. When I can't even reach or contact them.

Nah simple calculation nau
This is simple interest that we all did in mathematics
SI = Principal x Rate x Time/100
Principal= 38,500 Rate = 13.5% Time = 6months
Then SI = 38500 X 13.5 X 6/100
= 31,185
Then total amount to be paid will now be
Principal + interest
31,185 + 38,500 = 69,685
Infact ehn this loan interest is even the fairest I have seen, other apps collect as much as 30% okash nah worst. Now imagine paying twice of the interest
Even fair money ain't fair at all
It's not easy, only God can help

Just message them via mail or twitter and tell them all you wanted was a loan for just a month and not the one with 6months span. Ask them if there's a way to go about it cos you ain't ready to keep paying for a certain loan for 6months. Drop your phone number and email address. Then wait for their response or call.

luluosas:
They are responsive on Twitter. Try again

don’t have twitter account