OneFi – online loan Nigeria
OneFi personal loans up to ₦1,000,000 for blacklisted applicants.
Applying does not commit you to a loan agreement.
Screenshot of https://www.one-fi.com
OneFi – Consumer Finance Platform Nigeria
OneFi (One Finance and Investments Limited) is the corporate entity behind Carbon, one of Nigeria's most popular digital lending apps. While the Carbon brand operates the consumer-facing product, OneFi is the licensed financial institution that underwrites the loans. One Finance and Investments Limited holds a CBN-regulated finance company licence and has been at the forefront of digital lending in Nigeria since 2012. The platform has disbursed billions of naira in loans and processed millions of loan applications.
Through the Carbon app (formerly Paylater), OneFi offers personal loans ranging from ₦1,500 to ₦1,000,000 with repayment periods of 2 to 12 months. Interest rates start from 1% per month for eligible customers, making it one of the more competitive digital lenders in Nigeria. The application is fully digital — download the Carbon app, link your BVN, and apply in minutes. Your loan limit grows with each successful repayment. Funds are disbursed directly to your bank account typically within minutes of approval.
OneFi is regulated by the CBN and the company maintains high standards of data security and user privacy. OneFi/Carbon reports to Nigerian credit bureaus, incentivising responsible borrowing behaviour through better rates for consistent repayers. The company has expanded into investments and insurance through the Carbon app, making it a comprehensive personal finance platform. If you are looking for a well-established, regulated digital lender with competitive interest rates, Carbon by OneFi is one of the top options to consider in Nigeria.
✓ Pros
- CBN licensed finance company
- Interest from 1% per month for eligible users
- Loan limit grows with good repayment history
- Also offers investments and insurance
- Fully digital with instant disbursement
✗ Cons
- Starting limit may be low for new users
- 1-12 month maximum tenure
- BVN and bank account linkage required
Loan example
Representative example: A loan of ₦100,000 over 6 months at 3% monthly interest. Monthly repayment approximately ₦17,960. Total amount repayable: ₦107,760. Total interest: ₦7,760.
Loan requirements
- ✓ Valid BVN
- ✓ Active Nigerian bank account
- ✓ Valid government-issued ID
- ✓ Smartphone (Android or iOS)
- ✓ Nigerian phone number
Loan features
- Personal loans ₦1,500 to ₦1,000,000
- Terms 2 to 12 months
- Interest from 1% per month
- Instant app-based approval
- Grows with repayment history
- Investment and insurance products too
Frequently asked questions
24 hours after submitting your application.
The minimum amount at OneFi is ₦1,500.