Timiza Loan App, managed by Absa Bank Kenya, is a dynamic platform designed for quick and easy access to financial services, including short-term personal loans. Whether you need to top up your airtime, pay bills, or get a cash advance, Timiza offers a range of services to cater to your immediate financial needs.
Overview of Timiza App:
- App Name: Timiza
- Operated by: Absa Bank Kenya
- Year Launched: 2021
- User Rating: 4.2 out of 5 stars
- Downloads: Over 1 million
- Loan Limits: KES 1,000 to KES 150,000
- Interest Rate: 1.083% per month
- Facilitation Fees: 5% on the loan amount
- Loan Tenure: 30 days
- Phone Numbers: +254 709 213 000
- Email: [email protected]
- M-Pesa Paybill Number: 300067
Features and Benefits:
- Comprehensive Financial Solutions: Beyond loans, use Timiza to pay for utilities, purchase insurance, and even manage forex transactions.
- High Loan Limits: Access up to KES 150,000, subject to credit evaluation.
- Competitive Interest Rates: Enjoy low-interest rates combined with a modest facilitation fee.
- Digital Integration: Fully integrated with M-Pesa for seamless transactions.
Eligibility Criteria: To qualify for a loan from Timiza, you must meet the following requirements:
- Be a Safaricom subscriber with an M-Pesa account active for at least six months.
- Not be blacklisted by CRB.
- Be 18 years of age or older.
- Possess a valid Kenyan ID (passports not accepted).
How to Apply for a Loan:
- Via USSD: Dial *848# to access Timiza services without a smartphone.
- Via Mobile App: Download the Timiza app from Google Play Store or Apple Appstore. Register or sign up using the USSD code *848# or directly through the app.
How to Increase Your Loan Limit: If you find your loan limit insufficient, you can improve your chances of a higher limit by maintaining a good repayment history and increasing your M-Pesa transaction activity.
Common Reasons for Loan Decline:
- Your M-Pesa account is newer than six months.
- You are below 18 years old.
- You are listed on CRB for non-repayment of previous loans.
- Low activity level on your M-Pesa account.
Withdrawing Your Loan: Once approved, the loan amount is deposited into your Timiza account. To use the funds, transfer them to your M-Pesa account using the Timiza app or the USSD code *848#.
Conclusion: Timiza Loan App by Absa Bank Kenya is a legitimate and reliable source for fast financial assistance, offering competitive rates and high loan limits. Ideal for handling emergencies or bridging short-term financial gaps, Timiza ensures you have quick access to funds when you need them the most.
For further assistance or inquiries, you can contact Timiza customer service at the provided phone number or email.