Below is a detailed procedure on how to apply for Timiza loan. In 2021, ABSA Bank of Kenya officially launched their mobile loan application called Timiza. The app allows one to save and borrow money, repay loans, pay bills, purchase insurance, hail a cab and also check forex rates. Today, we are going to share with you a simple guide on how to get Timiza loan.
But before we do that, you need to know to that with Timiza loan app, one can borrow up to Ksh. 150k and their repayment is 30 days (1 month).
Timiza Loan is also open to people who don’t bank with Barclays. They have more than 500k downloads on Google Play Store and their interest rate is 4%.
Before applying for Timiza Loan, please ensure that:
- CRB has not blacklisted you.
- You have not been blacklisted by Safaricom.
- You have a Safaricom line and Mpesa is functioning.
- You have a National ID.
How to Apply For Timiza Loan
- Download Timiza Loan app on Google Play Store.
- Fill in the required details.
- Allow the app to access manage calls and also access messages.
- Enter your Safaricom mobile number and National ID in order to register.
- Set a PIN number which you will be using to login to Timiza loan app every time you want to access it.
- A message will show on the app with the amount of money you are eligible to borrow.
NB: For those without smartphones, dial *848# to register for Timiza.
Get even more with the Timiza Savings Account
Enjoy a high return and great rewards by saving with Timiza Savings Account.
- Earn up to 5% return per year on a balance from KES100.
- The more you save, the higher your chances of growing your loan limit.
- Interest earned on balances from KES100.
- If you make no more than 3 withdrawals per quarter, you can earn a bonus of up to 4%
- Do free transfers to and from your Timiza account.
- No minimum balance required
How to Pay Timiza Loan
- Go to Mpesa menu on your mobile phone.
- Select Lipa na Mpesa option.
- Choose Pay Bill and on the business number section, enter Timiza paybill number 300067.
- Enter your phone number on the account section.
- Enter the amount of money you want to borrow.
- Key in your Mpesa PIN number and confirm if all the details you’ve entered are correct.
- Click OK and wait for a confirmation message from Timiza and Mpesa.
Benefits of Timiza
Anywhere, anytime you can:
- Higher loan limits
- Lowest facility fees at 5% compared to the market
- Differentiated and lower pricing for good repeat borrowing customers
- Incentives for early repayment, good transacting behaviour and loyalty
- Save with Zidisha savings account
- Get instant loans on your phone
- Deposit funds into Timiza
- Pay KPLC/ZUKU/DSTV/GOTV bills
- Purchase insurance
- Buy airtime
- Get insurance (personal accident and last expense)
- Request for a cab (Mobile app only)
How to get it
Dial *848# or download the Timiza App from the Google PlayStore or IOS App store.
To open a Timiza account, you need to first register on Timiza for a transactional account.
Download TIMIZA APP here:
Absa Bank Kenya Branch Codes
Absa Bank kenya-branch-codesFAQs and terms & conditions
Want to know more? Have a look at our FAQs or our terms and conditions
Timiza Loan Contacts
Tel: +254 20 3900000
Cel: +254 722 130 120 or +254 732 130 120
TELEPHONE:
+254(732)130120
+254(722)130120
(020) 3900000
TIMIZA COMPLAINTS:
Timiza Call Centre Lead No: 0709213000
(020) 4265000
TELEPHONE:
+(254) (20) 4254000
ADDRESS:
Absa Bank Kenya PLC Headquarters
Off Waiyaki Way Westlands
PO Box 30120
00100
Nairobi
Kenya
TELEPHONE:
+(254) (20) 4254000
ADDRESS:
Absa Bank Kenya PLC Headquarters
Off Waiyaki Way Westlands
PO Box 30120
00100
Nairobi
Kenya
