Timiza loan app a product of ABSA Bank of Kenya, a member of ABSA Group Ltd (formerly Barclays Africa). You can download the app on Google Play Store or App Store if using an iPhone.
Just with your phone, you can get instant loans, send mobile money, purchase airtime, make mpesa payments, and pay your bills.
You actually don’t even need a bank account to access the Timiza loan.
Timiza Loan Registration
There are two ways to register for Timiza loans:
- Download the Timiza loan app on your smartphone and register your details
- Use the Timiza USSD code and follow the steps to register.
For successful Timiza loan registration, you require the following qualifications:
- Be at least 18 years old.
- You must have an M-PESA account that has been active for more than six months
- Have a good CRB rating history
- Possess a valid Kenyan Identity Card (Passports aren’t allowed)
- Must be an active Safaricom services user, whether data services, voice services, or mpesa services. Otherwise, your loan application may not be successful.
- Finally, you must register for Timiza on the Timiza loan app or USSD
Timiza USSD code
You can also access loans and other services by dialling the Timiza USSD code *848# especially if you are not using a smartphone or the Timiza app. This means it does not matter the type of phone you have; you can always access Timiza loans by ABSA.
To access a loan, follow the following steps using USSD *848# :
- Dial *848# on your Safaricom line
- Enter your Timiza PIN.
- Select option 4: Loan
- Select option 1: Request Loan.
- Choose option 1: Get Cash.
- Enter the amount of money you want to borrow.
- Confirm the amount you have applied for.
- Timiza will send a confirmation SMS.
Timiza Paybill Number
Once you successfully register on Timiza and become eligible for loans, you can always take a loan and transfer it from your Timiza account to your MPESA account. To repay loans, you should use the Timiza Paybill Number 300067 on Safaricom lines.
- How to repay Timiza loans? Follow the below steps:
- Select Paybill on the Lipa na M-PESA.
- Enter the Timiza Paybill number 300067 as the Business Number.
- Enter your phone number as the Account Number. This must be the MPESA number you used for registration.
- Enter the amount you want to repay.
- Enter your M-PESA PIN
Timiza loan charges
Timiza loan app charges an interest of 7.29 percent pm for any amount. All instant loans are payable within 30 days. After opening your account, it is supposed to be active lest the bank declares it dormant if not used for 12 consecutive months. Thereafter, the bank closes it.
Timiza account holders can get loans from KES 50 to KES 1,000,000. The ban determines the loan amount one qualifies for using various parameters, including CRB status.
You can also save with Timiza Goal Savings Account that earns the highest interest of 9% interest p.a. You have to pay monthly into your wallet/account
Timiza customer care number
There are three ways you can contact Timiza representative. You can always use any of the Timiza customer care number below for direct calling or use WhatsApp chats to talk to their customer reps:
- +254 (722) 130120 (Mobile)
- +254 (732) 130120 (Mobile)
- +254 710 130000 (Chat to Abby on WhatsApp)
Timiza Email address: absa.kenya@absa.africa
Timiza loan App Reviews
A quick look at Timiza loan app reviews shows some complaints of the app sometimes failing partially or wholly. For instance, some users could not transact anything including buying airtime or paying bills. Sometimes the app just freezes leaving the user in the blue when they need it most.
Another review shows a loan repayment wasn’t captured and a rollover fee for late repayments applied to a customer’s account.
From the Timiza loan app reviews, it appears the loan facility is welcome and proving popular among people but the app itself is failing its mission. Lots of work in progress required for the developers.
Have you used the Timiza loan app before? How is your experience on customer care, products and access? Share your reviews with us to help other customers and the app developers.