Timiza Loan App Download: Everything You Need to Know in 2024

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In 2018, Absa Bank Kenya(then Barclays Bank Kenya) took a remarkable leap ahead of its competitors with the launch of the Timiza App. This revolutionary Loan App offers a seamless borrowing experience, and this article aims to guide you through the Timiza App Download and loan application process.

More than just a loan provider, the Timiza Mobile Loan App also fosters a strong saving habit, empowering you to develop a sound financial future.

In this article, we will show you how to download the Timiza Loan App and provide a step-by-step demonstration of how to expedite the loan approval process.

Let’s begin.

What is Timiza?

Timiza Loan App is a mobile App from Absa Bank that allows anyone with access to Mpesa gets banking services directly on their phones.

With this Mobile App, you will be able to access the following services:

  • Transfer from M-Pesa to Timiza
  • Transfer from Timiza to M-Pesa
  • Make a loan request
  • Repay loan
  • Balance inquiry
  • Get a mini statement
  • Bill Payments
  • Insurance
  • Airtime Purchase
  • Book a Cab – Little Cab
  • Invite Contacts
  • Fx Rates

Also important to note is that the Timiza Loan App services can be accessed through the USSD code *848#. This is a helpful feature for those who are not smartphone users.

We will focus on the loan services the App provides.

Check Tala Mobile Loan App available in Kenya.

How do I qualify for a Timiza loan?

Most users will use The Absa Timiza App to access credit from their phones. The following information will show you how to qualify for a Timiza Loan App by Absa loan.

Timiza Loan Requirements

You can borrow up to 100,000 and must be an M-PESA user or subscriber for at least six months.

The loan attracts a 6.17% interest rate and a 5% processing fee. Borrowers are required to repay the loan within 30 days.

The amount of loan you will qualify for will depend on how you use your M-Pesa. The App will examine your Mpesa Transaction History to determine your credit score.

In summary, you should at least meet the following criteria:

  • Be a registered Safaricom Subscriber.
  • Be a registered Safaricom M-PESA customer.
  • Have an active Safaricom M-PESA account/line.
  • Hold a Kenyan National Identification Document (ID). Kindly note that Kenyan passports are not allowed.

You can also check Branch Loans, where you can access mobile loans on your phone in 2023.

Timiza app download

The following is a step-by-step guide to how you can get download the App:

  1. Download and Install the Timiza App: If you own a smartphone, head to the Google Play Store. Search for the Timiza App, download it, and install it on your device. Once the installation is complete, open the App to begin registration.
  2. Register for Timiza: During the registration, you must provide your National ID and an active Safaricom mobile number. This is necessary to receive a PIN via SMS for account verification.
  3. Check your Loan Status: After successfully activating your account, you’ll be assigned a loan limit, enabling you to borrow funds. You can easily monitor your loan application status and access your approved loan amount.

Not a Smartphone User?

No worries! If you don’t have a smartphone, you can still access Timiza services by dialing *848# on your phone. Simply follow the prompts provided to register and enjoy the benefits of the Timiza platform.

How to Grow Your Timiza App loan limit

There comes a time you might need to get a loan of a higher amount than what they currently offer you. Here is how to make sure you increase your loan limit.

  • You can move excess money from your M-Pesa to Your TIMIZA Account; this will show the bank that your account is active and might give you a raise.
  • The first time I got the App, they asked me to deposit into TIMIZA; I later realized that this helped grow my loan limit.
  • As I said earlier, the amount you qualify for initially will depend on your M-Pesa history, so increasing your usage of M-PESA services makes sense.

I hope the article helped you download the Timiza App and get a loan from Absa Bank easily. Make sure you read other articles on Mobile loans in Kenya.

Simon Mwangi
Simon Mwangi
Simon Mwangi is a finance expert and talented freelance writer with a background in banking and accounting. He simplifies complex financial concepts and produces top-quality content on various topics. Follow him on Linkedin to stay up-to-date on his work and connect with him.

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