Timiza Personal Unsecured Loan Details

Rates available from as of 1st April 2021
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Timiza

Timiza
Amount
KES
50
-
1000000
Duration
1
months
-
1
months
Total Cost
6.63
%
-
6.63
%
per loan
Typically approved within
1
days
visit website

Loan Fees:‍

  • Interest Minimum: 1.625%
  • Interest Maximum: 1.625%
  • Processing fee: 5%
  • Insurance Fee: None
  • Withdrawal Fee: Ksh 32
  • Late Fees: 5% Flat
  • Other Fees: None

‍Disbursement Details:

  • Institution Type: Commercial Bank
  • Application Method: Digital
  • Disbursement Method: Timiza Wallet

‍Repayment Details:

  • ‍‍Repayment Frequency: Bullet
  • Early Repayment: Allowed
  • Payment Method: M-pesa

‍Eligibility Requirements:

  • Smartphone: Not Required
  • CRB: Must be in Good standing
  • Income: No minimum
  • Employment: Not required
  • Network: M-pesa Customer
  • History: Not Required
  • Documents: National ID‍
  • T&C Links

‍

Money254 Review

Pros:

  • Application Via App or USSD
  • Less than 24 hour approval time
  • Loan limit grows over time

Cons:

  • Withdrawal fees from Timiza wallet to M-pesa
  • Low starting loan limit

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