Personal Loans

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
7.08
%
-
7.08
%
per loan
Typically approved within
1
days
visit website

Loan Fees:‍

  • Interest Minimum: 1.083%
  • Interest Maximum: 1.083%
  • Processing fee: 5%
  • Excise Duty: 20% of Processing fee
  • Insurance Fee: None
  • Withdrawal Fee: Ksh 32 From Timiza Wallet to M-Pesa
  • 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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How to Apply for Timiza Loan, App, Repayment, Fees, Contacts

‍The Timiza Loan App is an instant loan app owned by Absa Bank Kenya PLC, and is available both on Apple Apple Store and Google Play Store with over 1 million downloads and a 3.8 out of 5 star rating on Google Play.

Services offered by Timiza accounts

Who Is Eligible For Timiza Loans?

Timiza Loan Limits and Interest Rates

How to Register Using the Timiza App

How to Apply for Your First Timiza Loan

Application for a Timiza Loan Using USSD service

How To Make Timiza Loan App Repayments

Timiza Loan App Fees and Penalties

Timiza Loan App Privacy and Permissions

Timiza Loan App Reviews and Contacts

Learn more about Personal Loans available in Kenya on Money254

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