Timiza Personal Loan: Product Details & How to Apply

Rates available from as of 1st April 2021
Customise your results to find loans you're eligible for by answering 5 more questions
Customize Results
Money254 strives to provide relevant and accurate product information, which Money254 obtains directly from each institution’s tariff guide. If you believe a product’s details are incorrect, please report the product to Money254.


Easy Apply
Ksh1K- 150K
1 month
Interest Rate
1.29% per loan
Total Cost Including Institution's Other Fees
7.29% per loan
Typically approved within 24 hours
visit website
Easy Apply

Loan Type

Unsecured Loans

Total Cost Breakdown (Loan Fees):

  • Interest Minimum: 1.29%
  • Interest Maximum: 1.29%
  • Processing fee: 5%
  • Excise Duty: 20% of Processing fee (1%)
  • Insurance Fee: None
  • Withdrawal Fee: Ksh 32 From Timiza Wallet to M-Pesa
  • Late Fees: 5% Roll-over
  • Other Fees: None

Disbursement Details:

  • Institution Type: Commercial Bank
  • Application Method: App/USSD
  • 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: M-pesa Account active for 6 Months
  • Documents: National ID
  • T&C Links

Representative Example of Loan Costs:

  • Example Loan Amount: ksh100,000
  • Representative Loan Cost: 7.29%
  • Total Loan Repayment Amount: ksh107,290

This product is provided by Absa Bank Kenya Plc. Absa Bank Kenya Plc is a Commercial Bank licensed under the Banking Act Cap 488 of the Laws of Kenya and regulated by the Central Bank of Kenya

How to Apply

Money254 Review


  • Low loan cost (7.29%)
  • Application Via App or USSD
  • Less than 24 hour approval time


  • Withdrawal fees from Timiza wallet to M-pesa

See more Personal Loans available in Kenya on Money254

From short-term app loans to long-term bank loans, we have aggregated all of the unsecured Personal Loans from Kenya's top financial institutions.

See All Personal Loans

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

Download the new Money254 App and don’t miss out on your next opportunity.

Join 1.5M Kenyans using Money254 to find better loans, savings accounts, and money tips today.
Get it on Google Play

Welcome to Money254!

Money 254 is a new platform focused on helping you make more out of the money you have. We've created a simple, fast and secure way to find and compare financial products that best match your needs. All of the information shown is from products available at established financial institutions that our team of experts has tirelessly collected. Instantly search loan products from established providers in Kenya and compare on the terms that matter most to you.

Explore All Products On Money254

Stay up to date with your money - download the new Money254 App Today

Get it on Google Play

Sign up for our newsletter and get weekly money tips to your inbox.

Get updates from the Money254 team on financial news and new Money254 features.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.