Here is a complete guide on how to apply for a Timiza loan fast. The Timiza loan app by ABSA Kenya (formally Barclays Kenya) is the money lending app you need to apply for and borrow money quickly in Kenya. In addition to that, this money is deposited into your M-Pesa wallet quickly i.e. within 5 mins once you complete Timiza loan registration.
Are you looking to apply for an instant loan for your mobile phone in 2024? Timiza loan app is one of the most popular loan apps in Kenya giving users instant cash to their phones. Here we take you through how to apply for a Timiza loan fast, by quickly downloading the app, registering, qualifying, and then use Timiza login to access the account.
Follow this step-by-step guide to take you through how to easily download, install, and apply for a loan on Android and ios mobile phones, after completing timiza loan app registration online.
Table of Contents
Once you have downloaded, installed, and registered for a Timiza account, let’s proceed to apply for the loan now.
That is how to get timiza loan. You see, applying for a Timiza loan is a very easy process. All you require is to download and install the app, then follow those simple steps. Make sure you have access to your account through timiza loan login. Also before applying for your cash loan on this popular Kenyan mobile emergency cash app, you have completed the Timiza loan app download.
Follow the steps below to download Timiza on your phone.
Follow these steps to get the timiza app loan by downloading it on your Android smartphone.
And just like that, you now have the Timiza loan app by Barclays installed on your phone. Now you can proceed to apply for a loan. One of the major steps you need to follow when applying for money using the timiza loan application online is to make sure you have registered for an account.
The absa Timiza loan app is also available on iPhone IOS. Follow these steps to download it on your apple device.
Once you have the app ready and installed on your phone, we can now move on to the next step which is registering for an ABSA Timiza account. After you have registered successfully, then it’s time to apply for the Timiza loan next.
Something ABSA have done with Timiza app is that they have also made it available for the apple iPhone running IOS. This makes it one of the few loan apps in the Kenyan market that is available for both android and IOS operating systems.
Before you apply for an ABSA (formerly Barclays Kenya) Timiza loan, you will need to open an account. Here is a step by step on how to open a Timiza account:
You see, the process of registering for a Timiza account by ABSA (formerly Barclays Kenya) is very simple and straightforward. All you require is your Safaricom number and your identification document number. Timiza registration is one of the quickest and simplest among the popular Kenyan loan apps.
Follow these steps to apply for a Timiza loan by dialing *848#
This process of applying for a loan on Timiza. Most users opt to apply for the loan using the android app. However, with this method of dialing *848# you are able to apply for a loan on any phone, not just smartphones, using USSD, at any time.
Let’s say you need a quick loan, you can quickly apply for one easily on the Timiza banking app. For this to work, make sure you have downloaded the Timiza app from the Google playstore.
If you haven’t yet, check out our step by step tutorial on how to download Timiza. Please note that you can only operate a Timiza Barclays account from your mobile phone.
Repay ABSA Timiza loan for android and apple ios
But as we all know, there comes a time when you need to repay what you borrowed. It is important also to repay in good time to avoid being listed on CRB and also not to get fined by Timiza for late loan payments.
Follow these steps to pay back your Timiza loan
With this process of repayment, the money is either deducted from your Barclays Timiza account or from your mpesa account. For this process to go smoothly, always make sure that you have enough money in your account(s) to complete the payment.
If for some reason you overpay your Timiza loan, there is no need to worry. The extra amount you paid will be credited to your Timiza account. This means that the money will be reflected in your account and you can use it as you please.
Failing to make the full loan repayment of the amount borrowed from Timiza will attract a fine (roll-over fee) of 5% of the loan amount. Once this fine is applied, your repayment period for the loan will be extended by 30 days.
Follow these steps to deposit money into your Timiza app account using the paybill no:
Depositing money into your Timiza account is a very easy and quick process. Just make sure you have enough money in your mpesa account and proceed to send it to the Timiza application. Please note that mpesa charges do apply when you are making the deposit.
Not only can you apply for a loan with the Barclays Timiza app, you can also do the following things conveniently logged in:
This makes the Timiza banking app a very unique app in the Kenyan loans market. It has a lot of modern-day features that make it stand out as more than just a loan app.
As a Timiza app user, you will normally be asked for a Timiza transaction PIN when you use any of the Timiza services. The Timiza transaction PIN is the 4 digit number that you use to log in to your banking app. This transaction PIN is so as to make your transactions more secure on the app.
When you are repaying your Timiza loan, the app gives you two options to do this. That is the full payment option or the partial payment option. Having these options helps app users to decide what type of repayment they want to make.
If you pick the full payment option, this means you commit to repaying the full amount of money borrowed from Timiza with one payment. On the other hand, the partial payment allows you to make loan payments slowly, yaani kidogo kidogo.
So, how much interest do you pay on Timiza loans? Timiza loans attract an interest rate of 6.17% which includes a processing fee of 5% and interest of 1.17%. Compared to other lenders like tala and branch, that is a very attractive interest rate.
When it comes to the maximum and minimum amount which you can borrow from Timiza, the minimum is Kshs 50 while the maximum amount is up to Ksh 100,000.
For the Timiza loan repayment period, the loan is to be paid back within 30 days from the day you borrow and receive the money into your account.
Here are the requirements for a new user to register and open an account on the Timiza loan app.
Well, for the Timiza loan application process to go smoothly; you need to make sure you have met the above requirements.
Once you have applied for your loan on Timiza, the money is first sent to your Timiza account. From the Timiza account, select withdraw to send the cash to your mpesa wallet.
Timiza has different ways in which you can contact them to get support and help. That is through; Telephone numbers, social media, and by sending email. Here are the customer care details.
The quickest way would be to dial the following Timiza customer care telephone number:
One thing the Timiza team has done is to provide options when it comes to reaching Barclays Timiza customer care. You can see that they are very active on Twitter and Facebook. Here are social media channels you can contact them on:
Another option you can use to reach Timiza customer care is by using their email address barclays.kenya@barclays.com
The most likely reason for choosing Timiza is that you are in a tight financial spot and need cash in your pocket quickly an easily for an emergency loan in Kenya.
The good thing about the Timza loan facility is, you can apply for a loan using an application or by dialing a code on your phone and pressing call. This is through a USSD code on your phone. So there is no need to install the Timiza loan app directly on to your android phone.
Look:
What this does is give users a choice between using the Timiza mobile application online on android or IOS; or just quickly dialing Timiza on *848# using your Safaricom line and begin applying for a loan. Although it’s good to note, from testing out both loan application methods for Timiza, applying for the loan using the app is much easier.
Timiza offers loans directly to your mobile phone that range from 50 ksh to 100,000 ksh. So if you need to borrow 1000 ksh to push you through the week or 30000 ksh to pay rent, Timiza has got you.
Listen:
You have come to the right place. This step-by-step guide by saidia on how to download, install and apply for a Barclays Timza loan in Kenya. It will give you all the details you need. All you need to do is follow these simple instructions and you will borrow a loan fast.
Did you find this article helpful? Then don’t forget to leave a like on our facebook page, twitter account and without a doubt share with a friend you would like to saidia. Also, feel free to leave a comment below.
If you are here, you may be wondering what your Fuliza loan limit is and…
Need to apply for a KCB mpesa loan, then this article will guide you step…
Safaricom is known for creating products and services that resonate with Kenyans. Take for example…
KCB mpesa banking service is a savings and loan service partnership between KCB and Safaricoms…
When you need an instant mpesa loan in Kenya, then the fastest way to get…