Timiza is one of Kenya’s most reliable digital lending platforms and was launched by the Barclays Bank of Kenya. However, you can successfully borrow from Timiza even if you are not a Barclays bank customer. Read on to know how to get Timiza loan sent to your M-Pesa account.
Steps on How to Apply for Timiza Loan
To start the loan application process in this platform you will first need to register and create an account. You can do this by either:
- Dialing *848# on your Safaricom line( Timiza requires a Safaricom line) and follow the prompts
- Downloading the Timiza app from the Google Play Store
Using the Timiza Loan App
As a first time user, the app requires that you create an account by providing some details. After satisfactory doing that you will get your PIN sent to you via SMS that you use to log in. The loan limit that you qualify for will be displayed once you successfully log-in into the app.
The Timiza loan application process using the app is a follows:
- Go to “ My Loans”
- Choose “Request Loan”
- Enter the loan amount you want (Should be within your loan limit)
- Click on “ Continue”
It is important to note that the loan limit is given mostly depends on a user’s M-Pesa transaction history. Nevertheless, Timiza offers loans of up to Ksh 150,000 and the Timiza loan interest rates are at 6.15% (5-percent processing fee and 1.5-percent interest). The amount of loan is payable after 30 days (1 month).
Follow the above guide on how to get Timiza loan when in need of quick, emergency cash. Also, ensure you improve on your M-Pesa transactions and pay back your loans in time if you want your loan limit to grow.
