For business owners and individuals, January can often present financial challenges after the festive season.
Restocking your business, paying school fees, or managing daily expenses can strain your budget. But what if you could confidently navigate “Njaanuary ”and seize opportunities without financial worries?
Timiza is here to help you overcome your financial worries. With Timiza, you can conveniently access instant cash of up to Sh150,000 to settle your pending bills, including paying school fees, shopping, or restocking your business.
The platform is flexible, and depending on the amount borrowed, borrowers can repay their loan in 30 days, 3 months, 6 months, 9 months, or even 12 months.
Anyone can access the loans provided they have a mobile phone, either through the Timiza mobile app available on Google Play store or IOS app store or through the USSD *848#.
The more one transacts the more they grow and improve their Timiza credit limit. In addition, one gets discounts and loan limit growth on early repayment.
How to access Timiza loans on your phone:
Requirements:
To qualify for a Timiza loan, you must meet the following criteria:
- Be a registered Safaricom subscriber
- Be a registered Safaricom M-PESA customer
- Have an active Safaricom M-PESA account
- Have a Kenyan National Identification Document (ID)
- Have been an M-PESA subscriber for more than 6 months
- Actively use other Safaricom services like voice, data, and M-PESA
- Have a good rating at the Credit Reference Bureau (CRB) and by Safaricom on Okoa Jahazi
Six ways to cut risk of failure when starting any small Business
How to apply for a Timiza loan
To open a Timiza account, you need to first register on Timiza for a transactional account. For your first-time loan application, follow the following steps.
- Launch the app on your phone.
- Enter your PIN to log in.
- Your loan limit will be shown on the home screen
- Click My loans.
- Select Request loan.
- Enter the amount of money you want to borrow.
- Click continue.
- Timiza will confirm whether or not the loan application was successful
- Wait for a message confirming you have qualified for the loan.
Application for a Timiza loan using USSD service
- Dial *848# on your mobile phone. Make sure you have registered for a Timiza account.
- Enter your Timiza PIN.
- Select option 4: Loan
- Select option 1: request loan.
- Select option 1: Get Cash.
- Enter the amount of money you want to borrow
- Confirm the amount you have applied for
- Timiza will send a confirmation SMS.
Why Timiza loans are the best
- Low Cost Short-term Loan
Compared to mainstream digital loan options like M-Shwari, KCB M-Pesa, and M-Coop Cash, Timiza is slightly more affordable. It also beats other digital loan apps like Tala, Zenka, and Branch Microfinance, which are known for their exorbitant rates.
- High Loan Amounts
Among all the digital loans reviewed by the Bizna Team, Timiza stands out for offering high loan amounts of up to Sh. 150,000.
Such generous loans are usually available only to individuals with traditional bank accounts, but Timiza breaks this mold.
Furthermore, the average maximum loan limit most digital apps are willing to finance is around between Sh. 30,000 and Sh. 50,000.
- Tested, Approved and Trusted
As many are aware, the digital loans market has for long been plagued with accusations of predatory lending, unethical collection practices and high interest rates.
Borrowers will find comfort in knowing that the Timiza Digital Loan is a product of a licenced and regulated commercial bank. Customers wary of debt shaming practices and data misuse by a rogue selection of lenders can find peace with this app.
- Quick loan disbursement
The Timiza App offers nearly instant disbursement of the loan amount provided one meets the eligibility requirements.
