Timiza 1.0.43

Absa Group Limited. – Freeware – Android
out of 6600 votes

Timiza is a banking solution offered by Absa Bank Kenya that allows you to conveniently manage your finances using your smartphone. With Timiza, you can perform a wide range of banking activities including instant loans, funds transfers, bill payments, and insurance purchases. Additionally, Timiza offers a savings account called Zidisha that provides opportunities for saving and earning returns.

To get started with Timiza, you can:

Open an account instantly
Save and earn rewards with Timiza Savings
Get instant loans on your phone
Deposit funds into Timiza
Purchase insurance
Buy airtime
Pay KPLC/ZUKU/DSTV/GOTV bills
Pay bills via Till and pay bill accounts on Timiza
Withdraw funds via all Absa ATMs

In order to open a Timiza account, you need to meet the following requirements:

Be a registered Safaricom Subscriber
Be a registered Safaricom M-PESA customer
Have an active Safaricom M-PESA account/line
Hold a Kenyan National Identification Document (ID). Please note that Kenyan passports are not accepted.

To learn more about the fees and frequently asked questions regarding Timiza, please refer to the Timiza Tariff and Guides.

If you are interested in obtaining a Timiza loan, you must fulfill the following criteria:

Be an M-PESA subscriber for more than 6 months
Actively use other Safaricom services such as voice, data, and M-PESA
Have a good rating at the Credit Reference Bureau (CRB) and with Safaricom on Okoa Jahazi

Features of the Timiza loan include:

Your loan limit will be displayed when you log in to your Timiza account
The loan attracts an interest charge of 1.083% and a facilitation fee of 5% for a term of 30 days
The loan amount will be disbursed to your Timiza account and can be accessed by withdrawing to M-PESA
To increase your loan limit, you can:

Engage in more activities on your Timiza Account, such as depositing cash, purchasing airtime, paying utility bills, and subscribing to insurance
Open and increase savings on your Zidisha savings account on Timiza
Utilize more M-PESA services

Absa Bank Kenya Plc is regulated by the Central Bank of Kenya.

Overview

Timiza is a Freeware software in the category Business developed by Absa Group Limited..

The latest version of Timiza is 1.0.43, released on 03/01/2024. It was initially added to our database on 10/18/2023.

Timiza runs on the following operating systems: Android.

Users of Timiza gave it a rating of 4 out of 5 stars.

Pros

Easy and convenient way to access financial services such as loans and savings accounts from a mobile device.
Offers flexible loan options with low-interest rates compared to other lenders.
Quick loan approval process with minimal paperwork required.
Ability to track spending and manage finances through the app.
User-friendly interface for easy navigation and accessibility.

Cons

Availability limited to certain regions, restricting access for users outside those areas.
May have limitations on the maximum loan amounts that can be borrowed.
Interest rates may still be relatively high for some users despite being lower than other lenders.
Potential for technical issues or bugs in the app that could impact user experience.

FAQ

What is Timiza?

Timiza is a digital platform by Absa Group Limited that offers financial services including loans, insurance, and payments.

How do I access Timiza?

You can access Timiza through its mobile app or by visiting the Timiza website.

What types of loans are available through Timiza?

Timiza offers personal loans, as well as mobile loans that are accessible instantly.

What are the qualifications to apply for a loan on Timiza?

To apply for a loan through Timiza, you need to be a registered user, have an active Absa account, and meet their credit assessment criteria.

How quickly can I receive funds after applying for a loan?

Once your loan application is approved, funds can be disbursed within minutes.

Is there a cost associated with using Timiza?

Yes, there may be fees and charges associated with loans and insurance services accessed through Timiza.

Can I use Timiza for bill payments?

Yes, Timiza allows users to pay bills directly through the platform.

Are there any limits on the amount I can borrow through Timiza?

Yes, borrowing limits may vary based on your creditworthiness and payment history.

Is my personal information safe with Timiza?

Yes, Absa Group Limited implements security measures to protect your personal information on the Timiza platform.

How can I contact customer support for Timiza?

You can contact Timiza customer support through the app, website, or by calling the Absa customer service hotline.

Screenshots (Click to view larger)

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