Timiza loan app: how to apply, interest rate and repayment period

Advertisements

Timiza loan will give you loan without collateral or paper work in kenyan, it loan disbursement is very fast and you don’t need to visit any bank, with just your phone, you will obtain the loan.

What is Timiza loan app

Timiza loan app is a loan product of Absa bank. It is a finance app where you can obtain loan without guarantor or collateral. With this loan app you can obtain up to ks150,000

Requirement to obtain Timiza loan app

Below are the requirement you need to meet, before you can obtain loan from Timiza

You must be a Kenyan and reside in kenya

Have good credit score on CRB

You must have a M-pesa account

Advertisements

Have a smart phone to download the app

How to apply for Timiza loan

The first step is to head over to play store and download the app

Register with your name and other details

Once you are done with your registration you will be login automatically

On your dashboard locate and click on loan

There you will see amount of loan you are eligible for

Click the loan and wait for disbursement

Advertisements

If everything is right your Timiza app will be credited

You can then withdraw to M-pesa

How to apply for Timiza loan with USSD code

Another way to apply for Timiza loan is through used code, it is also fast and you don’t need any registration

Dial the code *848# on your phone

.It will prompt you to input your Timiza code, do so and proceed

See also  Monzo loan app: interest rate, is it legit, how to apply

It will take you to page with many options

Select loan and follow the prompt

How much you can loan from Timiza

With Timiza you can obtain up to Kes 150,000 without collateral or paper work. If you have a low credit score you will not be able to obtain up to this amount.

Timiza loan interest rate and repayment period

Timiza interest rate is between 5% to 25% depending on the amount of loan obtain. The repayment period is 3 days.

Repaying your Timiza loan

To pay back your loan you will have to login to your M-pesa app and transfer to Timiza app, then from the app you can now pay back.

Is Timiza app loan legit

Yes, they are legit they have positive review on play store and good rating. Also many people are using the app to obtain loan.

Conclusion

Though Timiza loan give out instant loan to people in Kenyan, I will advice you to take loan you can pay back to avoid had I know

Do you like this article?
Feel free to share it

 

Advertisements