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Timiza loan

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Timiza was launched by the Barclays Bank of Kenya. This is a digital platform that offers various services such as loans, insurance and serves as a bank account.

TO SUCCESSFULLY PROCURE A LOAN FROM TIMIZA, YOU REQUIRE THE FOLLOWING:

  • To register for the services you will receive;
  • This is accomplished by: a) dialing *848# by using your Safaricom line
  • b) Downloading the app from Google Play Store.

2. Then proceed to create an account

  • For one to create an account: a) Safaricom number is needed which should have M-Pesa registered account
  • A PIN will be sent to your phone via SMS.
  • Use the PIN to activate the registered services
  • Afterwards, recreate a key which you will use to access your account

PLEASE NOTE; once you have excelled in the creation of an account, you can be able to procure a loan immediately

FEATURES OF TIMIZA LOANS

  • The amount of loan issued to an applicant heavily relies on your M-Pesa history transaction
  • The interest charged is 6.17%
  • The duration of paying back the loan is 30 days
  • The loan procured if of up-to Kshs. 150,000

HOW TO ACQUIRE THE TIMIZA APP:

THE REQUIREMENTS:

  • An individual who wants to acquire the Timiza App should have the following;
  • One should have: a) attained the minimum age of 18 year

                            b) An operating M-Pesa account

                            c) An Android device (tablet or smartphone)

THE PROCEDURE OF DOWNLOADING THE TIMIZA APP FROM THE PLAY STORE:

  • Start by, downloading Timiza App from Google Play Store
  • Then, fill in the required details about yourself
  • Finish by, activating your account

THE PROCEDURE OF ACQUIRING A LOAN FROM THE TIMIZA APP:

  • Log-in to the Timiza APP
  • The amount limit of the loan you can procure will be displayed
  • Choose ‘My loans’
  • Select ‘Request loan’
  • Then enter the amount of money you desire to be issued with (don’t exceed your loan limit)
  • Select ‘Continue’
  • Patiently wait for a notification from Timiza
  • If approved, the loan procured will be sent to your Timiza account.

PLEASE NOTE; you can opt to move your money into M-Pesa account and later withdraw the money from M-Pesa agents.

THE PROCESS OF REPAYING THE TIMIZA LOAN:

  • Log – in to the Timiza App
  • Choose ‘My loans’
  • Then select ‘Repay loans’
  • You can opt to either pay back in full or partial
  • You can also decide whether to use the Timiza App or M-Pesa account in repaying the loan
  • Proceed to enter your Timiza PIN
  • Then ‘continue’

PLEASE NOTE; in-case you select the M-Pesa and pop up fails, kindly use the Barclays Timiza pay bill number (300067) in repaying the loan

THE FOLLOWING IS THE PROCESS TO FOLLOW WHEN USING THE BARCLAYS TIMIZA PAY BILL NUMBER;

  • Go to ‘M-Pesa’
  • Then select ‘Pay bill number’
  • Enter the number 300067 as the ‘business number’
  • Use your phone number as the ‘account number’
  • Then enter Amount (this is the amount of money borrowed)
  • Enter ‘PIN’
  • Finally submit
  • Wait for a Timiza notification

PLEASE NOTE;

  • If you pay back more than you owe, the excess money shall be credited to the Timiza Account
  • An applicant may opt to repay the loan directly by visiting any of the Barclays Bank Branch

HOW ONE CAN CONTACT THE TIMIZA HELP CENTER:

  • Call; 020 3900000
  • Call;0732 130120
  • Call;0722 130120
  • The Email address is; barclays.kenya@barclays.com
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