Timiza

Timiza from Absa Bank Kenya is a mobile banking application that allows customers to easily manage their finances with just a few taps on their phone. This app offers a variety of services, including instant loans, fund transfers, bill payments, and insurance purchases. Additionally, Timiza users can also save and earn returns through the Zidisha savings account feature.

To get started with Timiza, users can open an account instantly and take advantage of the various features offered. These include the ability to save and earn rewards, get instant loans, deposit funds, purchase insurance, buy airtime, and pay for bills such as KPLC, ZUKU, DSTV, and GOTV. Timiza also allows for easy bill payments through Till and pay bill accounts.

In order to be eligible for a Timiza account, customers must be registered Safaricom subscribers and have an active M-PESA account. They must also hold a Kenyan National Identification Document, as passports are not allowed. For more information on fees and frequently asked questions, customers can refer to the Timiza Tariff and Guides on the Absa Bank Kenya website.

To qualify for a Timiza loan, users must be M-PESA subscribers for at least 6 months and actively use other Safaricom services such as voice, data, and M-PESA. They must also have a good credit rating at the Credit Reference Bureau and with Safaricom on Okoa Jahazi. Once qualified, customers can easily view their loan limit and borrow funds through the Timiza app.

The Timiza loan attracts an interest charge of 1.083% and a facilitation fee of 5% for a term of 30 days. The loan is disbursed to the customer's Timiza account and can be accessed by withdrawing funds to M-PESA. To increase their loan limit, customers can increase their activity on the Timiza account, open and increase savings on the Zidisha savings account, and use more M-PESA services.

Absa Bank Kenya Plc is regulated by the Central Bank of Kenya, ensuring the safety and security of customer's financial transactions. With Timiza, banking has never been easier or more convenient, allowing customers to manage their finances at the touch of a button.