Thursday, May 10, 2018

Timiza Loan App

    May 10, 2018   No comments

Timiza App by Barclays bank
#TimizaKE @Barclays_kenya
Timiza App by Barclays bank is designed to enable Kenyans to access Loans among other services like paying bills, airtime top up,buying insurance,forex and paying for Little Cab over Android smartphones and tablets.

Allow me to give my experience with Timiza Loan App from Barclays Bank. As always my interest is in the 'loans feature '.

I learnt about Timiza like two months ago ( in March during the launch).As usual ,I tested it, the same way I did with Tala, Branch, Haraka,Shika, Afrikash and more ,because I wanted to share here on Loans Kenya Blog.The results were not okay for me.

Timiza was telling me 'No Account To Link ' and my loan limit was 'ZERO'.I quickly grouped this as one of those apps that require a linked bank account and savings like what most bank apps need.I therefore decided to leave it idle because I didn't have an account with Barclays.

Two months later (in May), today I decide to try Timiza app again and I was surprised!With nil savings and without linked bank account ,my loan limit was ksh16200 !

I decided to test the app again by requesting a loan of ksh 10000 , my first Timiza loan.Though it took two hours but it was credited to my Timiza virtual account.

Timiza App by Barclays loan approved

I can now confidently recommend Timiza Loan App to fellow Kenyans.This app truly gives out loans and you need to an account with Barclays.The app will create a virtual account for you.

Getting Started with Timiza App.

All you need is to be 18 years and above,have an Mpesa account and an Android device (either a smartphone or tablet).

Now you're ready to go! 
If you don't get a loan limit right away, you can start saving with your virtual Timiza account or give it sometime like what I did.Just don't uninstall the app !

How to borrow from Timiza App 

  • Login to app
  • You'll get your loan limit displayed 
  • Select 'my loans'
  • Select 'Request loan '
  • Enter the amount you wish to borrow (never exceed the loan limit)
  • Select 'Continue '
Wait for a notification from Timiza.If approved ,your money will be in your Timiza account.You can move your money into your Mpesa account and withdraw it from Mpesa agents .

Check Timiza interest rate and fees below;

How to Repay Timiza Loan

  • Login to the app
  • Select 'My loans '
  • Select 'Repay loan'
  • You choose to repay in full or partial 
  • You can also choose to repay with Timiza or Mpesa 
  • Enter transaction pin ( your Timiza PIN )
  • And continue 
If you choose Mpesa and the pop up fails, kindly repay using Barclays Timiza paybill number 300067.
  • Go to Mpesa 
  • Select Paybill 
  • Enter business number 300067
  • For account number enter your phone number 
  • Amount (enter the loan amount you wish to repay)
  • Enter Mpesa PIN
  • Submit 
Wait for a notification from Timiza.
In case you repay more than the loan due, your excess money will be credited to your Timiza account. 
You can also visit any Barclays bank branch to repay the loan. 

How to Contact Timiza Help Center 

If you encounter any issues with the app, you can always use the ways below to seek for help;
  • Call; 020 3900000
  • Call;0732 130120
  • Call;0722 130120
  • Email; barclays.kenya@barclays.com


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Mwabaya Katana

About Mwabaya Katana

Mwabaya Katana is a Finance Online Researcher and Writer.He is the founder of 'Loans Kenya' Blog.

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