In today’s fast-paced world, time is of the essence. It’s no wonder that more and more people are turning to mobile banking apps to save time and money.
Timiza, a mobile banking app from Absa Bank Kenya, is one such app that enables you to do your banking at the touch of a button.
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Getting Started with Timiza
Getting started with Timiza is simple and straightforward. The first step is to open an account, which you can do instantly using your Safaricom line.
Once you’ve registered, you can start using the app to transfer funds, pay bills, buy airtime, purchase insurance, and even save and earn rewards with the Zidisha savings account.
Timiza Loans
One of the most attractive features of Timiza is the instant loans it offers to qualified customers. To be eligible for a loan, you need to be an M-PESA subscriber for more than six months and actively use other Safaricom services such as voice, data, and M-PESA.
You will also need to have a good rating at the Credit Reference Bureau [CRB] and by Safaricom on Okoa Jahazi.
If you meet these requirements, your loan limit will be displayed when you log in to your Timiza account, and you can borrow immediately.
The interest charge is 1.083%, charged once, and there’s a facilitation fee of 5% of the amount borrowed for a term of 30 days. The loan is disbursed to your Timiza account (not directly to M-PESA), and you can access the funds by withdrawing from Timiza to M-PESA.
To grow your loan limit, you can increase activity on your Timiza account by transacting on other services offered on the app. For example, you can deposit cash, purchase airtime, pay your utility bills, or subscribe to insurance.
You can also open and increase savings on your Zidisha savings account on Timiza or increase usage of M-PESA services.
Timiza Tariff and Guides
To learn more about the fees and charges for Timiza, refer to the Timiza Tariff and frequently asked questions on the link provided on the Absa Bank Kenya website.
Requirements for a Timiza Account
To be eligible for a Timiza account, you must be a registered Safaricom subscriber and a registered Safaricom M-PESA customer.
You must also have an active Safaricom M-PESA account/line and hold a Kenyan National Identification Document (ID). Note that Kenyan passports are not allowed.
Why Use Timiza?
There are several reasons why you should consider using Timiza for your mobile banking needs. First, it’s convenient and accessible. You can bank from anywhere, at any time, using your smartphone. Second, it’s easy to use.
The app is user-friendly, and the instructions are clear and concise. Third, it’s secure. Timiza uses state-of-the-art security features to protect your personal and financial information.
Conclusion
In conclusion, Timiza is a reliable and efficient mobile banking app that enables you to do your banking at the touch of a button. Whether you want to transfer funds, pay bills, purchase insurance, or get an instant loan, Timiza has got you covered.
So, why not download the app today and start banking from your phone? Remember, Absa Bank Kenya Plc is regulated by the Central Bank of Kenya.