How to Apply and Pay Timiza loan

How to Apply and Pay Timiza loan
How to Apply and Pay Timiza loan

How to Apply and Pay Timiza loan

About Timiza

This is a mobile loan service by Barclays Kenya. You do not require a bank account with Barclays to operate a Timiza account. Timiza accounts allow you to save, borrow money, repay the loan, and pay bills

You can apply for Timiza loan by following the below procedure:

1) Good credit rating / not listed with the CRB
2) Not blacklisted on Safaricom’s Okoa jahazi
3) You need to be a registered Safaricom subscriber with an active MPESA line
4) You need a national ID card number (passports not allowed)

If you have a feature phone dial *848# and follow the prompts to borrow a loan.On your Android phone and with data bundles or Wifi access to download

How to Apply and Pay Timiza loan

1) Go to Google play store and search for Timiza
2) Click on the install button
3) Once installed, click on Open
4) Allow the Timiza app to make /manage calls / read messages
5) Enter your Safaricom line, ID number to register
Once done, you will set a pin for logging the app.

Depending on your credit rating, your Timiza loan limit will be displayed on the screen. You can increase your loan limit by moving money in and out of Timiza account, increase savings on Timiza account and by increasing usage of MPESA services.

How to pay your Timiza loan

You can pay the Timiza loan via MPESA business number 300067, account number is the Safaricom phone number or you can simply dial *848# . Enter the pin, select the loan option, and select pay loan.

The M-Pesa business number steps to pay Barclays Timiza loan

  1. Go to Mpesa.
  2. Select Lipa na Mpesa.
  3. Select Paybill Option.
  4. Enter the Business number as 300067.
  5. Enter your Timiza Registered phone number as the account number.
  6. Enter your Payment Amount.
  7. Enter your Mpesa Pin.
  8. Confirm the details are correct then press OK.

 

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