Are you in a rush to beat the loan repayment deadline for your ABSA Timiza loan , but you do not know how to proceed? There is no need to panic. ABSA has simplified the process of repaying the loans. You can quickly repay your outstanding loan via M-Pesa using the Timiza Paybill number. Image: instagram.com, @absakenya Source: UGC Timiza was launched by ABSA Kenya (formerly Barclays Bank of Kenya) on 16th March 2018. Using this app, you can get an instant loan, send money, pay your bills, or purchase airtime and get insurance when you do your banking on your phone with Timiza. In addition, you can save funds in your Timiza wallet and earn returns with the Zidisha savings account. ABSA Timiza loan
Timiza offers loans to all M-Pesa subscribers who meet the minimum requirements and have a good rating with the Credit Reference Bureau (CRB). The minimum loan amount you can get using this app Kshs 50, while the maximum amount is Kshs 1,000,000 . It is imperative to note that Timiza loans attract an interest charge of 1.083 percent with a facilitation fee of 5 percent charged on the cost of processing the loan.
You are required to repay the loan within a period of 30 days. If you fail to pay the loan within this period, your loan repayment period will be extended for an additional 30 days. An additional roll-over fee of 5 percent will be charged on the outstanding loan balance.
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Paybill is a service offered by Safaricom to allow users to pay a business directly for a good or service using M-Pesa. The Timiza Paybill number 300067 enables users to pay their loans and make deposits directly to their Timiza wallets. How to pay Timiza loan
Do you know how to pay Timiza loan with Paybill? If not, you can follow the below simple procedure to make payment : Open Safaricom SIM Tool Kit on your phone
Choose M-PESA
Select the Lipa na M-PESA option
Go to Pay Bill
Select Enter Business no. Enter the ABSA bank M-Pesa Paybill, which is 300067 and press OK
In the Account no. section, enter your mobile phone number and press OK Enter the loan amount and press OK Enter your M-PESA PIN and press OK You will receive […]
