Barclays loans Timiza now available instantly via mobile phone in Kenya

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Barclays loans Timiza now available instantly via mobile phone in Kenya.

Barclays Bank of Kenya (BBK) on Friday launched a virtual banking product that will enable customers’ access Barclays loans Timiza and allow payment of utility bills using their mobile phones.

The virtual product called ‘Timiza’ will operate as a mobile virtual account giving both its customers and non-customers an opportunity to borrow 30-days loans at an interest rate of 6.17 per cent.

BBK Managing Director Jeremy Awori said “All studies show that more people want to do their banking on phone. We want to be as relevant as possible to the needs of customers and this is demonstrated in this digital product that offers flexibility to customers,”

Mr Awori additional said that branch transactions could reduce to as low as 10 per cent from the current 35 per cent of entire transactions as more customers seek faster, efficient and consistent digital products.

Barclays loans Timiza mainly targets young entrepreneurs and individuals who need quick access to capital in order to manage liquidity. It will be available through an android app as well as short service code *848#.

Barclays loans Timiza short service code *848#

Barclays loans Timiza short service code *848#

Customers will access instant Barclays Timiza loans of up to Sh150,000 depending on their individual credit score even as Awori hinted at increasing this as uptake rises. The entry of Barclays into this space heats up competition for Commercial Bank of Africa’s Mshwari product.

Partnering with Safaricom opens up Barclays loans Timiza to over 29 million registered users of Safaricom line to boost revenue for Barclays bank while offering digital solution to customers.

“About 50 to 60 per cent of people across age groups prefer to do their transactions on their phone or a combination as social pressures make it hard for people to visit branches,” said Awori.

Through Barclays loans Timiza, it will also be possible to deposit funds from Mpesa to your Barclays Timiza loans account, pay utility bills, send and receive money directly to other Timiza users and also purchase airtime. The app also comes embedded with a taxi hailing option in partnership with LittleCab.

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18 thoughts on “Barclays loans Timiza now available instantly via mobile phone in Kenya”

  1. PIUS K CHEROP says:

    I repaid my loan in time and now i cannot acess another one.What could be the problam?

    1. J.weru says:

      Have paid my loan even before time and now it’s indicated that I can’t access another loan of the same amount.why plz.?

  2. PIUS K CHEROP says:

    I repaid my loan in time and now i cannot acess another one.What could be the problam?Need an answer pls.

  3. Moses Maore says:

    am being denies access to timiza loans may I please know why

  4. Gerald says:

    Hi Baclays,

    I have registered with Timiza but the information I get on the app is not synchronised with the informetion on *848#. I.e on *848# i qualify for a loan but on the app I do not qualify.

  5. Wycliffe Ihili says:

    Hello,
    I just applied for my first loan.
    I am not able to transfer this money to my Mpesa; instead, I get this message>

    ”Account does not exist or service unavailable”

    Kindly Advise.

    1. Wycliffe says:

      Hi,

      Thanks, I got a solution.

      Kudos

  6. Peter says:

    This is the best app so far with the highest starting loan amount…this should be taken by all serious borrowers..

  7. Catherine says:

    Hello I’m Catherine kilwake when I requested for a loan I’m asked to give my pin of which I have forgotten please help me

  8. happy says:

    Its telling me i enter my pin of which you havent sent yet plz help

  9. Kirwa says:

    My pin got blocked even before l login in the app.how can l reset my pin .?

  10. brian.o says:

    i never got my pin when i was trying to access the service

  11. Charles Maina Muthee says:

    Hae Timiza,,, how don’t i qualify for another loan hence have never failed to pay, I even pay before the time,,,Ave been using this app n it has been so convenient but it’s now discouraging,,, Do something am an active customer,,,

  12. peter says:

    I need to know my loan limit of timiza

  13. Emma says:

    It works very well for me

  14. Clark says:

    It works very well for me

  15. Darren says:

    It works really well for me

  16. Denis Mugendi says:

    I Paid Back My Loan Last Monday And The Deadline Was On 27 Of This Month,i’ve Tried To Request For A Second Time All In Vain.What Could Be The Problem?

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