Finance & Investment

Timiza USSD: How to Borrow Loans and Save Money Instantly in Kenya

woman checking her phone

I remember the first time I found myself in a cash emergency. My wallet was nearly empty, and I was miles away from the nearest bank. A friend mentioned Timiza USSD, and within minutes, I had the cash I needed—no app, no internet, just my mobile phone. Since then, Timiza has become my go-to for quick financial solutions, and I’m not alone. Thousands of Kenyans rely on Timiza for instant loans, savings, and payments every day.

If you’ve been curious about how Timiza USSD works or want to explore its features and benefits, this guide breaks down everything you need to know.


What is Timiza USSD?

Timiza is a mobile banking service offered by Absa Bank Kenya that provides instant loans, bill payments, airtime purchases, and savings options via USSD code *848#. The service is accessible without an internet connection, making it ideal for all mobile phone users, including those in remote areas.

Timiza empowers both Absa and non-Absa customers, making financial services inclusive and convenient.


How Does USSD Work?

USSD (Unstructured Supplementary Service Data) is a technology that allows users to interact with mobile banking services through shortcodes like *848#. It operates through basic cellular signals, enabling users to perform transactions without internet connectivity.

Think of it like sending a text message but with the ability to interact with a service directly. When you dial *848#, a menu pops up, guiding you through financial transactions step by step.


Key Features of Timiza USSD

Timiza is more than just a loan service. Here’s a closer look at its core features:

1. Instant Loans

Timiza offers instant loans ranging from Ksh 50 to Ksh 150,000. The loan is disbursed directly to your mobile wallet, providing quick access to cash when you need it most.

Eligibility Criteria:

  • Must be a Safaricom user
  • At least 18 years old
  • Positive credit history
  • Valid ID verification

Loan Repayment Terms:

  • Loan amounts: Ksh 50 – Ksh 150,000
  • Repayment period: 30 days
  • Interest rates vary based on the loan amount (starting from 5% to 10%).

2. Goal-Based Savings Account

Timiza allows users to save money towards specific goals, such as school fees, vacations, or emergencies. The Goal Savings Account offers competitive interest rates, often higher than traditional savings accounts.

Benefits:

  • Track your progress with goal-setting tools
  • Earn interest on your savings
  • No minimum balance required

3. Airtime Purchase and Bill Payments

With Timiza, you can top up your Safaricom line and pay utility bills such as electricity, water, and TV subscriptions directly from your mobile phone.


How to Register and Use Timiza USSD

Getting started with Timiza is easy. Follow these steps:

Step 1: Register for Timiza

  • Dial *848# on your Safaricom line
  • Follow the prompts to register
  • Complete ID verification

No need to be an Absa account holder!


Step 2: Applying for a Loan

  • Dial *848#
  • Select the Loan option
  • Enter the loan amount
  • Confirm and receive the loan in your mobile wallet instantly

Step 3: Saving Money

  • Dial *848#
  • Select Savings
  • Set your savings goal and start saving

Why Choose Timiza?

Timiza has become a preferred choice for many Kenyans due to its unique benefits:

Accessibility: No internet required, works with any mobile phone
Inclusive: Available to both Absa and non-Absa customers
Low Facility Fees: Lower service charges compared to conventional loans
Instant Access: Loans disbursed within minutes
Secure: Enhanced security with encryption and PIN protection


Real-Life Success Stories

Susan, a Shop Owner:
“Timiza helped me restock my shop during a tough month. It was quick and reliable—just a few clicks on my phone!”

Moses, a Boda Boda Rider:
“My motorbike broke down, and I needed cash for repairs. Timiza came through for me when I needed it most.”

These stories highlight how Timiza provides a financial lifeline for everyday Kenyans.


Security and Privacy

Timiza prioritizes your security through advanced encryption and two-factor authentication (2FA).

Security Tips:

  • Avoid using public Wi-Fi for financial transactions
  • Regularly update your PIN
  • Never share your PIN with others

Frequently Asked Questions (FAQs)

Q: Can I use Timiza without being an Absa customer?
A: Yes! Timiza is open to all Safaricom users, whether you bank with Absa or not.

Q: How do I qualify for a Timiza loan?
A: Ensure you have a Safaricom line, a valid ID, and a good credit score.

Q: How much can I borrow on Timiza?
A: Loan amounts range from Ksh 50 to Ksh 150,000 based on eligibility.


Timiza Loan Eligibility Table

Loan Amount (Ksh)Repayment PeriodInterest RateEligibility Criteria
50 – 50030 days5%Safaricom user
501 – 5,00030 days7%Good credit score
5,001 – 50,00030 days8%Good credit, verified ID
50,001 – 150,00030 days10%Good credit, verified ID

Timiza isn’t just a mobile banking service—it’s a game-changer for financial inclusion in Kenya. Whether you need a loan, want to save for future goals, or pay bills, *Timiza USSD (848#) simplifies it all. Its accessibility, affordability, and reliability make it a go-to choice for many Kenyans.

Have you used Timiza? Share your experience in the comments below!