Timiza Paybill Number-How to Pay Timiza Loan

October 9, 2021 Majira Media

When borrowing a loan, Timiza issues you with a specific period of time of loan repayment, 30 days, within this period, make sure that you have repaid the exact amount needed by Timiza that is the principal amount plus the interest. Remember that paying back you loan on time improves your loan limit and positively impact your credit score making it easier to borrow money any time.

In case you delay paying Timiza loan, the period will be extended for another period of 30 days and a penalty of 5% roll-over fee will be added on your outstanding loan balance. If you make Timiza Loan over payment, the excess money will be credited to your account as your savings and can be transfered to your Mpesa account.

In this article we shall see three different methods Timiza clients can use to repay their loans. One is through the Timiza Mpesa Paybill number 300067 and the second method is by use of Timiza short USSD code *848#. lastly you can repay your Timiza Loan by logging in straight to the Timiza mobile App. To repay Timiza loan is simply done by following step by step process shown below

Procedure to Repay Timiza Loan via Mpesa

Go to Mpesa menu on your phone
Press Lipa Na Mpesa option
Select Paybill
Enter business number as 300067
Dial your mobile phone number as the account number
Dial the amount to be repaid
Enter your Mpesa PIN and press OK
Confirmation messages both from Timiza and Mpesa will be sent to you concerning your loan repayment

Procedure to Repay Timiza Loan via Timiza App

Using Timiza app is efficient way of paying loan. Follow the steps below

Download and install Timiza app from the google play store and complete registration process
Open Timiza app and log in with your PIN
Press on my loans
Select pay loan
Enter the amount to be repaid and press OK
You will receive a confirmation message from Timiza confirming your loan repayment

Procedure to Repay Timiza Loan via USSD *848#

Open the dial pad and press *848#
Log in with your Timiza PIN
Press on loan and select pay loan
Enter the amount to be paid and press OK
You will receive confirmation message from Timiza concerning your payment

Read>>>>How to Apply for Timiza Mobile Loan

In case you are experiencing any challenge, you can contact Timiza by visiting the nearest Absa bank. You can also contact Timiza using the following contacts.