What is the TIMIZA loan service?
TIMIZA loan service is a loan service that is offered to loyal Airtel customers who regularly use the Airtel Money services.The loans are short-term, unsecured cash loans paid directly into your Airtel Money Account. The loan application process is simple and easy to access. No previous savings or security is required at all.
What is a TIMIZA JUMO loan?
A TIMIZA JUMO loan is a loan that is from the financial service provider, JUMO. JUMO offers competitive rates, pricing and loan amounts relative to the customer’s individual financial profile.
Can anyone apply?
Currently Airtel is offering loans to its loyal customers through the TIMIZA loan service. Keep on requesting a loan to see if you are eligible.
Do I need to be registered for Airtel Money to apply for a loan?
Yes, you will need an Airtel Money Account to access the TIMIZA loan service and to receive and settle your loan.
What can I use the loan for?
That’s up to you. It is cash for emergencies, to buy stock for your business, or for any reason at all.
Do I need a bank account to be eligible for the loan?
No, not at all
What is the duration of the loan?
Loan terms vary from 7, 14, 21 or 28 days with a single repayment required at the end of the term that you choose.
How many loans can I get?
You can only have one active loan at a time, but once your loan has been paid, you can automatically qualify for another loan possibly even a higher amount too, depending on how you manage your account.
Loan Specific Questions
How do I repay the loan?
You simply deposit money into your Airtel Money Account before the due date. On the due date, the full amount will automatically be deducted from your Airtel Money Account.
What if I want to repay early?
You can settle your loan at any time, even before the due date. Simply select the option “Repay Loan” on the TIMIZA USSD menu. Your outstanding balance will be displayed and you can settle your loan in full or make a partial payment.
How do I check my loan balance?
You will receive SMS communications advising what your loan balance is. Should you try and apply for another loan or try and repay a loan, your outstanding loan balance will also be displayed.
How much does a loan cost with the TIMIZA loan service?
TIMIZA will look for the best pricing and loan amounts based on your Airtel Money Account transactions and how you manage your TIMIZA loans.Fees depend on your loan term and loan history. They are visible on loan application. Good repayment behavior and frequent use of Airtel Money could result in better fees.
Do I need to enter my Airtel Money PIN to get a loan?
Yes, this is to ensure that you have authorized the loan. Your PIN will be secure and is not visible to anyone.
Can the term be increased?
Yes, the loan term can increase. The extension of the loan term is largely based on each individual’s personal profile. Consistently repaying your loans on time could result in your loan term being extended.