Calculate the Access Fee, excise duty, and total repayment on a Timiza 30-day loan from Absa Bank Kenya.
Timiza is Absa Bank Kenya's mobile lending, wallet, and savings platform, accessed via the Timiza app or by dialling *848#. Like KCB M-PESA and M-Shwari, its standard 30-Day Loan charges a one-off Access Fee for a fixed term rather than a monthly interest rate, so the total cost is fixed the moment you borrow.
How Much Does a Timiza Loan Cost?
A Timiza 30-Day Loan charges an Access Fee of 8.75% of the loan amount requested, plus excise duty at 20% of that Access Fee — 1.75% of the loan — for a combined cost of 10.5% over the 30-day term. A KES 10,000 loan costs KES 1,050 in total fees, per Absa's official Timiza Tariff and Guides sheet.
What Are the Timiza Loan Limits?
Timiza loans commonly range from a minimum of KES 50 to a maximum of KES 150,000, though Absa's published tariff sheet does not list a fixed limit table. Your actual limit is set by Absa based on your Timiza savings balance, M-PESA activity, and repayment history — new borrowers start well below the maximum and grow their limit through repeat, on-time repayment.
How Long Do I Have to Repay?
The standard repayment period is 30 days from disbursement. There is no instalment schedule — you repay the principal plus the Access Fee and excise duty as a single lump sum at the end of the term, via M-PESA paybill or your Timiza wallet.
What Happens If I Repay Late?
A Timiza loan not repaid within its 30-day term attracts a Penalty Fee of 10% of the outstanding principal, can restrict your ability to borrow again, and may be reported to credit reference bureaus (CRBs), affecting your credit score with other lenders.
Does Timiza Offer a Sharia-Compliant Option?
Yes. Timiza La Riba is Absa's Sharia-compliant 30-day facility, structured as a Profit Rate rather than interest, but priced identically to the standard loan: an 8.75% Profit Rate, 20% excise duty on that rate, and a 10% penalty fee on the outstanding amount if unpaid past the term.
How is the Timiza loan Access Fee calculated?
A Timiza 30-Day Loan charges an Access Fee of 8.75% of the loan amount requested, plus excise duty of 20% on that Access Fee (1.75% of the loan) — a combined cost of 10.5% for the standard 30-day term, per Absa's official Timiza Tariff and Guides sheet.
What is the minimum and maximum Timiza loan amount?
Timiza loans commonly range from a minimum of KES 50 to a maximum of KES 150,000, with your actual limit set by Absa based on your Timiza savings, M-PESA activity, and repayment history.
Does Timiza charge interest or an Access Fee?
Timiza uses a one-off Access Fee rather than a monthly interest rate — the fee and 20% excise duty on it are charged once, upfront, for the fixed 30-day loan term.
What happens if I don't repay my Timiza loan within 30 days?
Absa charges a Penalty Fee of 10% of the outstanding principal amount on a Timiza loan that isn't repaid within its 30-day term, in addition to the usual credit and CRB reporting consequences of a defaulted loan.