Timiza Instant Loan
Pros
- +Instant approval (1 minute)
- +No paperwork required
- +Loans from KES 500 to KES 150,000
- +Flexible repayment 1-6 months
Compare Timiza Instant Loan and Tala Instant Loan side-by-side. Interest rates, fees, loan amounts, eligibility requirements, and customer reviews. Find the best fast loans for you.
| Feature | Timiza Instant Loan ABSA Bank Kenya | Tala Instant Loan Tala Kenya |
|---|---|---|
| Interest Rate | 10% - 18% p.a. Best Rate | 11% - 15% p.a. |
| Loan Amount Range | KES 500 - KES 150,000 | KES 1,000 - KES 50,000 |
| Repayment Period | 1 - 6 months | 21 - 30 months |
| Fees | Processing: 0% | N/A Lowest Fees |
| Key Features |
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Timiza Instant Loan offers a more competitive interest rate starting at 10% per annum. However, the best choice depends on your specific needs, loan amount, and repayment period. Timiza Instant Loan from ABSA Bank Kenya may be better for Instant approval (1 minute), while Tala Instant Loan from Tala Kenya excels at First loan approved within 10 minutes.
Timiza Instant Loan from ABSA Bank Kenya offers rates from 10% p.a. with loan amounts up to KES 150,000. Tala Instant Loan from Tala Kenya offers rates from 11% p.a. with loan amounts up to KES 50,000. Compare features, fees, and eligibility requirements above.
Approval times vary: Timiza Instant Loan typically takes 24-48 hours, while Tala Instant Loan processes applications in 24-48 hours. Digital products like M-Pesa loans can be approved instantly, while bank loans may take 1-3 business days.
Collateral requirements depend on the loan amount and product type. For amounts under KES 500,000, many fast loans are unsecured. Larger loans may require collateral such as a logbook, property, or salary assignment. Check specific requirements for each product.
While you can technically apply to multiple lenders, having multiple active loans affects your debt-to-income ratio and CRB profile. It's generally better to choose one product that best fits your needs. Use PesaMarket's comparison tools to make an informed decision.
Compare more financial products and find the best rates for your needs. PesaMarket helps thousands of Kenyans find the right financial products every month.