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FINANCIAL LITERACY ASSESSMENT


The Higher Education Loans Board, HELB, requires you to answer a number of online questions during the loan application process. See the questions you would be required to answer, below;

Questions asked during the Helb loan online application process

All fields marked with Asterisks (*) are required.
1. What is a Loan? *
A loan is a sum of money borrowed to be repaid with interests as per terms and conditions given by the lender.
2. How does one access the HELB Loan? *

3. Must one apply for a HELB Loan? *

5. I am below 18 years, Can I access HELB Loan? *

6. What do I do if I am unsatisfied with my previous loan award? *

7. How much is charged as loan Interest? *

8. The following is a list of expenditures. Which one is applicable on how HELB loan should be utilized? *
9. A loaneee has the following obligations, which one is NOT true *
10. Which one of the following statements is False? *

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