Helb loans for first years and continuing students (Simplified guide)

The Higher Education Loans Board (HELB) awards loans to students in institutions of higher learning to fund their education i.e. those students’ joining University as Kuccps (Government sponsored) or Self-sponsored. These loans are not automatic and have to be applied for. Amounts awarded range between 37,000 minimum and 60,000 maximum based on the level of need.

The loan attracts interest of 4% p.a and the students are required to repay their loans on completion of their studies.

Students are advised to apply at least one month before the opening date to allow time for processing and remittance.

The application period is January to July every year.

 HELB PRODUCTS

1. Loans – Repayable sum of money
2. Bursaries – Non repayable/ monetary grant- There is no separate application for this bursary but qualification for it depends on the information provided on the HELB application form.

HELB therefore awards bursaries to the following:

• Extremely needy students who benefit from loans;
• Orphans;
• Students from single parent;
• Families and others who come from poor backgrounds will be given priority for the bursaries.

3. 3. Scholarships – Financial aid
4. Managed funds – External resources mobilized from partners e.g. County governments, constituencies, K.R.A, ABSA Bank & other institutions. HELB manages these funds.

PRODUCT CATEGORIES & ELIGIBILITY

UNDERGRADUATE & TVET REQUIRMENTS NEEDED TO APPLY FOR HELB LOAN

UNDERGRADUATE & TVET APPLICATION GUIDELINES

WHERE TO SUBMIT THE LOAN APPLICATION FORM

   Additional Points to Note

• Tuition funds are disbursed directly to the School account
• Upkeep funds are disbursed directly to the Student’s personal account (Use your own account)
• Always ensure your Bank account number is active
• HELB sends SMS/Email notifications after each process i.e. form verification, loan allocation and loan disbursement

ALLOCATION & DISBURSEMENT BREAKDOWN

NB: PSSP & Bursary funds are paid at the beginning of semester two in one installment Kshs.500 is retained as administrative fees, see T&Cs on the Loan Application Form (LAF)

CAUSES OF DELAYS IN LOAN PROCESSING

1. If it lacks any of the required documents and signature as listed on the last page of the Loan Application Form (LAF)
2. If the applicant provides untruthful information ‘#Tellthetruth’

NB: Always ensure that all details provided are accurate

Quick Details Checks before submitting the application

1. Institution (University name, admission number, student category (government/self-sponsored)
2. Bank name and Bank account number – use your personal account
3. Education background –Correct KCSE number and KCSE year
4. Parental details