News Ticker

Menu

HELB Loan Application Guide / Instructions


 Helb Loan Application Disbursement
Helb Logo [Courtesy: helb.co.ke]
This article is a continuation of : Helb Loan Application [ Part One ] 
The Higher Education Loans Board, HELB, is a financier of higher education in Kenya. The mandate of the Board is to disburse loans, bursaries and scholarship to students pursuing higher education in recognized institution.  HELB awards loans to certificate, diploma, bachelors and post graduate students.

NEW: HELB Loan Application Is now Open 
HELB Loan Application Announcement
HELB places advertisements in the print media in which it invites applications for loans. Applications are usually received in the last quarter of the year (i.e. between October and December). The Board maintains a deadline and those applications received after the deadline without justifiable reasons are not processed.

NEW! Register for the Young Investors Essay Writing Contest. Laptops, tablets, mobile phones & other goodies to be won.

HELB Loan Requirements 
 Applicants are required to have the following:

  • Copy of your national ID. 
  • A Valid bank account. 
  • KRA PIN No
  • Parent (s)/ gurdain particulars  
  • Parent(s) death certificate. ( if not existing) 
  • Copy of letter of admission to the university/college. 
  • Copies of two guarantors’ ID’s. 
  • Three Recent colored passport size photograph
Application Process 
The process of loan application is usually done online following the procedure outline below: 
i.   Log onto HELB portal by following this link:  helb loan application portal

ii.  Click create account to create your account profile with HELB.

iii. While still logged in, go to the home page and click ‘fill the application form correctly’.

iv. Fill in the form carefully and make sure you save each and every step.

v.  Go back to the home page and click ‘view application history’ to confirm you have filled everything correctly. (This page is not for printing)

vi.  Go back home and click the ‘print form’ icon to get your hard copy documents.

vii. Applicants are then required to take the printed form to their local pastor, area sub-chief and a lawyer who confirms that the information submitted is accurate.

viii. The duly filled form is then submitted to HELB offices.  
NOTE: The forms must be filled with accurate and truthful information. Be warned that students who obtain loans through misrepresentation of facts might be prosecuted in accordance with the law.

Filling the Application Form [ src]

The Online loan application form is divide into the following 3 stages.


STAGE 1: APPLICANT DETAILS (Main Tab)

This comprises of three sub categories as elaborated below. You are required to fill each section before proceeding to the next item.
a) Step 1 of 3: Applicant:- Personal Details In this section, an applicant is required to fill out there personal information. Items such as Sub-location,Division,location etc should reflect information as per your National Identification Card.

b) Step 2 of 3: Applicant:- Residence Details In this section, an applicant is required to fill out there current place of residence information. Items such as Sub-location,Division,location etc should reflect your current place of residence and not as indicated in your ID Card.

c) Step 3 of 3: Applicant:- University & Loan Details In this section, an applicant is required to fill out there university and loan details.Specify how much loan you require and in case you need bursary this is the section to tick on.

See Also:  Prof. Micheni's Advice to University Students


STAGE 2: PARENTS DETAILS (Main Tab) This comprises of four sub sections as elaborated below. You are required to fill each section before proceeding to the next item.

a) Step 1 of 4: Parents/Guardian details – Parents Marital Status In this section, an applicant is required to fill out there parents marital information. Please specify whether you are an orphan or from a single parent. If either parent is deceased you will be required to provide details of their death certificates and attach certified copies of the same.

b) Step 2 of 4: Parents/Guardian details – Father details. This section is mandatory, if your father is alive. If you specify on the option NOT ALIVE, you wont be required to fill the details of your father.

c) Step 3 of 4: Parents/Guardian details – Mother details. This section is mandatory, if your Mother is alive. If you specify on the option NOT ALIVE, you wont be required to fill the details of your Mother.

d) Step 4 of 4: Parents/Guardian details – Family Expense Details In this section, an applicant is required to fill out there family expense details.This includes items such as food,clothing,rent etc. Please enter numeric values only without special characters or commas e.g. 5000 not 5,000.


STAGE 3: EDUCATION DETAILS (Main Tab)

This section has no sub-sections. You will only be required to fill your education details on the form capturing Primary, Secondary and any other enrollment after that.
Helb Loan Ammount Awarded 

In accordance with the current cost sharing policy, a government sponsored student is required to pay approx. Kshs.30,000/- per year to train at a public university. Out of this amount, HELB can award a maximum loan of Kshs 60,000 and a bursary worthy Kshs.8,000. The board currently gives a minimum of Khs 35,000. The amount awarded is based on the level of need.
The Board awards doctoral students an average of Kshs. 150,000 per year while Masters students receive Kshs.80,000/= [for humanities] and Kshs. 100,000 [for science based subjects]. The loans for post graduate students  are advertised in June every year and the beneficiaries are announced before the beginning of the academic year in September.

Undergraduate Bursaries 

HELB awards bursaries to extremely needy undergraduate students who benefit from loans for direct entry. Orphans, students from single parent families and others who come from poor backgrounds will be given priority for the bursaries. There is no separate application for this bursary but qualification for it depends on the information provided on the direct entry form.

Also Read: HELB: Categories Of Students Qualified to apply For a  Loan

Loan Disbursement

HELB releases loan results before the new academic year starts. Students who qualify for loan awards will have their personal bank accounts credited before the beginning of each Semester.


Students who fail to secure a loan or are awarded inadequate amounts are encouraged to appeal. Each appeal is reviewed on its own merit. An applicant may fail to get a loan because of the following reasons:
  1.  The student may not have provided adequate information about himself /herself as requested.
  2. The students may have provided false information on the loan application form.

Management of HELB loans

Students are advised that the loans should be used mainly for:
  • Tuition,
  •  Books and stationery
  • Accommodation and subsistence. 
   Students are advised to desist from diverting the funds to leisure or other family obligations.
 
Repaying your Loan

Undergraduate loan repayment starts within one year of completion of studies or within such a period as the Board decides to recall the loan whichever is earlier. However, you can make voluntary payments before or after you complete your studies to reduce your loan balance.

The loan attracts interest of 4% p.a and the students are required to repay their loans after one year of completion of their studies. Loan defaulters are penalized. For each month that remains unpaid, a lonee is penalized a fine of not less than five thousand shillings.

If you die before clearing the loan, HELB can waive the loan upon request from your next of kin.

A certificate of clearance is given to beneficiaries who have cleared their loan.



For any query over HELB application process, please leave a comment or like our facebook page   
 You can also follow me on Twitter  [    ]

Share This:

Post Tags: