HELB Issues New Deadline: First Time Loan Application 2022/2023

All the first time HElB applications are now being accepted from students placed by the Kenya Universities and Colleges Central Placement Service (KUCCPS).

All those learners enrolled in self-sponsored programs at private and public universities in Kenya and the East African Community that are recognised by the Commission for University Education (CUE) are also invited to apply.

undergraduate university students are eligible for loans ranging from Ksh40,000 to Ksh60,000 per year.

For all those learners who were  placed through Kenya Universities and Colleges Central Placement Service (KUCCPS), the loan amount is divided between tuition fees and upkeep costs, as all those  self-sponsored students have their tuition payments transferred directly to the university once a year.

According to HELB guidelines, all  its loans come with a 4% interest rate and a Ksh1,000 ledger every year, with a maximum Undergraduate loan amount of Ksh60,000 per academic year.

A number of loans available is determined by the length of the program.

With  a 4-year program, a loan is issued four times, and for a 5-year program, five times.

HElB  charges an administrative fee of Ksh500 every year, which is taken from the disbursed amount.

A number of needy government-sponsored students get annual bursaries ranging from Ksh4,000 to Ksh8,000. The Bursary is paid to the university.

Repayment of HELB undergraduate loans begins one year after graduation or as soon as the Board decides to recall the loan, whichever comes first.

The official deadline for applications is Wednesday, 30th November 2022

The Official Requirements for HELB Loan First Time Applications

A candidate should provide the following documents with your HELB application form (enclosed in a single envelope):

A copy of the applicant’s national identification card.

  • The  copies of the parents’ national identification cards/death certificates, if the parent is deceased.
  • The copies of both guarantors’ national identification cards.
  •  Copy of the admission letter and KCSE result slip/certificate of the applicant.
  • The copy of the applicant’s bank ATM/bank card (for government-sponsored students only)
  • The copy of the applicant’s institution’s Smart Card.
  • Also  one recent coloured passport photo of the applicant.

OFFICIAL HELB Contacts

Official Telephone: 0711 052000

Official Email: contactcentre@helb.co.ke

Official Facebook: Higher Education Loans Board

Official Twitter: @HELBPage

Official Website: http://www.helb.co.ke/

 

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