The Higher Education Loans Board's mission is to provide financial support to Kenyan students attending local and international higher education institutions. The organisation offers loans, bursaries, and scholarships for studying at authorised public and private universities and colleges in Kenya and other countries.
Students pursuing undergraduate and postgraduate programs.
Sure, you are. However, a first-time applicant must submit an application during the window for first-time submissions.
For a step-by-step guide on how to apply for a HELB loan as a first-time applicant, read here.
Visit https://www.helb.co.ke/ to register on the HELB Portal. Once you are logged in, navigate to the student portal. You can apply for your loan, access the self-service, print your compliance certificate, and also check the status of your loan.
Making a HELB loan application is free of charge. But for M-Pesa to verify your mobile number, you will be charged Ksh1. The funds will be deposited into your loan repayment account.
Depending on the institution, a government-sponsored student may pay up to Ksh50,000/- each year to train at a public institution in compliance with the current Cost Sharing Policy. A maximum loan amount of Ksh50,000 and a bursary of Ksh8,000 may be awarded out of this amount by HELB. If you are self-sponsored, commonly known as “parallel programmes” HELB doesn’t currently offer financial assistance.
You can start your application procedure by simply dialling *642#.
HELB advertises in the print media, requesting loan applications. Applications are often received in the fourth quarter of the year.
The Board adheres to a deadline, and applications received after that date without cause are not processed.
The deadline for first-time applications this year is Wednesday, November 30, 2022.
You will get a notification confirming that your application was successful once you have finished the application procedure.
Yes, if you genuinely need more money, you can contest the amounts that have been given to you by filling out the loan review (appeal) form on the HELB website.
Currently, all salaried candidates pay 12% interest each year, compared to 4% for direct entry students. As soon as the first disbursement is made, interest will begin to accrue.
Using M-PESA (Safaricom) Money Transfer:
Note: The transaction reflects in your statement immediately after the transaction.
Using M-PESA (Safaricom) Money Transfer for Employers
For bank deposits, all payments must be sent to the Higher Education Loans Board, and must be made by crossed check, bankers draft, direct transfer/standing order/EFT, or cash deposit to the HELB collection A/C in any of the following banks:
Yes, without any extra charges.
On clearing your loan, a clearance certificate will be issued to you.
The extra funds will be reimbursed by HELB.
Not more than one-month maximum.
HELB charges a Ksh5,000 penalty fee every month.
You can check your loan progress in the following ways: