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How to Apply For HELB Undergraduate & TVET Loans 2021
How to Apply For HELB Undergraduate & TVET Loans 2021
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How to Apply For HELB Undergraduate & TVET Loans 2021

Money254
Money254 Team
August 19, 2021

This is a complete guide on how to apply for the Higher Education Loans Board (HELB) loan in 2021, as well as a detailed response to all the frequently asked questions. 

HELB offers a variety of loan products including undergraduate loans, TVET loans, the Jielimishe loan (for salaried students), the civil servants training revolving fund and the KRA staff training revolving fund in addition to devolved funds, partner funds and scholarships. 

This article covers the application process of applying for undergraduate loans and the Technical and Vocational Education and Training (TVET) loans. 

Undergraduate HELB Loans

This loan facility is designed for students only pursuing Bachelor's degrees in public or Chartered Private Universities in the East African Community, who have been placed by the Kenya Universities and Colleges Central Placement Service (KUCCPS), Self-sponsored, Parallel, and Module II students.

It attracts a 4% interest rate and a Ksh1,000 ledger fee every year, with a maximum undergraduate loan amount of Ksh60,000.

Pre-university, certificate, diploma, and postgraduate students are not eligible for HELB loans.

According to the HELB, 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.

The number of loans available is determined by the length of the program. For a 4-year program, for example, a loan is issued four times, and for a 5-year program, five times.

It's worth noting that a Ksh500 administrative fee is applicable on each loan issued, and this fee is taken from the disbursed loan.

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

There are two types of undergraduate loan applications: First Time Application and Second & Subsequent Application.

How Do I Apply For a HELB Undergraduate Loan First Time?

  • Visit www.helb.co.ke to access the Student Portal and click on “create an account” to register.
  • Once the account is created, log in and select the appropriate Undergraduate First Time Loan Application Form [LAF].
  • Read the literature or view the videos on Financial Literacy and participate in the brief exercise online.
  • Access and fill the loan application form.
  • Print out two copies of the duly filled Loan Application Form.
  • Have the forms appropriately filled, signed, and stamped by the relevant authorities.
  • Attach all the documents as per the checklist and present one copy of the duly filled Loan Application Form at any Huduma Centre nearest to you or at the HELB Student Service Centre on Mezzanine 1, Anniversary Towers, University Way, Nairobi

It is mandatory that you retain a complete copy of the Loan Application Form.

How Do I Apply For the HELB Undergraduate Loans for Second and Subsequent Times?

  • Visit Google Play Store and download the HELB Mobile Application.
  • Register your details (First name, Phone, Email Address, National ID and KRA PIN number) on the HELB App to generate a PIN which you will use to log in and accept the license agreement.
  • Make sure to use your M-PESA registered line at this stage.
  • Go through the mandatory Financial literacy notes and undertake a brief Question & Answer to appreciate the purpose of credit. 
  • Scroll down to view results then click “proceed”.
  • Click on loans then select undergraduate loans to get the Undergraduate Subsequent Loan Application Form (LAF) 
  • Follow each step to fill in the required details and submit. A pop-up message will appear to show that you have successfully applied. The loan serial number will also be displayed.

Note that you will be required to pay Ksh1 from your M-PESA account to validate your telephone number.

Students that are not Safaricom subscribers are directed to the Portal and apply using the application form, after which they are required to print and submit the form to the HELB Student Service Centre on Mezzanine 1 Floor at Anniversary Towers in Nairobi.

What is the Deadline for HELB Undergraduate Loan Application?

The application deadline for first time HELB undergraduate loan applicants is December 31, 2021. 

For the Second and Subsequent times loan applicants, the deadline is set at October 30, 2021. 

What are the Requirements When Applying For a HELB Loan?

  • A copy of the Applicant’s national ID Card.
  • Copies of the parents’ National ID Cards/death certificate where the parent is deceased.
  • Copies of both guarantors’ National ID Card.
  • A copy of the applicant’s admission letter and KCSE result slip/certificate.
  • A copy of the applicant’s Bank ATM/Bank card (applies to Government sponsored students only).
  • A copy of the applicant’s Smart Card from the institution.
  • One recent colored passport size photograph of the applicant.

TVET HELB Loans

Kenyan students pursuing Certificate, Diploma and Higher National Diploma courses in select Public Universities, select University Colleges, Public National Polytechnics, and approved TVET Colleges under the Ministry of Education are eligible for this loan and bursary. 

Similarly, this loan attracts an interest rate of 4% and ledger fees of Ksh1,000 per year.

How To Apply For TVET HELB Loan as a First Time Applicant

  • Visit www.helb.co.ke  to access the Student Portal and click on “create an account” to register.
  • Once the account is created, log in and select the appropriate TVET First Time Loan   Application Form [TLAF].
  • Read the literature or view the videos on Financial Literacy and participate in the brief exercise online.
  • Access and fill the loan application form.
  • Print TWO copies of the duly filled TVET Loan Application Form.
  • Have the forms appropriately filled, signed, and stamped by the relevant authorities (including the Dean of Students and/or Financial Aid Officer).
  • Attach all the documents as per the checklist and present one copy of the duly filled loan Application Form at any Huduma Centre nearest to you or at the HELB Student Service Centre on Mezzanine 1, Anniversary Towers, University Way, Nairobi.

It is mandatory that you retain a complete copy of the Loan Application Form.

What is the Deadline For HELB TVET Loans 2021?

For first-time applicants as well as second and subsequent times applicants, the deadline to submit applications is set for December 31, 2021. 

Like undergraduate loans, TVET 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, one can make voluntary payments before or after completing studies to reduce the loan balance. 

HELB Loans are charged 4% interest per annum and are repayable up to a maximum of 48 months.

NOTE: For second and subsequent times applications, you can also use the HELB USSD Code *642# 

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