How much money does helb give to students,Diploma,Undergraduate,Masters,Self Sponsored,TVET,PhD and Salaried

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Helb gives students money based on the level of education they’ll attend.Those joining undergraduate under direct entry are given a maximum of Ksh60,000 per year.However,Ksh4,000 is sent directly to the university.

Type of Loan Application

There are two types of undergraduate loan applications:

  1. First Time Application-This is for applicants who are applying for the first time.
  2. Second & Subsequent Application-This is for applicants who are applying for the second, third, fourth time as per the program duration

Note: The number of loans one is eligible for depends on the program duration. For example, one is given loan 4 times for a 4-year program or 5 times for a 5-year programme

How to apply for a HELB Loan as a First Time Applicant:

  1. Visit our website www.helb.co.ke to access the Student Portal and click on “create an account” to register.
  2. Once the account is created, log in and select the appropriate Undergraduate First Time Loan Application Form [LAF].
  3. Read the literature or view the videos on Financial Literacy and participate in the brief exercise online.
  4. Access and fill the loan application form.
  5. Print TWO copies of the duly filled Loan Application Form [Mandatory]
  6. Have the forms appropriately filled, signed, and stamped by the relevant authorities.
  7. Attach all the documents as per the checklist and present one copy of the duly filled Loan Application Form at:
    • Any of the following Huduma centers nearest to you: Bomet, Bungoma, Chuka, Eldoret, Embu, Garissa, Nairobi GPO, Kakamega, Kericho, Kilifi, Kisii, Kisumu, Kitale, Kitui, Lodwar, Machakos, Makueni, Meru, Migori, Mombasa, Murang’a, Nakuru, Nandi Narok, Nyeri, Taita Taveta, Thika and West Pokot for free and secure delivery; or
    • HELB Student Service Centre on Mezzanine 1, Anniversary Towers, University Way, Nairobi
  8. Retain a complete copy of the Loan Application Form [This is mandatory]

Note:

  1. Please ensure that you read, understand, and follow the instructions provided at the beginning of the online loan application process including reading and undertaking the HELB Financial Literacy Programme.
  2. It is recommended that students prudently manage their HELB loans once disbursed to cater for Tuition, books, stationery, accommodation, and subsistence.

Requirements

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

How to apply on the HELB App as a second and Subsequent applicant

  1. Applicants should visit Google play store and download the HELB Mobile Application.
  2. 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. Ensure that you use the Safaricom number that you use for Mpesa transactions and it should be registered in your name
  3. Read 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”.
  4. Click on loans then select undergraduate loans to get the Undergraduate Subsequent Loan Application Form [LAF].
  5. 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

NB: You will be required to pay Kshs. 1 from your MPESA account during the application process to verify your telephone number.  Please note, the application is paperless hence no printing.

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

Please ensure that you read, understand, and follow the instructions provided at the beginning of the online loan application process including reading and undertaking the HELB Financial Literacy Program

Eligible students

  1. Recent beneficiaries of the Undergraduate Loan
  2. Students placed by the Kenya Universities and Colleges Placement Service [KUCCPS] in the local public and private universities
  3. Self-Sponsored, Parallel and Module II Students studying for a Bachelor’s degree only [Certificate, Diploma, Pre-University and Postgraduate students ARE NOT ELIGIBLE FOR THIS PRODUCT]

Loan award

The maximum Undergraduate loan awarded is Kshs. 60,000. For the students placed by Kenya University and Colleges Central Placement Service (KUCCPS), the loan amount is split to cater for both Tuition fee and Upkeep. A standard amount of Kshs. 4,000 for Government sponsored students only is deducted from the loan awarded and disbursed to the university per semester, for tuition [Total Ksh 8, 000] and the rest is sent to the applicant’s bank account as upkeep.

For the Self sponsored students, all the money is sent directly to the university once a year as tuition fees.

An Administrative Fee of Ksh. 500 per year is charged on the loan awarded and it is therefore deducted from the disbursed loan. A limited number of needy government sponsored students receive a bursary of between Ksh. 4, 000 and Ksh. 8,000 per year. The Bursary is paid to the university as tuition.

Repaying the Undergraduate 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, one can make voluntary payments before or after completion of studies to reduce the loan balance. HELB UG Loans are charged 4% interest per annum and is repayable up to a maximum of 120 months.

HELB LOANS FOR DIPLOMA STUDENTS(TVET)

TVET loans are given to diploma students. The maximum amount given to each student is Ksh 40,000.

Here are application requirements and how to apply:

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. The loan attracts interest rate of 4% and a ledger fees of Kshs. 1,000 per year.

How to apply as a First Time Applicant

  1. Visit our website www.helb.co.ke  to access the Student Portal and click on “create an account” to register.
  2. Once the account is created, log in and select the appropriate TVET First Time Loan Application Form [TLAF].
  3. Read the literature or view the videos on Financial Literacy and participate in the brief exercise online.
  4. Access and fill the loan application form.
  5. Print TWO copies of the duly filled TVET Loan Application Form [Mandatory]
  6. Have the forms appropriately filled, signed, and stamped by the relevant authorities.
  7. Attach all the documents as per the checklist and present one copy of the duly filled Loan Application Form at:
  •  
    • Any of the following Huduma centers nearest to you: Bomet, Bungoma, Chuka, Eldoret, Embu, Garissa, Nairobi GPO, Kakamega, Kericho, Kilifi, Kisii, Kisumu, Kitale, Kitui, Lodwar, Machakos, Makueni, Meru, Migori, Mombasa, Murang’a, Nakuru, Nandi Narok, Nyeri, Taita Taveta, Thika and West Pokot for free and secure delivery; or
    • HELB Student Service Centre on Mezzanine 1, Anniversary Towers, University Way, Nairobi
  1. Retain a complete copy of the TVET Loan Application Form [This is mandatory]

Note:

  1. Please ensure that you read, understand, and follow the instructions provided at the beginning of the online TVET loan application process including reading and undertaking the HELB Financial Literacy Programme.
  2. It is recommended that students prudently manage their HELB loans once disbursed to cater for Tuition, books, stationery, accommodation, and subsistence.

Application requirements

  1. A copy of the applicant’s admission letter from the institution
  2. A copy of the applicant’s National Identification Card.
  3. Applicant’s KCSE result slip or certificate
  4. Copies of the parents’ National ID Cards or death certificate where the parent is deceased
  5. Copies of both guarantors’ National ID Card
  6. A copy of the applicant’s Bank ATM/Bank card
  7. One recent colored passport size photograph of the applicant.

Note:

  1. The applicant should access and complete the relevant TVET Loan and Bursary Application Form (TLAF).
  2. Print TWO copies of the duly filled Loan Application Form.
  3. Have the TVET Loan Application Form signed and stamped by the Dean of Students and/or Financial Aid Officer.
  4. Retain one copy of the duly filled TLAF (Mandatory).
  5. Drop the TLAF personally at the HELB students Service Centre on Mezzanine One, Anniversary Towers or any of the SELECT Huduma Centers nearest to you

Repaying the TVET Loan

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 is repayable up to a maximum of 48 months.

Approved TVET institutions funded by HELB as at September 2021.

Customer Service Touch Points

Anniversary Towers, University Way:

Touch PointFloorService OfferedOperating Hours
Students Service CentreM1Loan/bursary application, allocation and disbursement queries Drop off of Loan Application Forms.Mon-Fri 8am-5.00pm
Customer Experience CentreGroundLoan Repayment HELB Compliance and Clearance HELB Jielimishe InquiriesMon-Fri 8am-5.00pm
Cash Office18thReceiving and receipting of cheques Receipting of cash deposit slipsMon-Fri 8am-5.00pm
Contact Centre Tel: 0711 052 000 Email:
[email protected] Twitter & Facebook:
  All enquiriesMon-Fri 8am-5.00pm

HELB LOAN FOR MASTERS AND PHD STUDENTS

Helb gives masters students a maximum of  Ksh 200,000 and PhD students a maximum loan of Ksh450,000.

Here is how to apply for the loans:

HELB awards partial scholarships to Kenyans pursuing postgraduate programmes (Masters or PHD) in local Public or Private Universities recognized by the Commission for University Education [CUE]. The value of the scholarship award is Kshs. 200,000 and Kshs. 450,000 for Masters and PhD programmes respectively, tenable for 2 years in respect of the Master’s Programme and 3 years for the PhD.

Eligibility:

  1. Letter of Admission into a full or part time Postgraduate university program
  2. Minimum undergraduate qualification of Second-Class Honors, Upper Division.
  3. Reporting for First year of study
  4. Preference will be given to applicants undertaking Science, Technology, Engineering, Mathematics, Innovation and Fisheries [STEM IF] and those courses which will directly contribute to the “Big Four Agenda”
  5. If the applicant is a previous or current HELB loan beneficiary, the applicant MUST be repaying his/her loan or has cleared the loan.

The HELB Postgraduate Scholarship application form is accessible from the Student Portal upon registration.

How to Apply:

  1. The applicant should register, access and duly complete the Postgraduate Scholarship Application (PGSA). The application is accessible through the Student Portal.
  2. After filling the required application details, click and submit the duly completed application then download and print the PGSA.
  3. Proceed to have the PGSA duly signed and stamped by the relevant authorities and attach all the necessary documents as indicated in the checklist.
  4. Scan the filled PGSA and all the attachments in PDF format as one document.
  5. Send the scanned PDF copy to [email protected]

Note:

  1. Geographical distribution and gender are considered during the Scholarship Award.
  2. Applicants from marginalized regions are highly encouraged to apply.
  3. The applicant shall be prompted to pay a non-refundable application fee of Kshs.3,000 via MPESA once they click on the payment tab on the portal.
  4. Do not pay any individual to process your Postgraduate Scholarship Application.
  5. The 2021/2022 Postgraduate Scholarship Application deadline is 31st August 2021.

HELB LOAN FOR SALARIED STUDENTS

You can borrow from Helb up to Ksh 600,000 per year.Here are the minimum requirements:

Jielimishe Loan (For Salaried Students)

HELB takes the stress of fee payment off your mind to let you focus on your studies.

Education is one of the most important investments you can make in yourself. HELB offers Jielimishe Loan to employed students pursuing Professional Courses, Higher National Diploma, Bachelors, Postgraduate-Diploma, Masters or PhD degrees in Kenya. The loans are awarded per year and paid directly to the approved institutions of higher learning.

Features

  1.     Quick loan processing
  2.     Competitive interest rate of 10% per year
  3.     Flexible repayment periods of 12 – 48 months (72 months for Public Servants)
  4.     Convenient and easy monthly check-off repayments
  5.     Borrow up to 90% of your program fees to a maximum of Kshs. 600,000
  6.     Affordable Credit Life Insurance Policy

Requirements

  1. Admission letter from a recognized university/College in Kenya
  2. Certified copy of your last acquired academic certificate (certified by a commissioner of oaths)
  3. Three (3) months latest pay slips (certified by your employer)
  4. If you are employed on contract, please provide copy of appointment letter for a contract of not less than two years (certified by your employer)
  5. Certified copy of your National ID (certified by a commissioner of oaths)
  6. Certified copy of your KRA PIN (certified by a commissioner of oaths)
  7. Certified copy of National ID from two employed guarantors (certified by a commissioner of oaths)
  8. Recent colored passport size photograph of yourself

 Who is eligible

Employees in:

  1. Civil service (Ministries, Counties, National Police Service, Kenya Defense Forces)
  2. Public Commissions e.g. Teachers Service Commission, JSC, PSC, CAJ, SRC, CRA etc
  3. Parastatals e.g. KRA, NSSF, NHIF, NTSA, KWS, KFS, KPA etc
  4. Public Universities
  5. Selected Private companies (E-mail [email protected] to check whether your company is eligible)

Note:

  1. Loan applications are done online on www.helb.co.ke.  
  2. Jielimishe loan repayment starts immediately upon disbursement to the training institution.

CIVIL SERVANTS TRAINING REVOLVING FUND

This is a facility specifically for Civil Servants in National Government, County Governments and National Police Service. This loan is offered in collaboration with The Ministry of Public Service. The amount awarded is between Kshs. 30,000 and Kshs. 500,000 at a competitive low interest rate of 4% per year, with prolonged repayment period of up to 72 months (6 years) through check-off. The courses covered include examinable short courses of at least three (3) months and Postgraduate studies (Masters and PhD). The loan is used to finance Tuition, Library, Computer and Research and Examination fee

Features:

  1. Quick loan processing
  2. Competitive interest rate of 4% per year
  3. Flexible repayment periods of 12 – 72 months (6 years)
  4. Convenient and easy monthly check-off repayments
  5. Borrow up to Kshs. 500,000

Requirements:

  1. Admission letter from a recognized university or training institution in Kenya
  2. Course recommendation letter from your employer
  3. A copy of 3 months latest pay slips (certified by your employer)
  4. Certified copy of your national ID (certified by a commissioner of oaths)
  5. Certified copy of your KRA PIN (certified by a commissioner of oaths)
  6. Certified copy of national ID from two guarantors employed within civil service (certified by a commissioner of oaths)
  7. Recent colored passport size photograph of the applicant

Who is eligible

Civil Servants in National Government, Parliamentary Service Commission, Judicial Service Commission, County Governments, and National Police Service pursuing Postgraduate studies

Note:

Loan applications are done online on www.helb.co.ke

Repayment:

Repayment is due 1 month after disbursement through monthly check-off system from the employer’s payroll for a maximum period of 72 months (6 years). Applicable interest is 4% per year and an annual ledger fee of Kshs. 1,000.

KRA STAFF TRAINING REVOLVING FUND

Are you an employee of Kenya Revenue Authority (KRA)?
Take advantage of this fantastic offer of up to Kshs. 500,000 at a competitive interest rate of 4% per year.

Features:

  1. Quick loan processing
  2. The loan covers Tuition, Library, Computer and Research and Examination Fee
  3. Competitive interest rate of 4% per year
  4. Flexible repayment periods of 12 – 48 months
  5. Convenient and easy monthly check-off repayments
  6. Borrow up to Kshs. 500,000

Requirements:

  1. Admission letter from KESRA, a recognized university or training institution in Kenya
  2. Course recommendation letter from your employer (KRA HR office)
  3. A copy of 3 months latest pay slips (certified by your employer)
  4. Certified copy of your national ID (certified by a commissioner of oaths)
  5. Certified copy of your KRA PIN (certified by a commissioner of oaths)
  6. Certified copy of national ID from two guarantors employed within KRA (certified by a commissioner of oaths)
  7. Recent colored passport size photograph of the applicant

Who is eligible:

KRA employees pursuing Certificate, Diploma, Undergraduate or Postgraduate studies at KESRA or a recognized Kenyan university

How to apply:

Loan applications are done online. Visit www.helb.co.ke to access the online applications via the HELB student portal.

Repayment:

Repayment is due 1 month after disbursement through the monthly check-off system from the employer’s payroll for a maximum period of 72 months (6 years). Applicable interest is 4% per year and an annual ledger fee of Kshs. 1,000