How To Successfully Apply For Helb Loan

Are you looking forward to further your education? In this article, we shall take a look at How To Successfully Apply For Helb Loan in a fater way. Applying for a HELB loan can allow you to afford your studies while enjoying low interest.

The Higher Education Loans Board has been helping Kenyan students since 1995 and you should jump on it as well. The application process is seamless and it can be done in a matter of seconds

How To Apply For Helb Loan

Helb loans are for students pursuing their studies in Public or Chartered Private Universities within the East African Community, placed either through the Kenya Universities and Colleges Central Placement Service (KUCCPS), Self-sponsored, Parallel and Module II Students studying for a Bachelor’s Degree only.

Pre-University, Certificate, Diploma or Postgraduate students are not eligible to apply for this loan. The loan attracts interest of 4% and Kshs. 1,000 ledger per year. Students are advised to apply for the loan at least one month before the opening date to allow ample time for processing.

Types of Helb Loan Application

There are two types of undergraduate loan applications:

First Time Application -This is for applicants who are applying for the first time.

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

N/B: 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.

First Time Helb Loan Application

  1. Visit hef.co.ke website to access the Student Portal and click on “register” to create an account.
  2. Confirm whether you have your National ID and enter your ID number. Enter your KCSE Index number if you don’t have a National ID.
  3. Enter a valid email address and password and click “register”.
    You have successfully created an account. Check your email (Inbox or Spam/ Junk) to activate your account and log in after email activation.
  4. Enter a valid Telephone number where a verification code will be sent. If the verification code expires, click resend button to get a new verification code.
  5. Fill your profile & update your Biodata.
    Give consent to collection of your personal data.
    Read through the consent form to understand why they are collecting your personal data then tick the checkbox to agree with terms of use.
  6. Fill in your personal details then save to continue.
    When all details are complete, submit your scholarship/loan request.
  7. Consent to processing of your data by Accepting the loan terms and conditions.
  8. Update your guarantor details.
  9. Provide loan payment information as per the fields provided (Bank or mobile payment)
  10. Submit your loan application.

Note:

Please ensure that you read through the consent form to understand why they are collecting your personal data before you tick the checkbox to agree. View HELB Data Privacy Statement.

It is recommended that students prudently manage their HELB loans once disbursed to cater for Tuition, books, stationery, accommodation, and subsistence.

How To Apply For Subsequent Helb Loan

  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.
  3. Ensure that you use the Safaricom number that you use for Mpesa transactions and it should be registered in your name.
  4. 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”.
  5. Click on loans then select undergraduate loans to get the Undergraduate Subsequent Loan Application Form [LAF].
  6. 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.

N/B: 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.

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.

HELB Loan Application Requirements

HELB has outlined several requirements that candidates will have to provide for the application process to be successful.

  1. A valid email address for the applicant (Student) – According to the HELB, a candidate seeking to apply for financing must have a valid email address and telephone number before embarking on the application process.
  2. Valid telephone number (must be registered in your name to apply for a loan)- For ease in disbursing of the funds by HELB, an applicant must furnish the board with valid bank details or a valid MPESA number which must be registered under the applicant’s name and ID number.
  3. KCPE and KCSE index numbers and year of examination – They must also have the Kenya Certificate of Primary Education (KCPE) and Kenya Certificate of Secondary Education (KCSE) index numbers and year of examination.
  4. Passport size photo – Eligible applicants will also be required to provide a copy of a passport-size photo in the form of a jpeg, jpg or png for their application to go sail through.
  5. Copy of your National ID (for loan application) – Just like most application processes, candidates will be required to provide a copy of their National Identification cards or Maisha cards with both sides in PDF format.
  6. Your birth certificate – If the applicant is under the age of 18 years, then they will be required to provide birth certificates in the form of a PDF as an alternative to the ID requirement.
  7. College/University admission letter
  8. Your parents’ registered telephone number
  9. Your parents’ national ID number
  10. Death certificate if any of your parent is deceased.
  11. Two guarantors’ (Can be your parents) ID numbers and registered telephone numbers (for loan application)
  12. Copy of the sponsorship letter if you were sponsored in Secondary school. A Copy of the sponsorship letter in PDF will be required for those sponsored in secondary schools.

2 thoughts on “How To Successfully Apply For Helb Loan”

Leave a Comment