If you are wondering how to apply for HELB, then you have come to the right place. Here you will find the steps you need to take, the Forms to fill out, and the Repayment schedule for the HELB loan. You can also find out where the nearest Huduma centers are to complete the process.
Steps to applying for HELB
The Higher Education Loans Board (HELB) is a financial institution that provides educational loans to students. The HELB offers a wide range of educational loans to students who are pursuing a degree from any university in the country. Students enrolled in a bachelor’s degree program can apply for these loans. The interest rate for these loans is usually 4%. The duration of the loan depends on the length of the program. Applicants should fill the HELB application form completely to ensure that their loan application is approved.
HELB requires applicants to complete a financial literacy exercise and fill in an application form. Applicants must also have a minimum score of 70% on a financial literacy test. HELB requires students to complete an online application form.
Forms to fill out
The first step in applying for a HELB loan is to print the HELB application form and fill it out. Then, you must sign it and bring it to the HELB office or bank. There are two different types of HELB loan application forms: those for first-time borrowers and those for repeat applicants. It is important to fill out the correct form based on your circumstances.
HELB forms can be filled out online, printed, and submitted to the HELB office. The forms will gather information about your formal training. Most HELB loans will begin repayment a year after graduation or when HELB recalls you. However, other HELB loans have different repayment schedules. You will have to repay them according to the timelines specified by the Boards.
A HELB loan is a loan that is used for higher education. The Higher Education Loans Board is the organization that provides loans and scholarships for students to further their education. Its goal is to collect matured loans and make sure that there is sufficient funding available to meet the high demand for loans. It also aims to speed up the repayment of loans.
The repayment schedule for HELB loans is very important for borrowers. It is imperative for students to pay a minimum monthly amount to avoid getting blacklisted. In addition, repayment amounts should be calculated based on your current income, not on what you expect to earn.
Huduma centers nearest to you
First of all, you must register for a Huduma account. Once you register, you will be able to select the service centre nearest to you. Once you create your account, you will be sent an activation code. You can use this code to login to your Huduma account and complete the application process. The process is quick and easy.
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Since its inception in 1995, the Higher Education Loans Board (HELB) has provided financial assistance to thousands of Kenyan students pursuing higher education in local institutions.
To be eligible for a HELB loan, you must be a Kenyan citizen aged 18 years and above. You must also have been admitted to a recognised university, college or institution of higher learning in Kenya. If you meet these requirements, you can proceed to apply for a HELB loan by following the steps below:
1. Log on to the HELB website (www.helb.co.ke) and create an account.
2. Fill in the online application form and submit.
3. Once your application has been processed, you will be required to pay a non-refundable loan processing fee of Kshs. 500 through Lipa na M-Pesa (Paybill No. 522522).
4. After payment, upload your bank-stamped payment receipt on the HELB portal.
5. Once your payment has been verified, you will be required to provide additional information/documents as may be requested by HELB.
6. Upon satisfactory completion of your loan application, HELB will transfer the loan funds to your institution of higher learning.