when does Helb Loan interest rate start to accrue?

Jielimishe Loan (For Salaried Students)

1. Competitive interest rate of 10% per year
2. Flexible repayment periods of 12 – 48 months (72 months for Public Servants)

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.

Read Also:

1. HELB subsequent application
2. HELB tvet loan
3. HELB registration requirements

How to Apply?

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

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?

1. 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 jielimishe@helb.co.ke to check whether your company is eligible)

Undergraduate Loan

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

These 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.

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.

6. 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

TVET Loan

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

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.

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

Send all HELB Loan enquiries to any of the following contact details below and you will be responded to as soon as possible:

Contacts

Head Office

• Anniversary Towers, 19th Floor
• P.O Box 69489-00400
• Nairobi, Kenya

Student Service Centre

• Mezzanine One (M1) Floor Anniversary Towers
• Operating Hours: 8.00am – 5.00pm
• Service Offered: Loan Disbursement Enquiries

Customer Experience Centre.

• Ground Floor, Anniversary Towers
• Operating Hours: 8.00am – 5.00pm
• Service Offered: Loan Repayment, Compliance & Clearance and HELB Jielimishe Loan Enquiries.

Contact Centre

• 0711052000
• contactcentre@helb.co.ke
• Operating Hours: 8.00am – 5.00pm

The HELB services are now accessible country wide in Huduma Centres

HELB Is Physically Present At:

• Nairobi-GPO,
• Machakos
• Mombasa
• Nakuru
• Eldoret
• Nakuru
• Kisumu

• Kakamega
• Kisii
• Nyeri
• Embu
• Kitui
• Bungoma
• Lodwar

• Meru
• Thika
• Kitale
• Kericho
• Nandi
• Murang’a
• Garissa

• Narok
• Migori
• Chuka
• Kilifi
• Taita Taveta
• West Pokot,
• Bomet

HELB Select Services Available Through Cybercafes At The Following Huduma Centres:

• City Square
• Makadara
• Kibera
• Eastleigh
• Baringo
• Tana River

• Busia
• Elgeyo Marakwet
• Homa Bay
• Isiolo
• Kajiado,
• Vihiga

• Kirinyaga
• Kwale
• Laikipia
• Lamu
• Mandera
• Wajir

• Marsabit
• Nyamira
• Nyandarua
• Samburu
• Siaya

The HELB MPESA Wallet Guide.

The HELB loan mobile payment option is currently available on Mpesa, below is the procedure on how you can access and withdraw the funds from HELB Mini App.

1. Download the MPESA App from Google App Playstore or Apple App Store or Huawei App gallery.
2. Register on the MPESA App using your MPESA registered phone number, and make sure you are using data bundles from Safaricom.
3. Login and go to the home page, then Categories, and to the Education tab.
4. Select HELB from Education tab.
5. Register on the HELB Mini app.
6. Sign in using your MPESA registered phone number, and you will receive a verification code via SMS for login.
7. Once you log in, kindly click on the home page tab to withdraw your funds to your MPESA using the withdraw button on the page.

Should you require further support, please email us on ContactCentre@helb.co.ke or call us on0711052000

How to Repay loans using the HELB Mobile Wallet

Mobile Payment Services: M-PESA

Using M-PESA (Safaricom) Money Transfer:

• Select pay bill option
• Enter HELB business number as 200800
• Enter your national ID number as your account number
• Then Enter amount you want to pay
• Enter your secret PIN number
• Confirm transaction and send

Note: The transaction reflects in your statement immediately after the transaction.

Using M-PESA (Safaricom) Money Transfer for Employers

• Upload the remittance schedule
• Generate the E-Slip
• Go to the M-PESA menu and click on Lipa na M-PESA, then Paybill
• Enter 200800 as the business number
• For the account details, enter the generated E-Slip number as the account number
• Enter your PIN number
• You will receive a confirmation message for payment

Note: The transaction will reflect in the employer statement and posted to individual loanee statements.