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12 requirements for helb application in kenya today

12 requirements for helb application in kenya today

This article is about requirements for HELB application in Kenya. Students are generally advise to apply at least a month before opening date. This gives HELB ample time to process loan applications. To apply for HELB loan, click here

  1. Valid email address for the candidate (Student)
  2. Valid phone number (must be registered in your name to apply for the loan)
  3. KCPE and KCSE number and exam year
  4. Passport size photo
  5. Copy of your National Identity Card (for loan application)
  6. College/university acceptance letter
  7. Your parent’s registered phone number
  8. Your parent’s national identification number
  9. Death certificate if one of your parents is dead.
  10. Your birth certificate. Identity number and registered phone number of two sponsors (maybe your parents) (for loan application)
  11. A copy of the letter of recommendation if you are approved in high school.

important points about helb loan

1. Loan Repayment Period

Term: HELB loans typically have a specific repayment period after the completion of the borrower’s studies. This period can vary based on the type of loan and the terms of the loan agreement.

2. Interest Rate

Term: HELB loans may accrue interest of 4% during the repayment period plus Kes 1000 ledger annually. The interest rate is determined by HELB and can vary over time.

3. Grace Period

Term: Some HELB loans may have a grace period, allowing borrowers to start repaying the loan after a certain period following their graduation. During the grace period, interest may or may not accrue.

4. Repayment Schedule

Term: Borrowers are required to follow a specific repayment schedule, which outlines the monthly or annual loan repayment amounts and due dates. This schedule is provided by HELB.

5. Loan Installments

Term: HELB loans are typically repaid in fixed installments over the repayment period. Borrowers must make regular payments as per the established schedule.

6. Penalties for Default

Term: Failure to make loan repayments as per the schedule may result in penalties or late fees. Defaulting on the loan can also affect the borrower’s credit rating.

7. Loan Consolidation

Term: In some cases, borrowers can request loan consolidation, which combines multiple HELB loans into a single loan with a new repayment schedule. This may make repayment more manageable.

8. Loan Forgiveness and Cancellation

Term: There may be provisions for loan forgiveness or cancellation in certain cases, such as if a borrower becomes permanently disabled, passes away, or experiences extreme hardship. Borrowers should check with HELB for specific conditions.

9. Impact on Credit Score

Term: Loan repayment history is reported to credit bureaus. Timely and consistent loan payments can positively impact a borrower’s credit score, while defaulting can have adverse effects.

10. Changing Contact Information

Term: Borrowers must keep their contact information updated with HELB to receive important loan-related notifications and information about any changes in loan terms.

11. Legal Consequences

Term: Failure to meet the loan’s terms and conditions can result in legal action, including litigation or garnishment of wages, to recover the outstanding loan amount.

For more information about HELB, visit their website

How to apply for HELB loan for the first time

How to apply HELB loan as a subsequent applicant

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How to apply for HELB compliance certificate