Print This Page Email This Page

HELB PRODUCTS

Each product has an application form

[accordion] [spoiler title="Loans for Direct entry students (DES)"] These are for students joining public or private universities within the East African Community directly from high school either through the joint admissions board (JAB) or as self-sponsored. Amounts awarded range between 35,000 minimum and 60,000 maximum based on the level of need. The loan attracts interest of 4% P.a and the students are required to repay their loans on completion of their studies. Students are advised to apply at least one month before the opening date to allow ample time for processing and remittance. The application period is January to July every year. [/spoiler] [spoiler title="Undergraduate Bursaries"] HELB awards bursaries to extremely needy undergraduate students who benefit from loans for direct entry. Orphans, students from single parent families and others who come from poor backgrounds will be given priority for the bursaries. There is no separate application for this bursary but qualification for it depends on the information provided on the direct entry form. [/spoiler] [spoiler title="Scholarships"]HELB awards scholarships to postgraduate students pursuing their Masters or Doctoral studies. The award is based on academic merit. Scholarships are allocated to universities every year, based on the population of their student. The application period is April to July Applicants are required to pay a processing fee of kshs 3,000[/spoiler]

[spoiler title="Tivet Bursaries"] Students studying Diploma and certificate courses in Public universities, university colleges, public national polytechnics and Institutes of Technology and Technical Training institutes country-wide are eligible for this bursary. Orphans, single parent students and others who come from poor backgrounds will be given priority for the bursaries. The application period is January to April every year. [/spoiler] [spoiler title="Visa oshwal scholarships"]

Oshwal aid in association with Higher education Loans Board (HELB) offers scholarships to direct entry university students. The scholarships will funds 20 students for the total tenure of study. For undergraduate degree programme. The fund supports needy entrants in local universities to a maximum of kshs 100,000 per annum. The application period is July to August every year.

[/spoiler] [spoiler title="Alternative Loans"]

Alternative loans comprise of postgraduate (masters & phd) and continuing education (Undergraduate for salaried applicants) loans. This category of loan was introduced in the year 2000/2001 (postgraduate) and 2008/2009 (CE).It runs as a commercial window targeting students who are able to repay their loans while studying, thus allowing the Board to generate some income from application fees and interest charged to build and maintain a sustainable revolving fund. The loans are evaluated and awarded on the basis of the loanees’ ability to pay while studying at an interest rate of 12% p.a and repayable in 48months.

Awards (per year) Phd- Maximum of  Kshs: 150,000.00;Masters -Maximum of  Kshs: 120,000.00;CE -Maximum of  Kshs: 50,000.00;
The requirements to qualify for the alternative loans 1) Repaying or Repaid UG and previous PG loans if a beneficiary2) Ability to pay while studying based on the one third rule of basic salary as per the Employment Act.3) Meet all the requirements as indicated in the online form
Loan Interest Rate: 12% per annum
Current Monthly Repayment Rates and repayment period: Estimated monthly rate per disbursement for 48 months:UG-Kshs   1, 500 .00MASTERS-Kshs    3, 500.00PHD-Kshs  4, 500.00
Documents required to be attached to the form before submission 1)   Copy of letter of admission to the university2)   Certified copy of last acquired certificate3)   Certified copy of ID4)   certified copies of two salaried guarantors’ IDs5)   Certified copy of PIN card6)   Certified copies (by employer) of the latest three months pay slips7)   Recent colored passport size photograph8)  Letter of  appointment (contracted applicants only)(1-5 should be certified by an advocate and 6-9 by employer)
How to apply for the loan Application is done online
[/spoiler] [spoiler title="Training Revolving Fund"]

The Training Revolving Fund (TRF) was introduced as part of the efforts by the Government of Kenya to assist Public Servants access funds at subsidized interest rates for training in order to enhance knowledge and skills considered critical for performance improvement and achievement of National development goals. The product is administered by Higher Education Loans Board in partnership with the Ministry of State for Public Service and was introduced during the year 2011/2012.

Awards (In Kenya shillings) Minimum : 30,000.00 Maximum: 500,000.00
Cover for long courses(Paid to training institutions directly) Local Trainings onlyTuitionExaminationLibraryComputerResearch
Cover for Short Courses (examinable-3 months)(Paid to training institutions directly) Technical & Professional courses
Eligibility Applicants should:Commence studies the same financial yearAbility to pay while studying based on the one third rule of basic salary as per the Employment Act.Avail a letter of admission from a recognized training institutionHave completed one year after completion of probationHave completed two years after completion of a long courseRepaying or Repaid HELB loans if a beneficiaryCourse applied for must:Be relevant to officer’s duties

Have been identified as critical

 

Documents

Duly filled loan forms

Certified National ID. copies

Current pay slip

Admission letter

Recommendation letter from employer signed by accounting officer

Certified copies of guarantor’s ID’S

Mode of training

Designation of officer proceeding for training

Guarantors

Should be in the public service

 

Loan Interest Rate: 4% per annum
Current Monthly Repayment Rates and repayment period: Repayment period- up to 72 months
How to apply for the loan Application is done online
[/spoiler] [spoiler title="FUNZO kenya Scholarships and Loans"]

The Higher Education Loans Board (HELB) was established by an Act of Parliament, the Higher Education Loans Board Act, Chapter 213A of the Laws of the Republic of Kenya on the 21st day of July, 1995. This provided for the establishment of a Board for the management of a fund to be used for granting loans, Bursaries and scholarships to Kenyan Students pursuing higher education at recognized institutions within and outside Kenya.  The Board is further empowered to deal with any other matters incidental or connected to the granting of loans among them mobilization of resources. Under the establishing legal instrument the Board therefore has the power to establish links with persons within and outside Kenya as deemed necessary.  To this end, the Board entered into partnership with Intra Health Kenya with a view to enhancing access and equity to higher education specifically to health workers by way of granting them loans and scholarships. The Loans and scholarships target those already within the health sector workforce as well as those directly enrolled into approved institutions mandated in the training of health workers. The objectives of the program are:

To increase the production of new health workers in Kenya.

Promote quality and efficiency in delivery of health care.

To increase the pool of experts in different and specialized health fields.

Motivate and improve retention of health workers.

ITEM  CONDITIONS
Awards                           (In Kenya shillings) Up to: 150,000.00(Tuition paid to training institutions directly and upkeep directly to the student accounts)
Beneficiary Courses (Local Trainings only)CertificateDiplomaDegree NursingClinical MedicineLaboratory Technologists and TechniciansPharmacist and Pharmaceutical TechnologistsNutritionistsHealth Records Management and Information TechnologyPublic Health OfficersMedical,  Dental including oral health PractitionersCourses in cadres with critical shortage of skilled health workers
Eligibility                    (Pre-service Applicants) The applicant must:Be a Kenyan Citizen with a residential Status in KenyaDemonstrate financial need.Be a student in their 1, 2 or 3 yearMust provide copies of required supportive documentation:duly filled in application formKCSE certificate,national identification card,school leaving certificate,

most recent training institution academic report

current fee statement,

copy of letter of admission

Must commit to serve for at least 3 years in any county/districts, marginalized or hard to reach areas upon completion of their studies.

Be willing to abide by the bonding mechanism as set in the loan & scholarship program.

Must commit to abide by the loan repayment and monitoring procedures

provide academic progress reports and reference letters from the institution on a yearly basis to maintain funding for the ongoing period of study

Eligibility                    (In-service Applicants)Targets health workers in the public, private and FBO health facilities. Applicants should:Must have been in service for over three (3) years from the date of 1st appointment.Must be below fifty (50) years of age at the time of application.Must not be facing disciplinary action at the time of application or nomination.Apply for a course in the area of study relevant to the roles and responsibilities at their work station or needed in the health sector.Must show evidence of admission to a recognized and reputable college under the loan & scholarships area.Applicants in the public sector must agree to abide by the set Public Service Commission bonding mechanism upon graduation.Applicants in the private and FBO sectors must agree to abide by their respective organizations bonding mechanism.

The Applicant will be required to serve in their duty stations for a period of two years.

Must commit to abide by the loan repayment and monitoring procedures.

Is expected to provide academic progress reports and reference letters from the institution on a yearly basis to maintain funding for the ongoing period of study.

Course applied for must:

Be relevant to officer’s duties

 

Documents

Duly filled loan forms

Certified National ID. copies

Current pay slip

Admission letter

Recommendation letter from employer signed by accounting officer

Certified copies of guarantor’s ID’S

Mode of training

Designation of officer proceeding for training

Guarantors:  Should be in the service

Loan Interest Rate: 4% per annum for pre-service ;  12% per annum for In-service
Current Monthly Repayment Rates and repayment period: Repayment period- up to 72 months
How to apply for the loan/Scholarship Applicants should access and fill the application form from the HELB website  HYPERLINK “http://www.helb.co.ke” www.helb.co.kePrint a copy of the Application Form.Have the form properly filled, signed and stamped by the relevant authorities.Sign the form and attach all the necessary documents, as indicated.Submit the form at the Higher Education Loans Board Office.The Board will use the email and telephone contacts provided on the form for communication on the progress of your application.
[/spoiler] [/accordion]
Share