The helb loan application process may seem tedious but it isn’t. The Higher education loans bard (HELB) was ostensibly established so as to enable bright but needy Kenyan University students pursue higher education. The loans are charged at favorable market rates and are repaid once the graduate completes university. The maximum amount that one can get from help varies depending on the financial ability of the student. Helb mainly serves the regular public university students although in recent years, privately sponsored students have started applying for the loans. Private university students as well as postgraduate students have also started applying for the helb loans.
The helb loan application process is fairly easy and straight forward. Once one is admitted to a regular program in the public universities, they will be sent helb forms (together with the admission letter) which they will then fill the appropriate details. The helb forms can also be downloaded online. Some of the details will need to be corroborated by a respected elder from the region where the applicant stays in. Such elders can be church elders, chiefs, local headmaster/principal or the DO. The helb forms will then be sent together with the application forms. More than 90% of applicants receive some form of financial aid by helb. The loan is awarded for one year and the applicant will need to reapply for the subsequent years. However, it is very rare that an applicant will be denied a loan once they get it in their first/freshman year.
The repayment period for the loan has been shortened in recent years. Loan recipients now have a much shorter time in which to start repaying the loans once they have graduated. Helb has liaised with the credit Bureau Africa (CBA), a credit rating firm, to profile the database of loan applicants. This means that it may be harder for you to obtain a loan from a Kenyan bank/financial institution if you actually defaulted on the helb loans.
No comments:
Post a Comment