Afya Elimu Loan by HELB Application Form: Kenyan students enrolled in courses approved by the Medical Training Colleges and applying for the loan for the first time. Applicants should access and fill the 2023/2024 First Time Afya Elimu Fund Loan Application Form(LAF) from the HELB website www.helb.co.ke Afya Elimu Loan The Afya Elimu Fund is a […]
In July 1995, the Government through an act of Parliament established the Higher Education Loans Board (HELB) to administer the Student Loans Scheme. In addition, the Board is also empowered to recover all outstanding loans given to former university students by the Government of Kenya since 1952 through HELF and to establish a Revolving Fund from which funds can be drawn to lend out to needy Kenyan students pursuing higher education.
- HELB Compliance Certificate
- HELB Waiver and Interest Rate
- HELB Application 2018
- HELB Application Deadline and Status 2018/2019
- HELB Account Creation and Registration
- HELB Student Portal
The Higher Education Loans Board offers loans for undergraduate, postgraduate and Tertiary studies. It also offers scholarships and bursaries to the very needy students. All applications for financial assistance are done online on www.helb.co.ke.
HELB Loan 101
Visit www.helb.co.ke to access the following services online:
1. Loan status
2. Loan statement
3. Compliance Certificate Or visit the Google play store to download the HELB App today
Q: How often do you send Loan statement?
A: To know your loan status visit our website: www.helb.co.ke
Q: What are the modes of repayment?
A: Check off system, Credit card, Standing order, Cash/cheque deposits to HELB Account. See payment options above or visit www.helb.co.ke
Q: How do I pay my loan from abroad?
A: you can pay online using “WAVE”. Please refer to payment options above
Q: What happens if I default?
A: You will be penalized. For each month that remains unpaid you pay a fine of not less than KES. 5,000
Q: Can I clear in one installment?
A: Yes, without any extra charges.
Q: Why charge ledger fees?
A: For administration of your loan account.
Q: What happens when I clear my loan?
A: You will be issued with a certificate of clearance.
Q: What happens if I overpay?
A: HELB shall refund the overpayment.
Q: How long does it take to get a refund?
A: A maximum of one month
Q: What if I die before clearing the loan?
A: Your next of kin is required to contact HELB
Q: What happens if I change employers?
A: Inform HELB and get new repayment plan.
Q: Loans are not recoverable after six years. Is it applicable in your case?
A: No. HELB is governed by an Act of Parliament that dictates loan recovery.
Q: Can interest be waived for Muslims?
A: Not at the moment. However, HELB is keen to introduce Shariah Compliant Products in the future
Q: Do you repay the loan if you are on probation?
A: Yes. The loan is due for repayment upon completion of studies or when HELB recalls the loan, whichever is earlier.
Q: How do you determine the monthly deduction rate?
A: Undergraduate loan are repaid within 120 months upon completion of studies while loans for salaried students are repaid within 48 months upon disbursement. Other loans have specific repayment period. Please refer to loan agreement form or contact HELB on firstname.lastname@example.org.
Q: Payslip balance does not tally with that in HELB statement.
A: Payslip balance includes both accrued and projected interest. HELB statement balance only includes accrued interest.
Q: My payslip balance reads zero, does that mean I have cleared loan repayment?
A: Not necessarily. Please confirm with your loan statement and seek clearance from HELB.
Q: Does my employer need authority from me to make loan deductions?
A: Like any other statutory deduction, authority is derived from the law (HELB Act 1995)
Q: Can I instruct my employer to start deductions without first consulting HELB?
Q: My employer stopped deductions from my pay, that’s not my mistake.
A: Loan repayment is your responsibility. Please keep track of your repayment until completion.
Q: What happens if an employer does not remit the deductions made?
A: A penalty 5% of per month is charged on the employer for every deduction that remains unpaid.
HELB Compliance Certificate
Check the latest information guide on HELB Compliance Certificate 2023 For Beneficiaries and Non-beneficiaries. How do I get a HELB compliance Certificate? Certificate of Compliance for non-loanees or loanees who are consistently repaying are available on www.helb.co.ke How do I get a HELB compliance Certificate? Beneficiaries will be issued with a compliance Certificate upon request at no fee. […]
HELB Waiver and Interest Rate
HELB Waiver and Interest Rate 2023/2024. Every year Higher Education Loans Board (HELB), may change or review the Waiver and Interest Rate. The HELB updated the Penalty Waiver and Interest Rate from time to time. HELB Waiver 2023 Offer! 100% Penalty Waiver! HELB is happy to offer you 100% waiver on the outstanding penalties on your […]