Last updated on February 3, 2021 by ASWP_Editor

HELB Waiver and Interest Rate

HELB Waiver and Interest Rate 2021/2022. 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 2021

Offer! 100% Penalty Waiver! HELB is happy to offer you 100% waiver on the outstanding penalties on your loan account.
Check your current HELB Waiver and Interest Rate. To do it, applicants must log in into HELB Student Portal.
Look at the top main menu Under “Online Services” -> Click on “Penalty Waiver“.
Finally, you will see you current “Helb penalty waiver 2018” status.

How to check HELB Waiver 2018 — helb penalty waiver 2018

HELB Interest Rate 2021

*The product catalogue is updated from time to time. Please visit www.helb.co.ke for more information. Students are advised to exercise financial discipline and desist from diverting HELB funds for other uses as the loan is designated to be used for.

The Government of Kenya subsidizes the actual cost of interest on student loans, the rate of interest charged is relatively lower as compared to commercial loans. This interest is indicated on the loan agreement form. Other charges include:

• Ledger (Administrative) Fee
• Penalties charged for non-repayment of student loan
• Insurance for specific loan products

Undergraduate Loan-Direct Entry

Interest Rate Per Year: 4%
Study Level: Undergraduate
Target Group: All Kenyan direct entry undergraduate students

Continuing Education Loan (Salaried Students)

Interest Rate Per Year : 12%
Study Level: Undergraduate, Masters & PhD
Target Group: All Kenyan students employed in compliant companies in Kenya.

TVET Loan

Interest Rate Per Year : 4%
Study Level: Certificate & Diploma
Target Group: All Kenyan Diploma & Certificate students enrolled in TVETA & KATTI registered Colleges

Public Service Training Revolving fund

Interest Rate Per Year : 4%
Study Level: Masters & PhD
Target Group: Civil service employees

Afya Elimu Fund

Interest Rate Per Year : 4%
Study Level: Certificate & Diploma
Target Group: All Kenyan students enrolled in Medical Training Colleges

Afya Elimu Fund

Interest Rate Per Year : NILL
Study Level: Masters & PhD
Target Group: All Kenyans.

Bursaries for needy undergraduate and TVET students

Interest Rate Per Year : NILL
Study Level: Certificate, Diploma and Undergraduate
Target Group: All Kenyan direct entry undergraduate students and All Kenyan Diploma & Certicate students enrolled in TVETA & KATTI registered Colleges

County & Constituency Education Funds

Interest Rate Per Year : 4%
Study Level: TVET & Undergraduate
Target Group: Kenyans from the sponsoring county or constituency

Partnership FundsFunds

Interest Rate Per Year : 4%
Study Level: Certificate, Diploma & Degrees
Target Group: Dependent on partner requirements

For more details on charges please visit our website www.helb.co.ke. Loan statements can be viewed from our website www.helb.co.ke. In case of any further clarification on your loan
the statement, kindly email contactcentre@helb.co.ke

See also