Alternative loans comprise of Postgraduate (Masters & PhD) and
Undergraduate loans for salaried applicants loans. This category of
loan was introduced in the year 2000/2001 (PG) 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 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- Kshs: 60,000 – 200,000.00;
Masters -Kshs: 60,000 – 200,000.00;
CE -Kshs: 60,000 – 100,000.00;
Minimum Requirements1) Repaying or Repaid UG and previous PG loans if
a beneficiary
2) 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 and Repayment period
12% per annum ; 48 months
Required Documents1) Copy of letter of admission to the university
2) Certified copy of last acquired certificate
3) Certified copy of ID
4) Certified copies of two salaried guarantors' IDs
5) Certified copy of PIN card
6) Certified copies (by employer) of the latest three months pay slips
7) Recent colored passport size photograph
8) 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.
Go to
http://www.helb.co.ke/helb-products/loans/alternative-loans/ to Apply.
Bless!
Undergraduate loans for salaried applicants loans. This category of
loan was introduced in the year 2000/2001 (PG) 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 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- Kshs: 60,000 – 200,000.00;
Masters -Kshs: 60,000 – 200,000.00;
CE -Kshs: 60,000 – 100,000.00;
Minimum Requirements1) Repaying or Repaid UG and previous PG loans if
a beneficiary
2) 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 and Repayment period
12% per annum ; 48 months
Required Documents1) Copy of letter of admission to the university
2) Certified copy of last acquired certificate
3) Certified copy of ID
4) Certified copies of two salaried guarantors' IDs
5) Certified copy of PIN card
6) Certified copies (by employer) of the latest three months pay slips
7) Recent colored passport size photograph
8) 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.
Go to
http://www.helb.co.ke/helb-products/loans/alternative-loans/ to Apply.
Bless!
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