Helb Loan - How To Apply Alternative Loans (for salaried students)

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.
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Helb Loan - How To Apply Loans for Direct Entry Students (DES).

These loans 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
through July every year.
Management of HELB loans
Students are advised that the loans should be used mainly for:
*.Tuition,
*.Books and stationery,
*.Accommodation and subsistence.
Students are advised to desist from diverting the funds to leisure or
other family obligations.
Repaying your student loan
Undergraduate loan repayment starts within one year of completion of
studies or within such a period as the Board decides to recall the
loan whichever is earlier. However, you can make voluntary payments
before or after you complete your studies to reduce your loan balance.

You can click:

http://portal.helb.co.ke/auth/signin

To Apply.
Bless!