Helb loan application form questions and their answers

1.What is a Loan?*
A loan is a sum of money borrowed to be repaid with interests as per terms and conditions given by the lender.

2.How does one access the HELB Loan?*

To access the HELB loan, one must make an application and submit the same for processing.

3.Must one apply for a HELB Loan?*

It is not compulsory to apply for a HELB loan if one has alternative sources of financing their education. Only apply for the loan if you need financial assistance during your studies.

4.Who qualifies to apply for a HELB loan?*

A government sponsored or privately (self) sponsored student in a recognized institution of Higher Learning can apply for HELB loan at any stage of their academic program as long as they are within their allowable loans for course duration.

5.I am below 18 years, Can I access HELB Loan?*

Until I am 18 years of age and holder of a KENYAN NATIONAL ID card, I CAN NOT access HELB Loan. The loan is a legally binding agreement between HELB and the applicant. I cannot use another person’s National ID to apply for the loan because it is illegal.

6.What do I do if I am unsatisfied with my previous loan award?*

If not satisfied with loan award, I may appeal/ request for review of my loan award if amount sought is within the applicable loan limit.

7.How much is charged as loan Interest?*

HELB offers Undergraduate direct entry, TVET and Afya Elimu loans which are repayable at an interest rate of 4% p.a.

8.The following is a list of expenditures. Which one is applicable on how HELB loan should be utilized?*

9.A loaneee has the following obligations, which one is NOT true*

10.Which one of the following statements is False?*