HELB TVET Loans Application, Loan Amounts, Deadlines, and Subsequent Application 2024

Are you a student in Kenya dreaming of furthering your education but worried about the financial burden? Fear not! The Higher Education Loans Board (HELB), a beacon of hope since 1995, is here to light your path. HELB has been empowering Kenyan students by providing affordable loans, bursaries, and scholarships, particularly for those diving into the dynamic world of Technical and Vocational Education Training (TVET). In this comprehensive guide, we'll unravel the mysteries of HELB TVET loans – covering everything from the application process to loan amounts, critical deadlines, and insights into subsequent applications. So, buckle up and let's embark on this enlightening journey together, making your educational aspirations a reality!

Understanding HELB and TVET Loans

What is HELB?

Established in July 1995 by the 'Higher Education Loans Board Act' Cap 213A, HELB stands as a pivotal pillar in the Kenyan education system. Operating under the Ministry of Education, this statutory body is guided by a mission to provide sustainable financial aid to Kenyan students seeking higher education. HELB's vision? Achieving universal financing for higher education in Kenya. Governed by a Board of Directors and steered by a CEO and Board Secretary, HELB is more than just a funding entity; it's a dream enabler for countless students.

Overview of TVET Loans

Delving into the realm of TVET (Technical and Vocational Education Training) loans, we find a world of opportunities for Kenyan students. These loans are specifically tailored for those pursuing courses in National Polytechnics, Technical Training Institutions, and Vocational Colleges. They're not just loans; they're stepping stones to a brighter future, enabling students to cover expenses like tuition, books, and even accommodation.

Eligibility for HELB TVET Loans

When it comes to eligibility, HELB ensures inclusivity. If you're enrolled in an approved TVET course and seeking your first student loan, you're in luck. But what if you've already tapped into this resource once? No worries! Subsequent applicants aren't left out. However, it's not just about applying. It's about preparing - gathering necessary documents, understanding the process, and meeting the criteria. Whether you're a first-timer or a returning applicant, HELB's doors are open, waiting for you to step through.

Applying for a HELB TVET Loan as a First-Time Applicant

If you're a first-time applicant seeking financial assistance for your TVET education, follow these steps to apply for a HELB TVET loan:

Step 1: Visit the HELB Website

• Visit the HELB website at www.helb.co.ke or hef.co.ke to access the Student Portal.

Step 2: Register for an Account

• Click on the "register" option to create an account.
• Enter your National ID number. If you don't have a National ID, use your KCSE Index number.
• Provide a valid email address and password, then click "register."
• Check your email (Inbox or Spam/Junk) for an activation link and activate your account.

Step 3: Verify Your Phone Number

• Enter a valid telephone number where a verification code will be sent. If the code expires, click the resend button.
• Fill in your profile and update your biodata.
• Give consent to collecting your data by reading the consent form and ticking the checkbox to agree with the terms of use.
• Fill in your details and save to continue.

Step 4: Submit Your Loan Application

• Submit your scholarship/loan request after completing all required details.
• Consent to processing your data by accepting the loan terms and conditions.
• Update your guarantor details.
• Provide loan payment information, such as bank or mobile payment details.
• Finally, submit your loan application.

Please take note of the data privacy statement on the consent form and ensure that you understand why your data is being collected before giving your consent. HELB loans should be prudently managed to cover tuition, books, stationery, accommodation, and subsistence.

Application Requirements

To complete your TVET loan application, make sure you have the following documents and information:

• A valid email address (for the student).
• A valid telephone number (must be registered in your name to apply for a loan).
• KCPE and KCSE index numbers and year of examination.
• Passport-size photo.
• Copy of your National ID (for loan application).
• College/University admission letter.
• Your parents' registered telephone number.
• Your parents' National ID number.
• Death certificate (if any of your parents is deceased).
• Your birth certificate.
• Two guarantors' ID numbers and registered telephone numbers (can be your parents).
• Copy of the sponsorship letter if you were sponsored in secondary school.

Application Process for Subsequent Applicants

Already had a taste of HELB's support and coming back for more? The process for subsequent applicants has its unique flavor:

The HELB mobile app provides a convenient way to apply for HELB loans, including subsequent TVET loans. Here's a step-by-step guide on how to use the app:

First Step: Registering Your Details

1. Go to the Google Play store and search for the HELB app.
2. Download and open the app.
3. Enter your mobile number to receive a one-time verification code via SMS and email.
4. Create a 4-digit PIN for the app.
5. Enter your first name as it appears on your ID card, number, and email address.
6. Ensure you use the same email address used during registration.
7. The system will populate your other details, including your full name, KRA PIN, school, course, and year of study.

Second Step: Applying for HELB Subsequent TVET Loan

1. Open the HELB mobile app and enter your 4-digit PIN.
2. Navigate to the loans section and select "Undergraduate loans."
3. Choose the appropriate loan option for your program (e.g., "Undergraduate (UG) Second Subsequent Loan" for degree students or "TVET Subsequent Loan" for diploma and certificate students).
4. Verify and update your details as needed.
5. Submit your application.

• Important Dates: Mark your calendars! The application window usually opens in September and concludes on 30 September. Timing is crucial to ensure your application sails through smoothly.

HELB TVET Loan Amounts and Disbursement

Determining Loan Amounts

Wondering how much financial support you can get? HELB TVET loans offer a range that caters to your educational needs. For first-timers and subsequent applicants alike, the amount varies, influenced by factors such as the level of education and specific needs. It's tailored to support expenses like tuition and books, ensuring that your focus remains on learning, not on financial stress.

Loan Disbursement Process

Once your loan is approved, how do you get the funds? HELB has streamlined this process:

• Tuition Funds: Directly sent to your school account, easing your tuition payment worries.

• Upkeep Funds: Credited to your personal account. Remember, an active bank account is your gateway to accessing these funds.

• Staying Informed: HELB keeps you updated through SMS and email notifications, so you're always in the loop about your loan status.

Navigating the financial aspects of your education doesn't have to be daunting. With HELB's structured disbursement process, you're equipped to focus on what truly matters – your education

Deadlines and Key Information

Important Deadlines for Loan Applications

Timing is key when applying for HELB TVET loans. For the academic year 2023-2024, remember, the clock ticks until 30 September 2023. This date is your deadline, a line in the sand, for both first-time and subsequent applicants. Mark it on your calendar, set a reminder, do whatever it takes to not miss this date. Early birds get the worm, and in this case, early applicants avoid last-minute hassles.

Additional Essential Information for Applicants

Once your application is in, how do you keep track? It's simple:

• Checking Loan Disbursement Status: Log in to your HEF portal via the HELB App or USSD to stay updated. HELB ensures you're informed with SMS alerts through SurePay.

• Loan Repayment and Interest Rates: Remember, the financial journey with HELB doesn't end with receiving the loan. Understanding your repayment obligations is crucial. With a nominal interest rate of 4%, planning your finances post-study becomes easier.

Armed with this key information and keeping an eye on deadlines, you're set to navigate the HELB TVET loan process with confidence and ease.

READ ALSO: HELB Contacts, Customer Care, Phone Numbers, Email, and Physical Offices

FAQs

1. What are the eligibility criteria for HELB TVET loans?

   • Eligibility includes being enrolled in an approved TVET course, either as a first-time or subsequent applicant.

2. How can I apply for a HELB TVET loan as a first-time applicant?

   • Visit the HELB website, register an account, verify your phone number, and submit your loan application with the required details.

3. What documents are required for HELB TVET loan application?

   • Necessary documents include a valid email and phone number, KCPE and KCSE index numbers, National ID, admission letter, parents' details, and guarantors' information.

4. How much can I get as a HELB TVET loan?

   • Loan amounts range based on need, with a minimum of Ksh 37,000 and a maximum of Ksh 60,000.

5. When is the deadline for HELB TVET loan applications?

   • For the 2023-2024 academic year, the deadline is set for 30 September 2023.

Final Thoughts

The journey to higher education can often be challenging, but with institutions like HELB, financial barriers become more manageable. If you're a student in Kenya or know someone who is, understanding the HELB TVET loan application process can be a game-changer. With a vision of universal financing and a strong track record, HELB continues to champion the dreams of millions. So, why wait? Dive in and explore the opportunities HELB offers, and remember: education is an investment in the future, and with the right financing, the sky's the limit!