HELB Jielimishe Loan Application Form: A Guide for Salaried Individuals

In Kenya, the government provides various forms of support for higher education, including student loans through the Higher Education Loans Board (HELB). One such loan offered by HELB is the Jielimishe Loan, explicitly designed for salaried individuals seeking to pursue further studies at the university level. This comprehensive guide will explore all the essential details about the HELB Jielimishe loan application form, including its features, eligibility criteria, the application process, and more.

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What is HELB Jielimishe Loan?

HELB Jielimishe Loan is a government-funded initiative to ease the financial burden on students pursuing higher education. The loan supports regular students and extends its benefits to salaried employees who wish to continue their studies while working. By offering this financial assistance, HELB ensures students can focus on academics without overwhelming financial pressures.

Features of HELB Jielimishe Loan

Before applying for the HELB Jielimishe loan, it is crucial to understand its features to make informed decisions. The loan comes with several attractive benefits, including:

1. Quick Loan Processing

HELB Jielimishe loan applications are processed efficiently, ensuring students and employees can access the funds they need promptly.

2. Competitive Interest Rate

The loan carries a competitive interest rate of approximately 10% per year, making it an affordable option for those seeking financial support for their education.

3. Flexible Repayment Periods

The loan offers flexible repayment periods, ranging from 12 to 48 months for most individuals. Public servants enjoy extended repayment periods of up to 72 months.

4. Convenient Monthly Check-off Repayments

Repaying the Jielimishe loan is convenient and easy, as monthly installments are deducted directly from the borrower's salary through the check-off system.

5. High Borrowing Limit

Qualified applicants can borrow up to 90% of their program fees, with a maximum loan amount of Kshs. 600,000.

6. Affordable Credit Life Insurance Policy

The loan comes with an affordable Credit Life Insurance Policy, providing additional financial security to the borrower and their family.

Requirements and Qualifications

Applicants must meet specific requirements and qualifications to be eligible for the HELB Jielimishe Loan. These include:

1. Admission Letter from a Recognized Institution

Applicants must possess an admission letter from a recognized Kenyan university or college indicating their acceptance into the desired program.

2. Certified Copies of Academic Certifications

Candidates must provide certified copies of their most recent academic certificates, attested by a commissioner of oaths.

3. Latest Three Months Payslips

Salaried individuals must submit their latest three months' payslips, certified by their employer.

4. Appointment Letter (For Contract Employees)

A copy of the appointment letter for a contract not less than two years is required for those employed on contract terms duly certified by the employer.

5. Certified Copy of National ID and KRA PIN

Applicants must present a certified copy of their National ID and KRA PIN, attested by a commissioner of oaths.

6. National ID of Two Employed Guarantors

Additionally, two employed guarantors must provide certified copies of their National IDs, attested by a commissioner of oaths.

7. Recent Colored Passport Size Photograph

A recent colored passport-size photograph of the applicant must be attached to the application.

Who Qualifies for the HELB Jielimishe Loan?

Once applicants meet the requirements and qualifications, they must ascertain whether they genuinely qualify for the loan. The government defines specific categories of employees eligible for the HELB Jielimishe loan, and they include:

1. Civil Service Workers

Civil service workers in various ministries, counties, the national police service, and the Kenya defense forces qualify for the loan.

2. Public Commissions Employees

Employees of public commissions, such as the Teachers Service Commission, JSC, PSC, CAJ, SRC, CRA, etc., are also eligible.

3. Parastatal Workers

Workers employed in organizations like KRA, NSSF, NHIF, NTSA, KWS, KFS, KPA, and others can benefit from the loan.

4. Public University Workers

Employees of public universities in Kenya are eligible for the HELB Jielimishe loan.

5. Selected Private Company Workers

Certain private companies are eligible to offer their employees the Jielimishe loan. To check eligibility, employees can inquire via email at [email protected].

How to Apply for the HELB Jielimishe Loan

All loan applications must be made through the official Jielimishe HELB loan portal. The loan repayment begins immediately after the funds have been disbursed to the learning institution. To ensure a smooth application process, follow these steps:

1. Create an account on the official HELB website, www.helb.co.ke.

2. Log in to your account and select the Jielimishe loan option.

3. Fill out the application form carefully, ensuring accuracy and completeness.

4. Print two copies of the alternative Postgraduate loan form.

5. Have the form appropriately filled, signed, and stamped by relevant authorities, and attach all necessary documents per the checklist.

6. Submit one copy of the duly completed form and certified copies of transcripts and certificates to the HELB Student Service Centre at Mezzanine 1, Anniversary Towers, Nairobi.

7. Retain one copy of the filled form for your records.

READ ALSO: HELB Loan Application: A Step-by-Step Guide to Apply Online

Conclusion

HELB Jielimishe Loan is a valuable financial resource that enables salaried individuals to pursue higher education while working. The loan's competitive interest rate, flexible repayment options, and high borrowing limit make it attractive for those seeking to advance their careers and knowledge. By following the application guidelines and meeting the requirements, aspiring students can unlock the path to a brighter future with the support of HELB Jielimishe Loan.

FAQs:

1. What is the interest rate for HELB Jielimishe Loan?

   • The HELB Jielimishe Loan carries a competitive interest rate of approximately 10% annually.

2. Can I borrow up to the full amount of my program fees?

   • Qualified applicants can borrow up to 90% of their program fees, capped at a maximum of Kshs. 600,000.

3. Can contract employees apply for the Jielimishe loan?

   • Yes, contract employees can apply for the HELB Jielimishe Loan by providing a copy of their appointment letter for a contract not less than two years.

4. How do I apply for the Jielimishe loan?

   • All applications must be made through the official Jielimishe HELB loan portal at www.helb.co.ke.

5. What is the repayment period for the Jielimishe loan?

   • The loan offers most individuals flexible repayment periods of 12 to 48 months. Public servants enjoy extended repayment periods of up to 72 months.

6. Who qualifies for the HELB Jielimishe Loan?

   • Employees in civil service, public commissions, parastatals, public universities, and selected private companies are eligible for the loan.