HELB Student Portal Subsequent Loan Applications For 2023: Application, Deadline, Loan Status And More

Are you a student in Kenya eager to secure your HELB subsequent loan for the upcoming academic year? Have you benefited from a HELB loan in the past and are now seeking guidance on how to reapply? In this comprehensive guide, we'll walk you through the process of applying for the HELB Subsequent Loan 2023 and provide you with essential information to ensure a seamless application experience. Whether utilizing the HELB Mobile App, the USSD code, or the Student Portal, we've got you covered with step-by-step instructions. Let's dive in and equip you with the knowledge you need to successfully secure your subsequent HELB loan.

What is HELB: A Brief Overview

The Higher Education Loans Board (HELB), established in 1995, serves as a crucial pillar in Kenya's education sector. This statutory body provides financial assistance to eligible Kenyan students pursuing higher education in universities, colleges, and TVET institutes. Through a combination of loans, bursaries, and occasional scholarships, HELB strives to make quality education accessible to all deserving students.

Applying for HELB Subsequent Loan 2023: Your Comprehensive Guide

Applying for the HELB Subsequent Loan 2023 may initially appear overwhelming, but fear not! We're here to break down the process into manageable steps and guide you through various application methods. Whether you're a second-time applicant or seeking your third or fourth subsequent loan, the following procedures are at your disposal:

Method 1: HELB Mobile App

The HELB Mobile App presents an efficient and user-friendly way to submit your subsequent loan application. Here's how to navigate the process:

1. Download and Register on the App: Download the HELB Mobile App from the Google Play Store. After installation, provide your mobile number for a one-time verification code. Create a 4-digit PIN and enter your accurate personal information.
2. Initiate Your Loan Application: Access the app, input your PIN, and head to the "loans" section. Choose the loan type, agree to the financial literacy form, update your details, and submit your application. A confirmation notification will follow.

Method 2: HELB USSD Code (642#)

For those who prefer an alternative method, the USSD code offers a convenient way to apply for your subsequent loan. Here's how it works:

1. Dial *642#: On your mobile phone, dial *642# and follow the prompts.
2. Select Loan Application: Opt for the loan application option and proceed to select the Subsequent Loan.
3. Accept Loan Terms: Indicate your agreement with the loan terms by selecting the appropriate option.
4. Verify Phone Number: Verify your phone number and make a nominal payment of Kshs. 1 using your ID number as the account number.
5. Complete Application: After verification, continue the application process and finalize your submission.

Method 3: HELB Student Portal

The HELB Student Portal offers an online platform for managing loan applications and payments. Here's how to utilize this method:

1. Access the Portal: Log in to the HELB Student Portal using your credentials.
2. Navigate to Loan Application: Locate the loan application section and select "Subsequent Loan."
3. Provide Required Details: Follow the prompts to input the necessary details accurately.
4. Submit Application: Complete the application form and submit it through the portal.

The HELB Subsequent Loan: Eligibility and Requirements

To qualify for the subsequent HELB loan, applicants must meet specific requirements.

1. Be a Kenyan citizen.
2. Enrolled in an accredited university, college, or TVET institute.
3. I have previously applied for and received a HELB loan.
4. Remember, this guide does not apply to first-time applicants.

Key Takeaways for Successful HELB Subsequent Loan Application

• Ensure accurate and up-to-date personal information to avoid application errors.
• Always accept loan terms and adhere to financial literacy requirements.
• Application deadlines and eligibility criteria should be closely observed.
• Keep track of your application by noting the loan serial number provided upon submission.

Applying for Scholarships, Bursaries, and Loans Through HEF

The Higher Education Financing (HEF) portal now accepts applications for scholarships, bursaries, and loans for university students. Government scholarships and loans are accessible for university students, starting from the academic year 2023/2024 onwards.

Students who enrolled in university before 2023 can continue to use the previous government funding and HELB loan application system. Grants and scholarships will be granted based on the student's financial circumstances, similar to how it has been done with HELB loans.

Types of Loan Application

There are two types of undergraduate loan applications:

1. First-Time Application: This is for applicants applying for the first time.
2. Second & Subsequent Application: This is for applicants applying for the second, third, or fourth time as per the program duration.
3. Note: The number of loans one is eligible for depends on the program duration. For example, one is given a loan 4 times for a 4-year program or 5 times for a 5-year program.

How to apply for a HELB Loan as a First Time Applicant

1. Visit our website, www.helb.co.ke, to access the Student Portal and click "create an account" to register.
2. Once the account is created, log in and select the appropriate Undergraduate First Time Loan Application Form [LAF].
3. Read the literature or view the videos on Financial Literacy and participate in the brief exercise online.
4. Access and fill out the loan application form.
5. Print TWO copies of the duly filled Loan Application Form [Mandatory].
6. Have the relevant authorities appropriately filled, signed, and stamped the forms.
7. Attach all the documents as per the checklist and present one copy of the duly filled Loan Application Form
8. 8. Retain a complete copy of the Loan Application Form [This is mandatory].

Application Deadline:

• Undergraduate Scholarship, Loan & Bursary (First Time Application): 6 September 2023
• Undergraduate Loan (Subsequent Application): 30 September 2023

READ ALSO: How to Pay HELB via Mpesa: A Comprehensive Guide

Final Thoughts

Navigating applying for the HELB subsequent loan for 2023/2024 can be a smooth journey with the proper guidance. Whether you opt for the HELB Mobile App, the USSD code, or the Student Portal, following the provided steps diligently is paramount. Remember, the subsequent loan is designed to support your educational aspirations, making your academic journey financially viable. Don't miss the opportunity to secure your financial aid – apply for your subsequent HELB loan today and ensure a bright higher-education future.

Frequently Asked Questions (FAQs)

Who is eligible for the subsequent HELB loan? 

To qualify, you must be a Kenyan citizen, enrolled in an accredited university, college, or TVET institute, and have previously received a HELB loan.

What are the application methods available?

 You can apply through the HELB Mobile App, USSD code (*642#), or the HELB Student Portal.

What documents do I need for the application? 

You'll need accurate personal details, including your national ID, KRA PIN, university details, and academic information.

Can I apply for the subsequent loan if I'm a first-time applicant? 

No, this guide is specifically for second-time and subsequent applicants who have already benefited from HELB loans.

What is the maximum loan amount for the subsequent loan? 

The maximum amount awarded for the Undergraduate Loan is Kshs. 60,000.

Is there a deadline for the subsequent loan application? 

Yes, the application deadline for the subsequent loan is 30 September 2023 for eligible applicants.

Disclaimer

The information in this article serves as a comprehensive guide for applying for the HELB subsequent loan for 2023/2024. While every effort has been made to ensure accuracy, individual circumstances may vary. Always refer to official HELB sources for the most up-to-date information and guidelines.