Jielimishe HELB Loan Application Process
HELB’s Jielimishe Loan is a great option for employed students pursuing various degree programs in Kenya. This loan is designed to help salaried students pay their tuition fees and allow them to focus on their studies. The loan is paid directly to the approved institution of higher learning.
One of the best features of Jielimishe Loan is that the loan processing is quick. Applicants can expect to receive their funds quickly once they have been approved for the loan. Additionally, the interest rate of 10% per year is very competitive, and the repayment period is flexible, ranging from 12 to 48 months.
The loan also allows borrowers to pay in convenient and easy monthly check-off repayments. Borrowers can borrow up to 90% of their program fees, with a maximum loan amount of Kshs. 600,000. Furthermore, the loan comes with an affordable Credit Life Insurance Policy that provides additional security to borrowers.
To qualify for the Jielimishe Loan, applicants must have an admission letter from a recognized university/college in Kenya. They must also provide certified copies of their academic certificates, pay slips, national ID, and KRA PIN. They must also provide certified copies of national IDs from two employed guarantors.
The Jielimishe Loan is available to employees in various sectors, including civil service, public commissions, parastatals, public universities, and selected private companies. To check if your company is eligible, you can email jielimishe@helb.co.ke.
It is important to note that loan applications are done online through the HELB website. Repayment of the loan starts immediately upon disbursement to the training institution.
CIVIL SERVANTS TRAINING REVOLVING FUND
HELB provides a variety of loans to help Kenyan students and civil servants finance their education. One of these loans is the Civil Servants Training Revolving Fund, which is specifically for civil servants in the national government, county governments, and national police service.
The loan is offered in collaboration with the Ministry of Public Service, and it ranges from Kshs. 30,000 to Kshs. 500,000 at a competitive low-interest rate of 4% per year.
The loan is primarily used to finance examinable short courses of at least three (3) months and postgraduate studies, including Masters and PhD. The repayment period is flexible, ranging from 12 to 72 months (6 years), and is done through check-off.
How To Apply
To apply for the loan, you need an admission letter from a recognized university or training institution in Kenya, a course recommendation letter from your employer, a copy of your 3-month latest payslip (certified by your employer), a certified copy of your national ID (certified by a commissioner of oaths), a certified copy of your KRA PIN (certified by a commissioner of oaths), a certified copy of the national ID from two guarantors employed within civil service (certified by a commissioner of oaths), and a recent colored passport size photograph of the applicant.
Civil servants in the national government, parliamentary service commission, judicial service commission, county governments, and national police service pursuing postgraduate studies are eligible to apply for the loan. To apply online visit www.helb.co.ke.
The Civil Servants Training Revolving Fund loan is a great opportunity for civil servants to finance their education and advance their careers. It has a competitive low-interest rate, flexible repayment periods, and a relatively easy application process.
KRA Staff Training Revolving Fund (Jielimishe HELB Loan Application)
The Kenya Revenue Authority (KRA) is a government agency responsible for collecting revenue on behalf of the government of Kenya.
In an effort to improve the skills and knowledge of its employees, the KRA offers a training revolving fund to enable its staff to pursue further studies in their areas of expertise.
The KRA staff training revolving fund is a loan facility that allows KRA employees to borrow up to Kshs. 500,000 at a low-interest rate of 4% per year.
The loan covers tuition, library, computer and research, and examination fees. It also offers flexible repayment periods of 12-40 months, with convenient and easy monthly check-off repayments. One can apply the Loan online through the HELB student portal.
To qualify for the loan, KRA employees need an admission letter from KESRA or a recognized university or training institution in Kenya.
Application process
The loan application process requires a course recommendation letter from the KRA HR office, a copy of three months latest payslips certified by the employer, a certified copy of national ID, a certified copy of KRA PIN, certified copies of national IDs from two guarantors employed within KRA, and a recent colored passport size photograph of the applicant.
KRA employees pursuing Certificate, Diploma, Undergraduate or Postgraduate studies at KESRA or a recognized Kenyan university are eligible for this loan.
The loan repayment is due one month after disbursement through a monthly check-off system from the employer’s payroll for a maximum period of 72 months (6 years).
An applicable interest rate of 4% per year. Helb charges an annual ledger fee of Kshs. 1,000 on the loan.
In conclusion, the KRA staff training revolving fund is an excellent opportunity for KRA employees to pursue further studies and improve their skills and knowledge.
With a low-interest rate, flexible repayment periods, and an easy application process, KRA employees can access up to Kshs. 500,000 to finance their education.
Jielimishe HELB Loan Application Process