HELB Opens Loan Application Portal For Select Students; How to Apply
Bursary Description
The Higher Education Loans Board (HELB) has opened its portal for the Kenya Accountants and Secretaries National Examinations Board (KASNEB) students to access loans and bursaries.
In a statement on Monday, January 13, HELB disclosed that the KASNEB Foundation Loan and Bursary Scheme will offer financing to students pursuing KASNEB qualifications in the various accredited universities, colleges and other training institutions.
“The KASNEB Foundation Loan and Bursary Scheme is now open, offering support for both your tuition and exam fees. With attractive interest rates and flexible repayment periods,” HELB stated.
The loans board noted that the scheme will cater for KASNEB fees; registration, exam, renewal, exemption fees and tuition in KASNEB-accredited institution.
It further added that current KASNEB students and new students interested in pursuing KASNEB qualifications are eligible for the loans and bursaries.
HELB disclosed that the qualifications currently funded are Certified Public Accountants (CPA), Certified Secretaries (CS), Certified Investment and Financial Analysts (CIFA), Certified Credit Professionals (CCP), Accounting Technicians Diploma (ATD), and Certificate in Accounting and Management Skills (CAMS).
The loans board noted that the loan attracts an interest rate of 6% per annum and is due for repayment 3 years after the date of completion of studies.
The maximum loan repayment period is 60 months, with the option of choosing a lower repayment period and an administrative fee of Ksh500 is charged during disbursement.
Interested applicants are required to follow the following procedure to access the loans and bursaries:
1. Applicants should visit the HELB website, www.helb.co.ke.
2. Access the HELB Students’ Portal to register, create and activate account (ensure you use your personal mobile number).
3. Log in and click Loan ‘Application’ Tab on the left dashboard.
4. From the view window, select either: KASNEB Foundation Loan and Bursary Application- Tuition fees only OR KASNEB Foundation Loan and Bursary Application – kasneb fees only.
5. Read and agree on the Consent for the Collection and Processing of Personal Data.
6. Access and fill out the loan application form online.