How to Apply for Subsequent Helb Loan

Funding educational pursuits can be challenging, particularly if you don’t have the means to see yourself through school. But that should not stop your goals. This is where HELB loan comes in.

You can trust subsequent HELB loans to help you finance your academic dreams, while you focus on studying. 

The Higher Education Loans Board has been helping Kenyan students since 1995 and you should jump on it as well. The application process is seamless and it can be done in a matter of clicks. 

What’s even better is that there are a couple of options available to get the process done and completed while you wait for feedback and cash disbursement. 

The blog post is for those who are applying for the subsequent HELB loan, which means you have already benefited from the scheme as a first-time applicant. Nevertheless, if you are freshly applying, please check out this article and this one too. 

Otherwise, let’s get into the business of applying for HELB from scratch to finish and the documentation required.

Understanding HELB Subsequent Applications

Since its establishment in 1995, The Higher Education Loans Board has served as a lifeline for students who intend to pursue higher education. This could either be students just commencing their educational journey for the first time or those seeking additional support for subsequent years of study. 

The number of loans for which you’re eligible depends on the duration of your program. For instance, a four-year program typically allows for four loan disbursements, while a five-year program may accommodate up to five disbursements. 

If you fall into any of these categories, we are pleased to let you know that HELB offers two primary types of undergraduate loan applications:

1. First-Time Application: As mentioned earlier, this serves applicants venturing into higher education for the first time.
2. Subsequent Application: After the first application, you are eligible for more loans. The subsequent application is designed for you if you are applying for the second, third, or fourth time in alignment with the duration of your academic program.

Read Also – Helb Portal: how to log in to your Helb Account

Requirements for Applying for HELB Loans

While you might think HELB loan is available to all undergraduates, you still need to meet certain criteria before the loan can be disbursed. So we advise that you familiarize yourself with the prerequisites for loan eligibility. We have made that easy for you. Below is a comprehensive overview of the requirements for applying for HELB loans:

Admission to recognized institutions

The first criterion is the most obvious – you must be admitted to a public or private university in Kenya recognized by the Commission for University Education (CUE). Not only that but ensure that your institution meets the accreditation standards before going ahead with your application to save you some stress. 

Undergraduate program enrollment

At the time of publication, HELB is yet to cater to postgraduate students or students in other higher institutions. HELB loan primarily cater to students pursuing undergraduate studies. Make sure you’re pursuing a bachelor’s degree to meet the eligibility criteria.

Previous loan beneficiary

Just like its name suggests, subsequent HELB loan applications are reserved for individuals who have previously benefited from HELB financing. 

If you’re applying for a second, third, or fourth loan disbursement, you must have received HELB loans in previous academic years.

Valid identification documents

To make your application smooth and seamless, have all the necessary documents at hand. A lack of these documents can render your application invalid. 

So prepare essential identification documents ahead of time. You will need a valid national ID card or passport, to verify your identity during the application process.

Academic program duration

A four-year program typically allows for four loan disbursements, while a five-year program accommodates up to five disbursements. The number of loan disbursements you’re eligible for is contingent upon the duration of your academic program. Before applying, verify the duration of your program and plan your loan applications accordingly.

Financial disclosure

Be prepared to provide comprehensive details regarding your financial status, including information about your parents’ or guardians’ income, your income (if applicable), and any other sources of financial support you receive.

Honesty and transparency in disclosing your financial circumstances are essential for assessing your eligibility for different loan options and scholarships.

Also Read – Helb Student Portal Subsequent Loan Application: How to Apply

How to Apply for the Subsequent HELB Loan on App

If you meet the requirements above, then it’s time to apply. You can ensure that your application is successful from start to finish. If that is what you want, consider following the steps in this section. 

To revolutionize the application process, you can leverage the HELB App. This user-friendly mobile application empowers you and other subsequent applicants to effortlessly apply for loans and scholarships directly from a smartphone. 

Step 1: Download and Install the HELB App

You need to have the HELB on your device before you can make the most of your application. So begin by downloading and installing the HELB App on your smartphone. The app is available for both Android and iOS devices through the App Store or Google Play Store. 

Simply search for “HELB App” and select the official app developed by the Higher Education Loans Board. Once located, click on the “Install” or “Download” button to commence the installation process. Allow the app to fully install before proceeding.

Step 2: Launch the HELB App and Register

After installing, launch for optimal usage. Open the app, and you will be prompted to register. For registration, you will need to enter vital details like your phone number, full name, national ID number, and email address. Double-check all information to avoid complications during the application process. 

Step 3: Verify Your Phone Number and Email Address

Verify your phone number and email address for added security, before proceeding further. The app will send a verification code to your registered phone number and email address.

Retrieve these codes and enter them in the respective fields within the app to complete the verification process smoothly.

Step 4: Fill in Your Academic Details

The success of the steps below will lead you to the main application where you begin to define and apply for your loans. Here, proceed to fill in your academic details. 

Provide information such as your university or college name, course of study, year of study, and the duration of your course. Also,  have relevant documents and information readily available before proceeding.

Step 5: Fill in Your Financial Details

One of the major parts of your application is providing details about your financial situation, including your parent’s or guardian’s income, your income (if applicable), and any other sources of financial support. 

Transparency in this section is paramount for assessing eligibility for different loan options and scholarships. Ensure you have the necessary financial documents prepared before proceeding.

Step 6: Submit Your Application

Review your application carefully to ensure accuracy and completeness. Verify that all the information provided is correct and up-to-date.

Make any necessary corrections or adjustments before clicking on the “Submit” button to officially send your application to the Higher Education Loans Board for review.

Step 7: Check Application Status and Await Feedback

After submitting your application, use the HELB App to monitor the status of your application throughout the review process. Receive updates on the progress of your application, including notifications when it has been received, processed, and a decision has been made. 

Stay patient during the review process, as the processing time may vary depending on the volume of applications.

Read Also – Helb Portal: How to Check your Helb Loan Status

How to Apply for Subsequent Helb Loan Using Mpesa App

If you are a student in Kenya and wish to apply for a subsequent HELB loan using the M-Pesa app, then it is as easy as ABC. Here is a step-by-step guide to walk you through this process:

Imagine yourself sitting with your phone, ready to secure that financial aid to proceed with your studies. You open the M-Pesa app, aware that your future depends on this quick, efficient process.

1. Log into the M-Pesa app

You tap the familiar green icon of the M-Pesa application on your phone. Once inside, you prepare for the payment of HELB.

2. Go to “Pay Bill”

You move through the app and select the option “Pay Bill”. You have done it before, you are sure about the process.

3. Enter HELB Business Number

Now, you enter the HELB business number: **200800**. This is a number that guides your payment to HELB so that it lands in the correct basket.

4. Enter your HELB Account Number

In this field, you put your **National ID Number** as the account number. What this does is that it links the payment to your loan account.

5. Enter the Amount

Here, you fill in Ksh 1, which is the amount utilized for activation purposes while applying for a HELB loan via the app.

6. Complete the transaction

Having confirmed that the details are correct, you fill in your M-Pesa PIN and complete the payment. After a few minutes, you get your confirmation message from M-Pesa.

7. Make the loan application

After confirming your payment, you open the HELB app or the portal itself and complete your application. You then log in with your information, select “Subsequent Loan Application,” and fill it in with the required information.

After these steps, a notification comes that says your loan application is under review. Just like that, your funding for the next semester is in good shape!

Subsequent HELB Loans Application Channels

To access the HELB Subsequent loans,  you can go through three following channels:

• Mobile app
• Mobile USSD service
• HELB loans online portal  

Accessing Funds via mobile  App

Aside from the HELB app, accessing HELB funds through the M-Pesa mobile application is a viable option. Simply download the M-Pesa app from your preferred app store, and navigate to the HELB loan section.

Once you are in, manage your financial transactions from the comfort of your smartphone.

Applying via USSD Code

Alternatively, applying for HELB loans via the USSD code is a straightforward avenue for students who prefer expedited loan processing. Simply dial *642# on your mobile device, follow the prompts, and provide the requisite information to initiate your loan application.

Frequently Asked Questions

Conclusion

Navigating the requirements for applying for HELB loans sets the foundation for a successful loan application journey. Ensure that you meet the stipulated eligibility criteria and gather the necessary documentation.

You should also streamline the application process and maximize your chances of securing the financial assistance you need to pursue your higher education goals.

Reference

• www.helb.co.ke – Undergraduate Loans
• japhcyberservices.wordpress.com – HELB Subsequent Applications

Recommendations

• Helb Portal: How to Check your Helb Loan Status
• Helb Portal: how to log in to your Helb Account
• How to Apply for Subsequent Helb Loan