Higher Education Loans Board does not support only undergraduate students to pursue their studies. It also has a product called Jielimishe Loan (For Salaried Students) that allows those employed to apply for a loan to take them through in advancing their studies. In this article we look at the Jielimishe Loan requirements and what you need to apply for this loan. The highest an individual can get for the Jielimishe Loan (For Salaried Students) is capped at Kshs. 600,000.
Education is one of the most important investments you can make in yourself. HELB offers Jielimishe Loan to employed students pursuing Professional Courses, Higher National Diploma, Bachelors, Postgraduate-Diploma, Masters or PhD degrees in Kenya. The loans are awarded per year and paid directly to the approved institutions of higher learning.
Features of Jielimishe Loan (For Salaried Students)
The features of the Jielimishe Loan (For Salaried Students) include the following: –
- Quick loan processing.
- The competitive interest rate of 10% per year.
- Flexible repayment periods of 12 – 48 months (72 months for Public Servants).
- Convenient and easy monthly check-off repayments.
- Borrow up to 90% of your program fees to a maximum of Kshs. 600,000.
- Affordable Credit Life Insurance Policy.
Jielimishe Loan Requirements for Application
Are you a salaried person, do you wish to advance your education and have no sustainable source of sponsorship? Below are the Jielimishe Loan requirements for application.
- Admission letter from a recognized university/College in Kenya.
- Certified copy of your last acquired academic certificate (certified by a commissioner of oaths).
- Three (3) months latest pay slips (certified by your employer).
- A copy of the appointment letter for a contract of not less than two years (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 employed guarantors (certified by a commissioner of oaths).
- Recent colored passport-size photograph of yourself.
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