HELB Announces Loans of Up to Sh500K for Kenyan Civil Servants
HELB Announces Loans of Up to Sh500K for Kenyan Civil Servants. On Friday 3 January, the Higher Education Loans Board (HELB) issued guidance encouraging public servants to consider applying for a Training Revolving Fund (TRF) loan. Developed in partnership with the Department of Public Service, this loan is specifically designed to cater to civil servants within the National Government, County Governments and the National Police Service.
In an excited announcement, HELB announced the opening of the application period for the Education Revolving Fund – TRF Loan, highlighting its availability to government employees. According to HELB, officials can apply for loans ranging from Ksh 30,000 to Ksh 500,000 and these funds can be repaid over a period of six years.
The loan, with a remarkably low annual interest rate of 4%, is designed to help federal officials cover various educational expenses. These include tuition fees, exam costs, library fees as well as computer and research fees. HELB has outlined the eligible courses supported by the revolving fund, which include postgraduate, masters and doctoral degrees along with three-month short courses.
Specific requirements must be met for civil servants interested in taking advantage of this opportunity. This includes providing at least two co-workers to serve as guarantors and submitting a letter of recommendation from their respective organization. In addition, applicants are required to submit an acceptance letter from the accredited university where they plan to continue their studies.
Documentation required for the application process includes three copies of recent pay stubs, a certified copy of National Identification Card (ID), a certified Kenya Revenue Authority (KRA) pin and a current color passport size photograph.
Repayment of the loan is structured to begin in the first month following the disbursement of funds. This process will be facilitated through a monthly opt-out mechanism from the employer’s payroll.
Notably, this announcement comes close on the heels of the approval of HELB loans of up to Ksh 500,000 for Kenyan nurses seeking to further their education. The Ministry of Health emphasized that these funds are for nurses who are undertaking advanced and specialized courses at approved educational institutions in Kenya.
This joint effort by HELB demonstrates the commitment to support the educational aspirations of various professionals in the country.
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