Q. What is a loan?
Ans. A loan is a sum of money borrowed to be
Q. Who qualifies to apply for a HELB loan?
Ans.One can access HELB loan for studies as a
Q. I am below 18 years, Can I access HELB Loan
Ans. HELB loan is a legally binding agreement
Q. How do I get the HELB loan?
Ans. If in need of the loan, you MUST apply
Q. I am unsatisfied with my loan award?
Ans.You may also appeal/ request for review of
Q. Must I apply for HELB loan
Ans. It is not mandatory for one to apply for
Q. How much is charged as loan Interest?
Ans. HELB offers Undergraduate direct entry,
B. LOAN REPAYMENT
Q. When is the loan due for repayment?
Ans. The loan shall be due for repayment one
Jielimishe Loan repayments fall due one month (30 days) after
Q. Does HELB notify me upon completion of loan?
Ans. Upon completion of loan repayment, a
Q. What if I need a certificate and haven’t
Q. A loaneee has the following obligations;
Ans. within a year of completion of his/her
Q. What are benefits of prompt repayment
Ans. You will build a good credit history for
Q. What are repercussions of defaulting on my HELB loan?
Q. What is Credit Reference Bureau?
Ans. A credit reference bureau is a company
WE THOUGHT YOU SHOULD KNOW………
It is an amount of money borrowed by one party-a debtor, from another-a
Good debt is an investment that will grow in value or
Bad debt is debt incurred when purchasing items that quickly lose their
It is the amount of money borrowed from a lender.
It is a fee charged on the amount borrowed. The fee is expressed as an
A guarantor is someone who “guarantees” someone
Q. Who can be a guarantor?
Ans. Almost anyone can be a guarantor. To be a
Q. Can I withdraw my guarantee?
Ans. Unfortunately, if you have signed the
One of the most prevalent forms of consumer fraud is identity theft.
Q. WHAT IS INSURANCE?
Ans. Insurance is paying in advance for
Section 6 of the HELB Act states that the Board can take out insurance
Q. What is a Student Loans Self Protection Scheme