The Higher Education Loans Board (HELB) in Kenya has specific requirements for guarantors when applying for loans. These requirements ensure that the loan is repaid and that the guarantor is financially stable. The following are the key requirements for HELB guarantors:
HELB Guarantors Requirements
1. Valid Identification
- The guarantor must have a valid ID number (K.R.A Pin No).
- The guarantor’s ID number should be verified.
2. Financial Stability
- The guarantor should have a stable source of income and be able to provide proof of their financial status.
- In the case of employed guarantors, a copy of their appointment letter for a contract of not less than two years (certified by their employer) is required.
3. Personal Details
- The guarantor’s personal details, such as their full name, email address, and mobile number, must be provided.
4. Relationship to the Applicant
- The guarantor must be related to the applicant, such as a parent or guardian, and be able to provide proof of their relationship.
5. Consent Form
- The guarantor must sign a consent form, giving their permission for HELB to collect and process their personal data.
6. Submission of Documents
- The guarantor must submit their ID number and other required documents to HELB.
It is essential to ensure that the guarantor meets these requirements to avoid any issues during the loan application process. If you are unsure about any of the requirements, it is recommended to contact HELB directly for further clarification.
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