HELB Introduces New Loan for Civil Servants: Here's What You Need to Know
The civil servants are urged to apply for the loan...
✨ Key Highlights
The Higher Education Loans Board (HELB) has introduced a new loan facility, the Training Revolving Fund, for civil servants to pursue higher education. This initiative aims to support employees across various government sectors in advancing their academic and professional qualifications.
- Up to Ksh500,000 per year is available for civil servants from Ministries, County Governments, the Teachers Service Commission (TSC), and the National Police Service.
- The loan covers Certificate, Diploma, Higher National Diploma, Master's, PhD, and Professional courses, with no processing fees.
- Repayment is over 72 months via a check-off system at an interest rate of 4 percent on a reducing balance.
- Applicants must secure two guarantors who are also employed within the civil service.
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KRA Announces Tax Exemption, CBK Lowers Lending Rate & HELB Introduces New Loan - August 2025
The Kenya Revenue Authority (KRA) has announced tax exemptions on gratuity payments for certain employees, effective July 1, 2025, as part of changes in the Finance Act, 2025. In a separate move, the Central Bank of Kenya (CBK) has lowered its lending rate, a decision expected to result in cheaper loans for Kenyans as the economy shows signs of recovery. Additionally, the Higher Education Loans Board (HELB) has introduced a new loan facility, the Training Revolving Fund, specifically for civil servants to pursue higher education and advance their professional qualifications.
