The Higher Education Loans Board (HELB) has invited civil servants in the National government, County governments, National Police Service, or Teachers Service Commission who wish to advance their education to apply for The Employer Training Revolving Funds (TRF).
HELB, on Monday, June 24, 2024, through its official social media page announced that TRF which will be providing funding for civil servants of up to Ksh 500,000 is currently open.
The loans Board further stated that the TRF loan beneficiaries will pay an ultra-low interest rate of four per cent per annum.
“HELB TRF Loan: Applications Now Open, Flexible repayment terms, low-interest rates, and a simple application process. Don’t let financial barriers hold you back, “The HELB announcement reads.
“Civil Servants in the National government, County governments, National Police Service, or Teachers Service Commission, this is for you, Advance your education with funding of up to Kes. 500,000, with an ultra-low interest rate of 4% pa.”
TRF Fund
According to the HELB website, the TRF fund which is for postgraduate studies only is set aside for the Ministry of Public Service works in collaboration with HELB for Civil Servants in the National Government, County Governments, and National Police Service.
Requirements
To apply for the TRF loan an eligible candidate must show proof of an admission letter from a recognized university or training institution in Kenya, a recommendation letter from the employer and copies of 3 months’ latest pay slips with a net pay above 1/3 of basic pay (certified by employer).
The applicant must also have a certified copy of the National ID, a certified copy of the KRA PIN, a certified copy of the National ID from two guarantors employed within the civil service and recent coloured passport-size photographs.
The loan repayment
The repayment period of TRF beneficiaries is up to 72 months and it is by check-off and the interest charged is four per cent per year on reducing balance.
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