Tala It was introduced in Kenya as ‘Mkopo Rahisi’ in the year 2014. It was later renamed as Tala. For an applicant to procure a loan one requires to have a smartphone and an operating M-pesa. For more information access the; Tala Loan App Saida Loan App Saida uses the Saida Loan App to issue […]
The higher education’s loan board commonly referred to as HELB is an loan disbursement department under the ministry of higher education which is charged with the mandate of providing students with financial assistance so as to make their life in campus more bearable and convenient through meeting the costs incurred while in school.
However, due to the fact that the government is disbursing the HELB to the students.There are a number of conditions which they are supposed to fulfill in order to get the funds, and also for the authorities to prioritize on the neediest students due to the large number of applicants with the loans board. Some of the requirements to qualify for the higher education loan include;
KCB BANK MASOMO LOANS Masomo loans are aimed at enabling the working class students who are undertaking a graduate course in public and private university. It is generally intended for the purpose of education advancement. This loan can be issued to parents/guardians for individuals with salaries or students furthering their studies. THE REQUIREMENTS ARE: An […]
Ever since the financial institutions like Saccos, Banks, HELB and MPESA started forwarding lists of defaulters on CRB, the need for your name to cleared and hence improve your chances of getting a second loan have risen. Clearing your debt is no longer enough as you have to get CRB clearance to regain your borrowing […]
Getting a home loan is a very big commitment as it means that you owe hundred thousand Kenyan shillings to the lender and could take years to repay. Hence, here are some tips that can speed up the process of paying all the money owed back. Choose the right loan Before everything else make sure […]
Taking a loan in Kenya has been made easy in recent years, but don’t be in a rush to get a loan without carefully considering some major issues that determine whether you repay more or less. Interest rates Most people do put interest rates into consideration when they approach a lender, but interest loans alone […]
Acquiring a loan for a small business in Kenya is not an easy task. This is because banks are weary of the risks that small businesses are prone to compared to the large businesses. If you are considering borrowing a loan from a bank for your small business the best move is understand what the […]
If you want to start a small business in Kenya and you are depending on a bank loan for capital, doing research on the bank to get a loan from is a key issue to tackle. Well as you do your own research here are some banks to consider approaching. Jamii Bora bank It offers […]
A bank loan enhances medium or long-term finance. Some kind of security for the loan is a requirement in most cases. Bank loans are very good for financing investments especially fixed assets. The interest charged on a bank loan can be fixed of variable depending on the policies of the bank. Bank loans can prove […]
While having a lot of student loans can be burdensome, there are some upsides of graduating with a bit of debt, especially the one you acquire from the department of education. Sometimes it is absolutely necessary for a student to require some financial help so as to complete his/her education. As a student don’t be so sad about it as there are two sides to every opportunity, the bad and the good.
Interest rate reduction
One of the larger benefits of student loans is that the interest you pay on the loans is often deductible, meaning you can subtract it from your income, reducing your tax burden for the year. The loans offered by the ministry of education in Kenya is deductible once you have finished your schooling and been employed. This ensures you study without much hassle and make payments later once you are employed.