HOW TO REPAY YOUR HELB LOAN
Higher Education Loans Board, HELB was established in Kenya to raise sufficient funds to facilitate tertiary level education, recover matured loans and attain a faster turn- around in the loan repayment process.
It is divided into three:
- Undergraduate loans
It deals with the issuance and recovery of loans given to undergraduate students.
- Jielimishe loan
It deals with the disbursement and recovery of loans offered to salaried students.
- Allocation section
It focuses on the collection and updates on loanees’ accounts
It also has a Debt Management Department which is aimed at recovering all matured loans as per the HELB Act 1995.
REPAYMENT OF HELB LOANS
You are expected to repay your undergraduate HELB loan within one year of completion of studies or the period prescribed by the Board.
You are however free to make voluntary payments before or after completing your studies.
COMPLETION OF HELB LOAN REPAYMENT
Upon completion of repayment of the loan, you should seek clearance from HELB.
Kindly take note of the fact that only HELB and not your employer can confirm your loan repayment status.
In case you pay any extra amount, HELB will refund you.
To claim a refund from HELB, you should fill the Loan Recovery Enquiry Form.
To claim a refund, please fill in the Loan Recovery Enquiry form.
Click here to access the HELB Loan Recovery Enquiry Form.
JIELIMISHE LOANS FOR SALARIED STUDENTS
Unlike undergraduate loans, Jielimishe loans are due for repayment immediately upon repayment.
Successful applicants are normally notified through e-mail.
HELB LOANEE DUTIES/OBLIGATIONS
All HELB beneficiaries are expected to begin repaying their loans within the period specified by the Board.
It is advisable to repay your loan earlier as this reduces the financial burden normally experienced during mid-life.
Other benefits of repaying the loan include accessibility to bank loans, reduced number of loans and reduced chances of being blacklisted by the Credit Reference Bureau (CRB).
For easier repayment, HELB has provided many avenues through which you can repay your loan.
The payment modes suit both employed and self-employed loanees.
Below are links to the most important news portals:
- KUCCPS News Portal
- TSC News Portal
- Universities and Colleges News Portal
- Helb News Portal
- KNEC News Portal
- KSSSA News Portal
- Schools News Portal
These HELB LOAN REPAYMENT METHODS include:
- LOCAL REPAYMENT METHODS
i. Mobile Repayment Method (M-Pesa)
HOW TO PAY HELB LOAN THROUGH M-PESA
-Go to your M-Pesa menu.
-Select “Paybill option”
-Enter the HELB Business Number-200800.
–Fill in your national identity number (account number).
The transaction should reflect in your statement immediately after the transaction.
Payments can be paid to HELB by cheque, direct transfer/ standing order/ EFT or cash deposit through the following banks:
|Bank||Account Number||Branch||Electronic Funds Transfer (EFT)|
|Kenya Commercial Bank||1103 266 314||University-way||SWIFT CODE: KCBLKENX|
|Family Bank||035 000 024 971||Family Bank Towers||SWIFT CODE: FABLKENAXXX|
|Co-operative Bank||011290 612 228 00||University-way||SWIFT CODE: KCOOKENA|
|Barclays bank||077 501 8216||Barclays Plaza||SWIFT CODE: BARCKENX|
|Standard Chartered Bank||010 801 826 4700||Koinange street||SWIFT CODE: SCBLKENX|
|Equity bank||055 029 357 3408||Equity Center||SWIFT CODE: EQBLKENA|
|National Bank of Kenya||010 016 039 1100||Harambee Avenue||SWIFT CODE: NBKEKENX|
|Citibank||300 040 012||Nairobi||SWIFT CODE: CITIKENA|
|SBM Bank||0332 084 215 001||Delta House||SWIFT CODE: SBMKENA|
|NCBA Bank Kenya||1002 247 638||NIC House||SWIFT CODE: CBAFKENX|
|Jamii Bora Bank||1174 852 7001||Koinange street||SWIFT CODE: CIFIKENAXXX|
2. DIASPORA REPAYMENT METHODS
i. World Remit
.Log into www.worldremit.com
.Select the ‘Bank Deposit’service from the blue box on this page.
. Choose whether to pay in Kshs (KES) or US dollars (USD).
.Fill in the amount you want to transfer and enter the receiver’s details- KCB ACCOUNT NUMBER 1103266314.
. Pay online using a debit and credit card.
. Your ID number should be used as your reference number.
. Both you (the sender) and your recipient (HELB) will receive an e-mail and SMS confirmation showing that the transfer is successful and complete.
. Kindly forward the wave email and your ID Number to firstname.lastname@example.org