• About Us
    • Contact Us
    • Write for US
  • Terms
    • Newsletter
    • Affiliate Link Policy
    • DMCA
  • Privacy
  • Forums
    • African History
    • African Walk of Fame
  • Nyosake Ltd
    • Car Head
    • Business Today
    • Android News
    • Afrobays
    • The Sun
    • NS Sports
    • PodCast
    • Gadget
    • Travel
    • Play IT
    • Invest News
    • Start A Blog Easily Here
  • Advertise
Saturday, August 13, 2022
Ask Anything
  • News
    • Africa
      • Uganda
      • East African Community
    • African Inventions
    • African History
    • Qatar
    • Quotes
    • Politics
    • Counties
      • Mega Projects in Kenya
    • National
    • Health
    • Family
  • How To
    • Made In Africa
    • Education
    • Facts
    • Science
  • Business
    • Sponsored
    • Manufacturing
    • Real Estate
    • Forex
    • World Billionaires
    • Finance
    • Wealth
    • Bank Swift Codes
    • Affiliate
    • PayPal
    • Cryptocurrency
    • Advertisement
  • Apple
    • iPad
    • Artists
    • iPhone
    • Apple Watch
    • Mac Specs
    • Apple TV
  • Windows
    • Windows 10
    • Surface
    • PC Components
    • Laptops
    • ChromeBooks
  • Tech
    • Tech Terms
    • Phones
    • Phone Rumors
    • Android News
    • Top Deals
    • Gadget Reviews
    • Gift Guides
    • VPN
  • Autos
    • Car Showrooms
    • Electric Vehicle
    • Petrol Stations
    • Car News
    • Latest Cars
    • Auto Sport
    • Car Facts
  • Top 100
    • Business Directory
  • Sports
    • Soccer LiveScores
    • Basketball Scores
    • WRC Safari Rally
  • Entertainment
    • Celebrities
    • Lyrics
    • Theaters
    • Artists
    • Biography
  • HSE
    • Hazards
    • NEBOSH
    • IOSH
    • Construction Safety
    • General Industry
    • Oil & Gas Safety
    • All Safety Courses
  • Forums
    • Ask Anything
No Result
View All Result
  • News
    • Africa
      • Uganda
      • East African Community
    • African Inventions
    • African History
    • Qatar
    • Quotes
    • Politics
    • Counties
      • Mega Projects in Kenya
    • National
    • Health
    • Family
  • How To
    • Made In Africa
    • Education
    • Facts
    • Science
  • Business
    • Sponsored
    • Manufacturing
    • Real Estate
    • Forex
    • World Billionaires
    • Finance
    • Wealth
    • Bank Swift Codes
    • Affiliate
    • PayPal
    • Cryptocurrency
    • Advertisement
  • Apple
    • iPad
    • Artists
    • iPhone
    • Apple Watch
    • Mac Specs
    • Apple TV
  • Windows
    • Windows 10
    • Surface
    • PC Components
    • Laptops
    • ChromeBooks
  • Tech
    • Tech Terms
    • Phones
    • Phone Rumors
    • Android News
    • Top Deals
    • Gadget Reviews
    • Gift Guides
    • VPN
  • Autos
    • Car Showrooms
    • Electric Vehicle
    • Petrol Stations
    • Car News
    • Latest Cars
    • Auto Sport
    • Car Facts
  • Top 100
    • Business Directory
  • Sports
    • Soccer LiveScores
    • Basketball Scores
    • WRC Safari Rally
  • Entertainment
    • Celebrities
    • Lyrics
    • Theaters
    • Artists
    • Biography
  • HSE
    • Hazards
    • NEBOSH
    • IOSH
    • Construction Safety
    • General Industry
    • Oil & Gas Safety
    • All Safety Courses
  • Forums
    • Ask Anything
No Result
View All Result
No Result
View All Result

How to Repay HELB Loan

August 12, 2020
in Education
Reading Time: 6 mins read
A A
ShareTweetShareShareScanEmail
ADVERTISEMENT
Advertisements

HELB Loan was established with the aim of not just recovering all matured loans, but to raise sufficient funds to meet the rising loan demand and attain faster turnaround in loan repayments. Repay HELB Loan

It consists of three tiers:

  1. Undergraduate section, which deals with recovery of undergraduate loans
  2. Jielimishe Loan section that is charged with the responsibility of disbursing and recovering of loans from salaried students.
  3. Allocation section charged with the responsibility of collection and updates of loanees’ accounts.

The Debt Management Department is committed to recovering all matured loans with utmost diligence in line with the HELB Act 1995 and in conformity with the dynamic customer expectations.

Repaying your Student Loan – Repay HELB Loan

Undergraduate Loan Repayment starts within one year of completion of studies or within such a period as the Board decides to recall the loan whichever is earlier. However, you can make voluntary payments before or after you complete your studies to reduce your loan balance.

ADVERTISEMENT
Completion of Loan Repayment

Upon completion of loan repayment, kindly seek clearance from HELB. Please note that only HELB and not your employer can confirm your loan repayment status. HELB shall confirm loan repayment completion by issuing certificate of clearance. For clearance, please fill in the HELB Enquiry form.

Over Repayment

If you overpay your loan, you will receive a refund from HELB and not your employer. To claim refund, please fill in the Loan Recovery Enquiry form.

Click here to access HELB Enquiry Form

Jielimishe Loans (for salaried students) – Repay HELB Loan

Jielimishe Loans are due for repayment immediately upon disbursement. Successful applicants shall be notified via e-mail.

Loanee Obligations

All loanees [HELB loan beneficiaries] are required to start repayment after a period of one year on completion of studies, or within such a period as the Board may decide to recall the loan whichever is the earlier (Section 15 HELB Act). Paying the higher education loans at an early age reduces an individual’s financial burden in midlife when one is bringing up a family, paying a mortgage as well as planning for retirement. Among other advantages of paying the loans include; reduction of the number of loans that an individual has hence avoid being blacklisted with the Credit Reference Bureau (CRB) hence one can easily get a bank loan.

To ease your repayment, the Board has developed several different modes of repayment that suits the loanees who are employed and self-employed such as check off system, mobile payment that include M-Pesa, Airtel among others.

ADVERTISEMENT

Therefore your obligation as a Loanee under the Act is to;

  • Inform the Board of your contact addresses (section 15 (a) HELB Act),
  • Begin repayment of your loan together with the interest accrued thereon (Section 15(b) HELB Act),
  • Facilitate the deduction and remittance of the loan to the Board – (Section 15 (c) HELB Act).

EMPLOYERS

Employers Obligations

The Higher Education Loans Board Act, 1995 demands that employers adhere to the law as stipulated below:

  • Disclose Loanees: Inform the Board that they have employed loanee(s). This should be done within three months from the date of employment. (Section 16(1) (a) of the HELB Act)
  • Deduct from the wages or remuneration of the loanee(s) the amount of any loan as instructed by the Board (Section 16(i)(b) of the HELB Act)
  • Discharge/remit the amount deducted from the loanee’s wages or remuneration

LOAN REPAYMENT METHODS

HELB offers various loan repayment methods as follows:

Local Repayment Methods
Mobile Payment Services: M-PESA

Using M-PESA (Safaricom) Money Transfer:

Select pay bill optionEnter HELB business number as 200800Enter your national ID number as your account numberEnter amount you want to payEnter your secret PIN numberConfirm transaction and send

Note: The transaction reflects in your statement immediately after the transaction.

Bank Deposit

All payments are payable to Higher Education Loans Board, by crossed cheque, bankers draft, direct transfer/standing order/EFT or cash deposit to HELB collection A/C in any of the following banks:

BankAccount NumberBranchElectronic Funds Transfer (EFT)
Kenya Commercial Bank1103 266 314University-waySWIFT CODE : KCBLKENX
Family Bank035 000 024 971Family Bank TowersSWIFT CODE : FABLKENAXXX
Co-operative Bank011290 612 228 00University-waySWIFT CODE : KCOOKENA
Barclays bank077 501 8216Barclays PlazaSWIFT CODE : BARCKENX
Standard chartered Bank010 801 826 4700Koinange streetSWIFT CODE : SCBLKENX
Equity bank055 029 357 3408Equity CenterSWIFT CODE : EQBLKENA
National Bank of Kenya010 016 039 1100Harambee AvenueSWIFT CODE :NBKEKENX
Citibank300 040 012NairobiSWIFT CODE : CITIKENA
SBM Bank0332 084 215 001Delta HouseSWIFT CODE : SBMKENA
NCBA Bank Kenya1002 247 638NIC HouseSWIFT CODE : CBAFKENX
Jamii Bora Bank1174 852 7001Koinange streetSWIFT CODE : CIFIKENAXXX
Diaspora Repayment Methods
Wave
  • You can make payments instantly from the US and Canada through Wave via KCB account number 1103266314.
  • Go to www.sendwave.com to update/download the app and then make transfers immediately.
  • Please forward the wave email notification as well as your ID NUMBER to OnlinePayments@helb.co.ke
 World Remit
  • Log in to www.worldremit.com
  • Select the ‘Bank Deposit’ service from the blue ‘Send to’ box on this page
  • Choose whether to make the transfer to a Kenyan shilling (KES) or US dollar (USD) account
  • Enter the amount you want to transfer
  • We’ll show you the highly competitive exchange rate you’ll receive and any fees upfront
  • Enter recipient’s details KCB ACCOUNT NUMBER 1103266314
  • Pay online using a credit or debit card
  • Use your ID number as the reference
  • You and your recipient will receive SMS and email notification once the transfer is complete
  • Please forward the wave email notification as well as your ID NUMBER to OnlinePayments@helb.co.ke

Disclaimer. We can not guarantee that the information on this page is 100% correct.

ADVERTISEMENT
Was this article helpful?
YesNo
ShareTweetSendShareScanSend
Previous Post

HELB Loan re-payment

Next Post

How to Apply for Higher Education Students’ Loan

Related Posts

List of the Best Loan Agencies in Kenya

Sample Letter to Borrow Money from a Friend

4 days ago
Teachers Duplicate Certificate of Registration in Kenya

How do I register on NEMIS Portal?

6 days ago
Next Post
HELB Loan re-payment

How to Apply for Higher Education Students’ Loan

Higher Education Students Loans Scheme (HESLS) in Tanzania

Higher Education Students Loans Scheme (HESLS) in Tanzania

Search NyongesaSande.com


Follow Nyongesa Sande


Follow @nyongesasande

Subscribe to Nyongesa Sande

ADVERTISEMENT
Facebook Twitter Instagram Pinterest LinkedIn Youtube RSS

Categories

About Us

Nyongesa Sande is a site that brings you a daily dose of well-articulated up to date facts, news, opinions, and important updates from Kenya, Africa, and around the World.

© 2022 Nyongesa Sande - So Much More To Read Now. A Nyosake Investment Inc.

No Result
View All Result
  • News
    • Africa
      • Uganda
      • East African Community
    • African Inventions
    • African History
    • Qatar
    • Quotes
    • Politics
    • Counties
      • Mega Projects in Kenya
    • National
    • Health
    • Family
  • How To
    • Made In Africa
    • Education
    • Facts
    • Science
  • Business
    • Sponsored
    • Manufacturing
    • Real Estate
    • Forex
    • World Billionaires
    • Finance
    • Wealth
    • Bank Swift Codes
    • Affiliate
    • PayPal
    • Cryptocurrency
    • Advertisement
  • Apple
    • iPad
    • Artists
    • iPhone
    • Apple Watch
    • Mac Specs
    • Apple TV
  • Windows
    • Windows 10
    • Surface
    • PC Components
    • Laptops
    • ChromeBooks
  • Tech
    • Tech Terms
    • Phones
    • Phone Rumors
    • Android News
    • Top Deals
    • Gadget Reviews
    • Gift Guides
    • VPN
  • Autos
    • Car Showrooms
    • Electric Vehicle
    • Petrol Stations
    • Car News
    • Latest Cars
    • Auto Sport
    • Car Facts
  • Top 100
    • Business Directory
  • Sports
    • Soccer LiveScores
    • Basketball Scores
    • WRC Safari Rally
  • Entertainment
    • Celebrities
    • Lyrics
    • Theaters
    • Artists
    • Biography
  • HSE
    • Hazards
    • NEBOSH
    • IOSH
    • Construction Safety
    • General Industry
    • Oil & Gas Safety
    • All Safety Courses
  • Forums
    • Ask Anything

© 2022 Nyongesa Sande - So Much More To Read Now. A Nyosake Investment Inc.