This is a simple guide on how to repay your HELB loan through Mpesa. HELB (Higher Education Loans Board) is a state-owned corporation that was established in 1995 to provide affordable loans, bursaries and scholarships to students pursuing higher education in recognized Kenyan institutions.
These loans can either be for Direct Entry Students (DES) or salaried students.
- Direct Entry Students (DES) Loans
These loans are for students joining public or private universities within the East African Community directly from high school either through the Kenya Universities and Colleges Central Placement Service (KUCCPS) or as self-sponsored. Amounts awarded range between 35,000 minimum and 60,000 maximum based on the level of need. The loan attracts an interest of 4% p.a and the students are required to repay their loans on completion of their studies.
- Salaried Students Loans
These loans target Postgraduate (Masters & PhD) and Undergraduate salaried students who are able to repay their loans while studying. The loans are evaluated and awarded on the ability of a student to pay while studying at an interest rate of 12% p.a and repayable in 48months.
Awards (per year)
PhD- Kshs: 60,000 – 200,000
Masters -Kshs: 60,000 – 200,000
CE -Kshs: 60,000 – 100,000
Undergraduate Loan Repayment starts within one year of completion of studies and in this post, we have done a simple guide on how you can repay your loan using Mpesa. Failure to repay your loan, you will attract a monthly penalty of Ksh 5,000. You can pay a minimum of Ksh 1500 per month to avoid the 5000 monthly penalty.
How To Repay HELB Loan Using Mpesa
1. Go to your Mpesa Menu
2. Select Lipa na Mpesa
3. Select Paybill
4. Enter 200800 as the business number
5.Enter your national ID number as your account number
6. Enter the amount you want to pay
7.Enter your Mpesa pin and press OK
8. You will receive a transaction confirmation message from Mpesa.
Please note that the transaction will take 2 business days to reflect on your statement.
You can also repay the loan using a crossed cheque, bankers draft, direct transfer/standing order/EFT or cash deposit to HELB collection Account in any of 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 |
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 |
|
Chase Bank |
0332 084 215 001 |
Delta House |
SWIFT CODE : CKENKENAXXX |
|
NIC Bank |
1002 247 638 |
NIC House |
SWIFT CODE : NINCKENAXXX |
|
Jamii Bora Bank |
1174 852 7001 |
Koinange street |
SWIFT CODE : CIFIKENAXXX |
