According to section 15 of the HELB Act, 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.
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.
The good news is that HELB has provided various means upon which one can repay their loan in installments. Among this methods is through M-Pesa Paybill number. This is how you can repay your HELB loan through the M-Pesa Paybill Number: 200800.
HELB Payment Process Through M-Pesa Paybill
- Go to Lipa Na M-Pesa on your Safaricom M-Pesa Line
- Select Paybill Option
- Enter HELB Paybill number 200800
- Enter your ID Number as your account Number
- Confirm your Details
- You will receive a confirmation SMS for your payment
This payment is so efficient such that your transaction will reflect in your statement immediately after you have completed the transaction.
HELB also provides banking option for loan repayment
HELB Bank Accounts
You can repay your Helb loan using any of the below bank accounts
- Kenya Commercial Bank– AC No: 1103 266 314
- Standard chartered Bank– AC No: 010 801 826 4700
- Co-operative Bank– AC No: 011290 612 228 00
- Family Bank – AC No: 035 000 024 971
- Absa Bank – AC No: 077 501 8216
- Equity bank – AC No: 055 029 357 3408
- National Bank of Kenya – AC No: 010 016 039 1100
- Citibank AC No: 300 040 012
- SBM Bank AC No: 0332 084 215 001
- NCBA Bank Kenya AC No: 1002 247 638
- Jamii Bora Bank AC No: 1174 852 7001
For those living in Diaspora, HELB has made it possible for individuals living in US and Canada to pay through Wave via KCB account number 1103266314.