HELB stands for Higher Education Loans Board. They specialize in providing financial support for the individuals pursuing higher education in Kenya. It is important to understand the HELB portal loan repayment procedure and also the HELB paybill number.
The most preferred mode of repayment of the HELB loan is through the Mpesa. This is because most individuals use the Safaricom network for communication. Also Safaricom Mpesa provides the best platform for the mobile banking and mobile bill payments.
HELB portal specialize in provision of funds to the needy students not capable to cater for the full fees. They provide these funds to the students in the recognized learning institutions. Through this, they guarantee a brighter future for the students.
The students are provided for a percentage of funds once they apply. That is, the students that qualify for the HELB loan. The requirement is to pay later after they have graduated. One year after graduation.
Ease of HELB Portal Loan Repayment
Repayment of the loan using HELB paybill number is very simple. The easy steps involved enables one to easily pay the HELB loan at their own convenient time at the comfort of your home.
Paying your loan is very important because it enables other students to benefit too. It also enables then to achieve their dreams by pursuing higher education.
Paying HELB loan using Mpesa paybill number is very effective and secure. One does not have to waste a lot of time making the long and tiresome queues in banks for the repayment process.
HELB Portal-How to repay loan with Mpesa using HELB paybill number
- On your phone, go the Mpesa menu
- Select lipa na Mpesa
- Choose paybill
- The business number is 200800
- The account number that is the National Identification Number
- The amount to pay
- Enter Mpesa PIN then press OK
- Confirm that the transaction is correct, and then press OK.
After a short while, you will receive a confirmation message from Mpesa.
The individuals in diaspora can repay the HELB loan using Equity Direct Pay Loan. They can easily register at www.equitydirectafrica.com with the student name and the national ID. The payments are processed instantly.
Also those in US and Canada can pay instantly through Wave. To download the App and start repaying, go to www.sendwave.com.
Repayment of HELB loan for the employers should be done by the 15th day of the following month. For the self paying, payments should be made within the month.
Failure to repay the loan on time, there is a penalty of kshs. 5,000 for every month not accounted for. Also failure to clear all the debt, the individuals will be blacklisted by the Credit Reference Bureau (CRB).
The other forms of HELB loan repayment includes the banks, Pesapoint and Equity Banks ATMs. Also they can pay through Credit and ATM Cards and the online payment via the HELB payment portal.
HELB paybill number through the Mpesa is very convenient, efficient, secure and simple. It is an effective way of managing the HELB loan through the mobile bills payment.
HELB Loan Contacts
Anniversary tower, 19th floor, University way
Tel: +254 711 052000