Anyone who wants to pay HELB must do so via MPESA. It is easy and fast. Higher Education Loan Board helps needy college students pursue schooling in larger establishments comparable to universities, schools, and technical establishments.
The board normally disburses funds to college students’ financial institution accounts earlier than the primary semester commences.
In order to recover matured loans, HELB was established. It also helps to raise sufficient funds to meet the high demand for loans while allowing for quicker repayments.
After completion of the 4 or 5 years course schooling, the scholars are required to pay again the cash. On this information, I’ll present you the way to pay HELB by way of M-Pesa.
When to repay your HELB loan via Mpesa?
Repayment of HELB loans must take place within one year of completion of studies, or within a reasonable period if the Board decides to recall the loan.
You can, however, make voluntary payments before or after your studies to reduce your loan balance.
Students who are salaried are required to pay back their loans immediately upon disbursement.
In order to ensure smooth operation, HELB relies on three branches.
- Section for Undergraduates (helps in recovering undergraduate loans)
- Jielimishe loan Section (Is responsible for allocating and recovering loans to salaried students, which is students working)
- Section on allocation (It collects and updates the accounts of loanees)
Loan Repayment Methods
For ease of loan repayment, the board has designed different modes of payment. They are bankers cheques, cash deposits, Via M-pesa and HELB collection. So far, the fastest of all is repaying via M-pesa.
Pay HELB via M-Pesa
Pay bill number 200800 is used to pay HELB. Follow the given process to instantly repay helb via mpesa
- Open sim-toolkit
- Choose M-Pesa
- Select” Lipa na M-pesa”
- Choose pay invoice possibility
- Enter HELB enterprise quantity 200800
- Enter your nationwide ID quantity as your account quantity
- Enter quantity you need to pay
- Enter your PIN quantity
- Verify transaction and ship
As soon as the transaction is completely, you will be able to see the details in the transaction history section.
The Higher Education Loan Board (HELB) is a non – profit organization that provides financial aid to needy college students. The board has been in existence since 1975 and has helped more than 2 million students since then. If you are looking for a way to pay off your student loan debt quickly and easily, then MPESA may be the best option for you.