HomeJambo InfoBanking and FinanceHow to pay outstanding HELB Loan through M-pesa

How to pay outstanding HELB Loan through M-pesa

Paying HELB loan through Mpesa is one of the best and most convenient way. Apart from being the easiest payment method, it is safest.

Read also: How to apply HELB Subsequent Loan 2020/2021 via Mobile App or USSD Code

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.

Read also: How to check HELB loan disbursement status, online and Using SMS Service, loan balance

It should be noted that frequent HELB loan defaulters risk getting blacklisted by the Credit Reference Bureau(CRB), which will prevent them getting bank loans. With this digital generation and more advancement in mobile technology, one can conveniently pay outstanding HELB loan through Mpesa by following these steps:

  1. Go to M-PESA menu, select Pay Bill.
  2. Enter 200800 for HELB business number.
  3. Your account number is your National ID number.
  4. Enter amount to pay.
  5. Enter M-PESA PIN.
  6. Double-check your details, if OK press SEND.
  7. Wait for the MPESA transaction confirmation SMS.

Read also: How to Apply For HELB Undergraduate Loan 2020-2021 First-Time Application

Other payment methods

The board also has alternative methods of repaying helb loan. They include; Bank Deposit and Diaspora Repayment.

Read also: How to check HELB loan disbursement status, online and Using SMS Service, loan balance

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 Kenya
1002 247 638NIC HouseSWIFT CODE : CBAFKENX
Jamii Bora Bank1174 852 7001Koinange streetSWIFT CODE : CIFIKENAXXX

Diaspora Repayment Methods

  • 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

Note that defaulters are slapped with Ksh 5,000 each month they don’t pay. To avoid this monthly penalty, you can pay as little as Ksh 1,500 so as to be safe.

Completion of Loan Repayment

Upon completion of loan repayment, it is important to seek clearance certificate 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.

Over Repayment

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


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