Helb loans mature a year after completion of one’s studies and begin attracting penalties once the grace period elapses irregardless of whether an individual has secured employment or not.
Therefore, in order to avoid paying the accruing penalties, it is usually advisable to make any affordable partial repayments using the available payment options provided by HELB.
Among said repayment options, the easiest method can be said to be through Mpesa due to its wide popularity in the mobile money transfer sector.
With that being said, below is the procedure on how you can pay your Helb loan via Mpesa.
- Access Safaricom menu under the Sim toolkit on your phone
- Click on Mpesa
- Select Lipa Na Mpesa
- Select Paybill
- Enter business number as 200800
- Enter account number as your ID number
- Enter your preferred repayment amount
- Enter your Mpesa PIN
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