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How To Repay HELB Loan Using Mpesa - 5 easy steps

How To Repay HELB Loan Using Mpesa – 5 easy steps

This article is about how to repay HELB loan using Mpesa. HELB (Higher Education Loan Board) is a state-owned company established in 1995 to provide affordable loans, grants and scholarships to students pursuing higher education at recognized Kenyan institutions. These loans can be for direct entry students (DES) or salaried students.

Direct Entry Student Loans (DES)

These loans are for students joining public or private universities within the East African Community directly from secondary school, through the Kenya Universities and Colleges Central Placement Service (KUCCPS) or as self-sponsored. The amounts assigned range from a minimum of 35,000 to a maximum of 60,000 depending on the level of need. The loan attracts interest of 4% per annum and students must repay their loans at the end of their studies.

Loans for salaried students

These loans are aimed at salaried graduates (master’s and doctoral students) and university students who can repay their loans while studying. The loans are assessed and granted based on the student’s ability to pay during their studies at an interest rate of 12% per annum and repayable in 48 months.

Awards (per year)

  • PhD-Kshs: 60,000 – 200,000
  • Master -Ksh: 60,000 – 200,000
  • CE -Ksh: 60,000 – 100,000

University loan repayment starts within a year of completing your studies and in this post we have created a simple guide on how to repay the loan using Mpesa. If you default on your loan, you will receive a monthly penalty of Ksh 5,000.

You can pay as little as Ksh 1500 per month to avoid the 5000 monthly penalty.

How To Repay HELB Loan Using Mpesa

  1. Go to your Mpesa menu
  2. Select Bread and Gifts
  3. Select the payment invoice
  4. Enter 200800 as the company number

5.Enter your National Identification Number as your account number

  1. Enter the amount you wish to pay
  2. Enter your Mpesa pin and press OK
  3. You will receive a transaction confirmation message from Mpesa. Please note that it will take 2 business days for the transaction to reflect on your statement.

You may also repay your loan by crossed check, money order, direct transfer/standing order/EFT or cash deposit into your HELB collection account at one 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 bank501 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
Chase Bank0332 084 215 001Delta HouseSWIFT CODE : CKENKENAXXX
Jamii Bora Bank1174 852 7001Koinange streetSWIFT CODE : CIFIKENAXXX


Central Office: Torres Aniversario, 19th floor.

Telephone Number: 0711 052 000.