How to Pay HELB via M-Pesa: Simple Guide
Paying your Higher Education Loans Board (HELB) loan via M-Pesa is convenient and straightforward.
In this guide, we will take you through the steps required to pay your HELB loan via M-Pesa and bank.
We will cover everything you need to know, including the requirements, the M-Pesa Paybill number, and the process for making the payment.
How can I Check my HELB Loan Balance?
Before making any payments, you need to check your loan balance to know the amount you need to pay.
You can check your HELB loan balance by sending an SMS with the word ‘BAL’ followed by your ID number to 5122. Alternatively, you may download the HELB app or visit the HELB website and request your balance.
Steps for Paying HELB Loan via M-PESA
To use this service, you need to have an M-Pesa account and enough money in your account to make the payment. Here’s how to pay your student loan using M-Pesa Paybill:
Step 1: Go to the M-Pesa Menu on your phone.
Step 2: Select Lipa na M-Pesa
On the M-PESA menu, select ‘Lipa na M-Pesa.’
Step 3: Select Pay Bill
After selecting ‘Pay Bill.’
Step 4: Enter Business Number which is 200800.
Step 5: Enter Your Account Number
In the ‘Account Number’ field, enter your National ID number.
If you are paying for someone else, enter their National ID number.
Step 6: Enter Amount
Enter the amount you want to pay. The minimum amount you can pay is Kshs. 100.
Step 7: Enter M-PESA PIN
Enter your M-PESA PIN and press ‘Send.’
Step 8: Confirm Payment Details
Confirm that the payment details are correct and press ‘OK’ to complete the transaction.
Step 9: Wait for Confirmation
You will receive a confirmation SMS from M-Pesa and HELB confirming that the payment has been received. The payment will be posted to your HELB account within 48 hours.
Other Repayment Methods
There are several repayment methods available to students in Kenya. They include:
- Bank Deposit
- Direct Debit
Let’s explore each in detail.
Bank Deposit is another repayment method that you can use to pay your student loan. Here’s how to use this method:
Go to your bank
- Fill out a deposit slip
- Write your ID number as the account number
- Write the HELB account number
- Enter the amount you want to pay
- Submit the deposit slip to the bank teller
Cheque is another method that you can use to pay your student loan. Here’s how to use this method:
- Write a cheque payable to the Higher Education Loans Board
- Write your ID number on the back of the cheque
- Submit the cheque to the HELB offices
- Submit the form to the HELB offices
Which Repayment Method is Right for You?
Choosing the right repayment method depends on your circumstances. Consider the following factors when choosing a repayment method:
Paying your HELB loan via M-Pesa is quick, convenient, and secure.
By following the above steps, you can easily make your payments from the comfort of your home or office.
Remember to always check your loan balance before making any payments to avoid overpaying for underpaying.
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