EMPLOYER

EMPLOYER

Obligation of the Employer

All employers in Kenya have three obligations to HELB, namely, to Disclose, Deduct and Discharge payments to HELB.

Disclose:

Employers are required to inform HELB upon recruitment of a beneficiary. You can now do this online on the HELB Employers Portal on www.helb.co.ke by uploading list of all staff or new staff. You will get a report on beneficiaries, their outstanding balances and monthly deduction rate.

Deduct:

HELB shares monthly deduction rate for all loanees with outstanding balances. After uploading list of staff, the employer will get a report on beneficiaries, their outstanding balances and monthly deduction rate. The Employer then goes ahead and makes deductions as listed in the monthly deduction rate. HELB may also write directly to Employers to make deductions as per generated repayment plan (billing schedule). Failure to deduct may attract a penalty of 5% per month.

Discharge (Remit):

All student loans deducted by employer must be remitted to HELB by the 15th day of the following month. Failure to remit or delayed remittance may attract penalties of 5% per month.