All employers in Kenya have three obligations to HELB, namely, to Disclose, Deduct and Discharge payments to HELB.
Employers are required to inform HELB upon recruitment of a beneficiary. You can now do this online on the HELB Employers Portal by uploading list of all staff or new staff. You will get a report on beneficiaries, their outstanding balances and monthly deduction rate.
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.
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.
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The Higher Education Loans Board (HELB) is a statutory body established in July 1995 by an Act of Parliament ‘Higher Education Loans Board Act’ Cap 213A.It is a state corporation in the Ministry of Education.The Board is domiciled and operates within the republic of Kenya.