Terms and Conditions: 100% Penalty Waiver

Terms and Conditions: 100% Penalty Waiver

The Terms & Conditions for the 100% Covid-19 Penalty Waiver are as follows:

  • The waiver is given on penalties only
  • Pay the loan in lumpsum.
  • If your details are already with the external Debt Collectors, you will still be required to pay the debt collector’s commission and the amount advised to pay after the waiver.
  • The assumption is that the the respondent is a HELB loan beneficiary (loanee).
  • This information shall be used solely for the purpose of university/college student loan recovery from beneficiaries.


Take advantage of the 100% COVID-19 Penalty Waiver today!


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