Loan Repayment and Recovery
Loan Repayment and Recovery |
The department consists of two sections:
Undergraduate section which deals with recovery of undergraduate loans and
Alternative section that is charged with the responsibility of disbursing and recovering of postgraduate loans, continuing education loans and administration of scholarships.
Allocation section charged with the responsibility of collection and updates of loanees’ accounts
Objectives:
Maximize loan recovery,
Reduce non-performing loan,
Provide quality customer care.
Mission of the department
To recover all outstanding university students’ loans and create a viable Revolving Fund to promote access, equity and equality of opportunity for Kenyans pursuing higher education
Quality policy statement
The Loan Repayment and Recovery Department is committed to recovering all matured loans with utmost diligence in line with the HELB Act 1995 and in conformity to the dynamic customer expectations.
When is the loan due for repayment?
Loan repayment starts within one year of completion of studies or within such a period as the Board decides to recall the loan whichever is earlier. You must pay back your student loan even if you do not graduate, you do not get a job or your education did not meet your expectation.
Paying your loan on time will help to build a good credit history, which makes it easier to borrow money in future. If you do not make timely payments, you will face serious consequences including an adverse credit history and/or referral of your loan to a collection agency or litigation.
It is worth noting that civil proceedings under HELB Act 1995 for recovery are exempted from the provisions of the Limitation of Actions Act
With the information we provide about helb repayment contacts
, We hope you can be helped and hopefully set a precedent with you . Or also you can
see our other references are also others which are not less good about Financial Aid
, So and we thank you for visiting.
open student loan : http://www.helb.co.ke/loan-repayment-and-recovery/
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