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HELB Loan Repayment Calculator Kenya

Calculate your HELB loan balance, monthly repayment obligation, total interest owed, and projected repayment completion year based on your loan details.

💰 Finance & TaxHELB Act & helb.co.keUpdated annually

Sum of all HELB disbursements over your study period

Estimated Current BalanceIncluding 4% p.a. simple interest

KES 316,800

Principal: KES 240,000 + Interest: KES 76,800

Monthly Obligation

KES 5,000

10% of gross salary

Time to Clear

5.3 years

64 months

Completion Year

2032

At current salary

Repayment Breakdown

ItemAmount
Original Loan PrincipalKES 240,000
Accrued Interest (4% × 8 yrs)+ KES 76,800
Estimated Current BalanceKES 316,800
Late payment penalty (if applicable)+ KES 15,840

Key Repayment Rules

  • •Interest starts accruing from the date of first disbursement at 4% per annum simple interest
  • •Grace period of 1 year after completion of studies before repayment begins
  • •Minimum monthly repayment is KES 1,500 or 10% of gross salary, whichever is higher
  • •Late payment attracts a 5% penalty on outstanding amount
  • •Maximum repayment period is 15 years from the start of repayment
  • •Employers are required to deduct HELB repayments from salary (statutory deduction)
  • •Lump sum payments can be made to reduce the principal and shorten the repayment period

Frequently Asked Questions

What is the HELB loan interest rate?
HELB charges 4% per annum simple interest on the outstanding loan balance. Interest starts accruing from the date of first disbursement, not from when you start repaying.
When do I start repaying my HELB loan?
You get a 1-year grace period after completing your studies. After that, repayment begins. Your employer is required by law to deduct HELB payments from your salary.
What is the minimum HELB monthly repayment?
The minimum is KES 1,500 per month or 10% of your gross salary, whichever is higher. Making higher payments reduces your total interest and shortens the repayment period.
What happens if I don't repay my HELB loan?
HELB can list you with credit reference bureaus (CRB), preventing you from accessing other credit. A 5% late penalty is also charged on the outstanding amount. HELB can also pursue legal action.
Can I make lump sum payments to HELB?
Yes, HELB accepts lump sum payments which reduce the principal amount. This is recommended to cut down on total interest paid and shorten the repayment period.

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