How does the HELB Loan Calculator work?

The HELB Loan Calculator uses the latest Kenya tax rates and regulations to provide accurate calculations.

Is the HELB Loan Calculator free to use?

Yes, the HELB Loan Calculator is completely free to use. No registration or payment required.

Are the calculations accurate?

Yes, our HELB Loan Calculator uses the most current Kenya Revenue Authority (KRA) rates and government regulations to ensure accuracy.

Can I use this calculator on mobile?

Yes, the HELB Loan Calculator is fully responsive and works perfectly on mobile devices, tablets, and desktop computers.

How is HELB loan interest calculated?

HELB loans have a subsidized interest rate of 4% per annum, calculated on the outstanding balance and compounded annually.

When do I start repaying my HELB loan?

HELB loan repayment starts one year after completion of studies or when you start earning, whichever comes first.

What happens if I default on HELB loan?

Defaulting on HELB loan can result in penalties, blacklisting with CRB, and legal action. It's important to maintain regular payments.

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HELB Loan Calculator

Loan type

Undergraduate (4%)TVET (4%)Jielimishe (10%)

Loan amount

KES

Repayment period

More options & notes

Max KES 80,000/year · 10-year repayment · 1-year grace period

Defaulting attracts KES 5,000/month penalty and possible CRB listing. Undergraduate and TVET loans have a one-year grace period after studies.

KES 607.47

Monthly payment · 4% p.a.

Loan principalKES 60,000

Total interestKES 12,896.5

Total repaymentKES 72,896.5

Monthly default penaltyKES 5,000

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How to use this calculator

Enter your details below to use the HELB Loan Calculator. Results update as you change inputs.

Definition

Calculate your Higher Education Loans Board loan repayments and interest

HELB loan planning

HELB repayment timing depends on graduation and income. Model interest and balances so you can plan monthly cash flow after school.