HELB Reminds Employers to Remit Loan Deductions by the 15th

The Higher Education Loans Board (HELB) has urged employers across Kenya to submit employees’ monthly loan repayments by the 15th of every month to ensure timely processing and avoid penalties.

https://www.kenyans.co.ke/news/127808-helb-warns-employers-remit-monthly-loan-deductions-15th

In its latest reminder, the board emphasised the importance of employers forwarding the amounts deducted from workers’ salaries within the stipulated deadline. The deductions help former beneficiaries repay loans used to finance their higher education.

HELB warned that delays in remitting the funds could attract penalties and potentially affect borrowers’ repayment records. Employees who have loan repayments deducted directly from their salaries depend on their employers to ensure the money reaches the board on time.

The reminder highlights employers’ responsibility to comply with loan repayment requirements and maintain accurate records for affected workers.

The board’s latest notice serves as a call for employers to observe the monthly deadline and avoid unnecessary complications for their employees.

Workers are also encouraged to monitor their loan statements to confirm that salary deductions are reflected correctly and their repayment obligations are being met.

https://www.facebook.com/story.php?story_fbid=1545479594271652&id=Kenyans.co.ke

NYANDEGE feedback-opera-news-app@opera.com