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Kama hujalipa HELB beware!!
Rank: Elder Joined: 12/11/2008 Posts: 2,306
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@Bwenyenye. Same story here. My balance was deducted in full by the previous employer only to later be told that I has a balance and had already been charged penalties worth Kshs 90K!!! I went over and paid the principal amount plus interest and they waived the penalties. Got a clearance cert like PAP. The scariest thing for me is to have my name with the new credit reference bureaus. If this happens to you, you can forget about getting a loan form anyone in Kenya. Like the rest I say watu walipe madeni. Great men are not always wise, neither do the aged understand judgement...
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Rank: Hello Joined: 4/16/2011 Posts: 3 Location: Texas
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Rizzo1 wrote:MaichBlack wrote:bwenyenye wrote:Good people,
I visited the site and realised that 'malenge ni mboga!' The guys have nyoroshad me penalties mbaya. Honestly I forgot that I had a small balance. Now the amount has doubled. Can they overlook the penalties if i pay what I owed in lumpsum? Any experiences? That's actually the policy. Simply do them a cheque for the original balance. You can email your account supervisor for furthter information. @Maich, can you confirm that 100% bwana! If I pay back the original amount + interest in lumpsum, the penalties are waived?? My original amount was 25K, but now I owe 110k because of these penalties: jul 2010 Interest/Rep PENALTY=36000 aug 2010 Interest/Rep PENALTY=5000 sep 2010 Interest/Rep PENALTY=5000 oct 2010 Interest/Rep PENALTY=5000 nov 2010 Interest/Rep PENALTY=5000 dec 2010 Interest/Rep PENALTY=5000 jan 2010 Interest/Rep PENALTY=5000 feb 2010 Interest/Rep PENALTY=5000 mar 2010 Interest/Rep PENALTY=5000 Asante sana Maich and everyone, Y'all just saved me 70 grand. My balance is now 0.
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Rank: Member Joined: 7/9/2011 Posts: 730 Location: Nairobi
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i hadnt paid mine for a while because i dint have source of income, but when i started i paid half the bill in lumpsome and in their own wisdom they still charged me a fine!!!! i had just paid what would have taken 2 years to recoup through their monthly deductions at once but they still punished me. I am now avoiding their charges by paying a little every month and plan to clear the balance by December this year our goals are best achieved indirectly
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Rank: Member Joined: 6/29/2011 Posts: 233
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kiterunner wrote:i hadnt paid mine for a while because i dint have source of income, but when i started i paid half the bill in lumpsome and in their own wisdom they still charged me a fine!!!! i had just paid what would have taken 2 years to recoup through their monthly deductions at once but they still punished me. I am now avoiding their charges by paying a little every month and plan to clear the balance by December this year I have been making irregular payments. I have accrued some penalties. Now...if i make annual lump sum payments, instead of monthly payments,i wont get the penalties waived? Enyewe malenge ni mboga... Excelsior
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Rank: Veteran Joined: 10/25/2007 Posts: 1,574
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incognito wrote:kiterunner wrote:i hadnt paid mine for a while because i dint have source of income, but when i started i paid half the bill in lumpsome and in their own wisdom they still charged me a fine!!!! i had just paid what would have taken 2 years to recoup through their monthly deductions at once but they still punished me. I am now avoiding their charges by paying a little every month and plan to clear the balance by December this year I have been making irregular payments. I have accrued some penalties. Now...if i make annual lump sum payments, instead of monthly payments,i wont get the penalties waived? Enyewe malenge ni mboga... Maybe you make annual lumpsum payments IN ADVANCE. If a monthly payment is due, and you do not settle it, they will add Ksh 5000 penalty for that month. Every July, they also add Ksh 1000 (I don't know why). If you pay the balance and interests in one lumpsum payment, they will waive all the penalties. Set out to correct the world's wrongs and you will most certainly wind up adding to them.
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Rank: Member Joined: 10/16/2006 Posts: 21
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The 1,000 that is charged every July is Ledger fees.
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Rank: Member Joined: 11/21/2006 Posts: 608 Location: Ruiru
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Watu walipe HELB. I cleared mine in Feb and I think HELB are more efficient than you give credit to them. I got a certificate and am now HELB FREE.They charge 1000/= ledger fees per year.... that's peanut to me given all the infrastructure in place to manage the accounts. "..I am because we are. "― Ubuntu, Umtu,
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Rank: Elder Joined: 6/27/2008 Posts: 4,114
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Unpaid university loan returns to haunt candidate seeking electoral job..... http://www.businessdaily.../-/11wj6toz/-/index.htmlNothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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Rank: Member Joined: 11/21/2006 Posts: 608 Location: Ruiru
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I think this is a good move. People seeking leadership positions should be ready and willing to lead from the front in all aspects. "..I am because we are. "― Ubuntu, Umtu,
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Rank: Member Joined: 7/9/2011 Posts: 730 Location: Nairobi
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Huray, I have finally cleared my HELB madenis and the statement at the end of this month will show NIL balance, it feels good to be debt free (albeit temporarily) :) our goals are best achieved indirectly
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Rank: Veteran Joined: 5/11/2010 Posts: 918
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MaichBlack wrote:Apple Bees wrote:can someone nego to avoid the 5k penalty? i want to pay lumpsum. was very diligent from 2003-2006, but i stopped kidogo, now i want to pay everything, but not the 5k monthly penalties @Apple Bees - You are in luck. Their policy is "If you want to avoid the penalties, pay the lump sum". You don't even have to negotiate. They will simply give you the statement, you give them a cheque and voila you are one debt down!!! Hey, just stumbled upon this thread an it sounds just like what I need. Here's my situation: I too was saddled with a lot of liability by way of accumulated monthly fines. In fact, these were erroneous but I never had any success contesting the fact so I'm stuck with them like that. However, I've been paying diligently for the last 10 months now. I'm willing to give these guys a lump sum if they can waiver the fines. Is it accurate to expect to pay the principle plus interest accrued to date less the much I've already remitted? If some one knows, please advice me. Thanks. Learn first to treat your time as you would your money, then treat your money as you do your time.
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Rank: Member Joined: 11/26/2007 Posts: 118
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Apple Bees wrote:can someone nego to avoid the 5k penalty? i want to pay lumpsum. was very diligent from 2003-2006, but i stopped kidogo, now i want to pay everything, but not the 5k monthly penalties If you are still stuck just go and tell them you have just got a job. They will remove the penalty. Check out Mr Lengoiboni or Mbotu at repayments t assist you. Give Away FREE Reports and Affiliate Tools.
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Rank: Veteran Joined: 5/11/2010 Posts: 918
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new investor wrote:Apple Bees wrote:can someone nego to avoid the 5k penalty? i want to pay lumpsum. was very diligent from 2003-2006, but i stopped kidogo, now i want to pay everything, but not the 5k monthly penalties If you are still stuck just go and tell them you have just got a job. They will remove the penalty. Check out Mr Lengoiboni or Mbotu at repayments t assist you. I have emailed this Michael Mbotu fellow three times now with no reply and yet he is supposed to be my loan manager. Could anyone with information regarding the policies around paying lump sum please advise me? I elucidated my situation two posts ago in this thread. I live away from Nairobi and HELB is yet to open a branch here in my coun(d)y.  I suppose I could call if all else fails... Learn first to treat your time as you would your money, then treat your money as you do your time.
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Rank: Member Joined: 2/20/2007 Posts: 359
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My experience is rather different and very encouraging.
I was not servicing my loan at all. I contacted my loan officer (not manager) by email (because phonecalls have no record of what was said) and;
1. Explained why I could not pay before and attached some documents to support my reason.
2. Offered to clear all of it lumpsome immediately.
3. Politely requested for penalties to be waived.
My officer responded within 48 hrs with the good news that my loan manager had accepted and approved my prayers, provided I cleared before the end of the month, after which the loan status is subject to further penalty.
I paid immediately, got a certificate of clearance on the same day and a letter of congratulations a month later.
They are amazingly efficient and understanding. Nothing to fear.
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Rank: Veteran Joined: 5/11/2010 Posts: 918
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slykat wrote:My experience is rather different and very encouraging.
I was not servicing my loan at all. I contacted my loan officer (not manager) by email (because phonecalls have no record of what was said) and;
1. Explained why I could not pay before and attached some documents to support my reason.
2. Offered to clear all of it lumpsome immediately.
3. Politely requested for penalties to be waived.
My officer responded within 48 hrs with the good news that my loan manager had accepted and approved my prayers, provided I cleared before the end of the month, after which the loan status is subject to further penalty.
I paid immediately, got a certificate of clearance on the same day and a letter of congratulations a month later.
They are amazingly efficient and understanding. Nothing to fear.
I wish I could say the same thing! Learn first to treat your time as you would your money, then treat your money as you do your time.
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Rank: Member Joined: 8/14/2009 Posts: 57
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seppuku wrote:slykat wrote:My experience is rather different and very encouraging.
I was not servicing my loan at all. I contacted my loan officer (not manager) by email (because phonecalls have no record of what was said) and;
1. Explained why I could not pay before and attached some documents to support my reason.
2. Offered to clear all of it lumpsome immediately.
3. Politely requested for penalties to be waived.
My officer responded within 48 hrs with the good news that my loan manager had accepted and approved my prayers, provided I cleared before the end of the month, after which the loan status is subject to further penalty.
I paid immediately, got a certificate of clearance on the same day and a letter of congratulations a month later.
They are amazingly efficient and understanding. Nothing to fear.
I wish I could say the same thing! My experience,thanks to wazuans,i asked for my statement and was shocked penalties amounting to 40k while my bal was 1.4k. LiVE sIMpLE thiNk BiG
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Rank: Veteran Joined: 11/1/2008 Posts: 834
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now u have to register to get loan repayment status from thier site... and it requires pin no. mandatory field!!! sisi kwisha If you are going to be thinking only one thing, you might as well be thinking big. -Donald J . Trump
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Rank: Veteran Joined: 10/11/2009 Posts: 1,223
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If you pay lumpsome the penalties are waived. History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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Rank: Member Joined: 11/15/2010 Posts: 454 Location: Nairobi
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Will this HELB clearance issue affect the Kajuras(Councilors), Youth reps, women reps etc or its only affecting those vying for the posts of Bunge and above? What if I have been paying my monthly fee as per their request..Will I be barred to contest if I haven't cleared the Loan? ....He who began a good work in you will carry it on to completion..
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Rank: Veteran Joined: 11/1/2008 Posts: 834
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BGL wrote:If you pay lumpsome the penalties are waived. who can i speak to? contact person and number please.! wanyama(at)dr (dot) com If you are going to be thinking only one thing, you might as well be thinking big. -Donald J . Trump
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