Higher Education Students' Loans Board

  • Dar es Salaam, Tanzania. P.O.Box 76068

  • General call +255 22 286 4643

  • Monday - Friday8:00am - 5:00pm


General information

 

The Higher Education Students Loans Board (HESLB) is tasked by its establishing Act, under Section 7(i) to recover all the due loans extended for former students since July 1994 so that the same money can be used to lend other students, thus rendering the loans scheme sustainable and ensuring a revolving fund.

Employers:

 

1. Submit list of graduate employees with diploma or degree within 28 days from the date on which such person is employed. Use the format below:

S/N Check Number/ PF. Number Full Name as used during study Form Four Index Number With Year of completion (o-level) Mobile Number Current Name (If changed) University/College attended Year of completion (University) Academic Award
i)                
                 

2. Effect 15% deductions from basic salary for billed beneficiaries in payroll

3. Obtain from HESLB  the employer control number and effect the monthly remittances through GePG

4. Submit the proof of payment and deduction schedules to HESLB before 15th date of the subsequent month

Employed beneficiary:

 

1. Inform your employer on your student loan and submit required details

2. Track your loan repayment status to completion

3. Request for loan clearance from HESLB

4. Repay your loan on time to avoid other charges

Self-employed beneficiary and diaspora:

 

1. Request for your loan statement

2. Use the control number indicated in your statement to make payment

3. Repay atleast TZS. 100,000 every month to furnish your loan

4. Track your loan repayment status to completion

5. Request for loan clearance from HESLB

6. Repay your loan on time to avoid other charges

Charges:

 

(i) 10% of principal loan charged as Penalty for delayed repayments (after grace period) - Charged once

(ii) 1% of principal amount as Loan Administration Fee - Charged once

(iii) 6% of outstanding principal loan as Value Retention Fee - Charged annually

(iv) Stipulated charges for defaulting employers e.g delayed remittances(after 15th of the following month)

Note:

 

1. All payments are done through GePG by using control number

2. The control number remains unchanged

3. Repaying your loan on time saves you from penalties and accrued charges

4. Request for clearance from HESLB upon completion of your loan