Employers' Obligations
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The employer should notify HESLB about new employers of diploma or degree holder.
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Deduct 15% of the loan beneficiaries and submit to HESLB within 15 days of the coming month after HESLB analysing and submitting the credentials of the beneficiary to the employer.
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Employer who fails to deduct salary to loan beneficiary and not submitting to HESLB within the scheduled period will be charged 10% of the amount of monthly deduction.
Beneficiaries' Obligations
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Loan beneficiary has to be availed with a loan statement after completion of his studies.
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To start repaying within or after 24 months.
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To repay 15% for those who are employed or TZS 100000 for graduates who are self-employed.
