Procedures Of Loan Repayment at The Higher Education Students’ Loans Board (HESLB)

Loan Repayment Procedure

1.1 LOAN REPAYMENT INFORMATION

-The Higher Education Students’ Loans Board (HESLB) is tasked by its establishing Act, under section 7 (i), to recover all due loans extended to former students since July 1994 so that the same money can be used to lend other students, thus rendering the Loan scheme sustainable and long lasting

-Loans are repaid following expiry of two-year grace period upon successful completion of studies or upon earlier termination of studies for whatsoever reason.

-For commencement of loan repayment, a Loan Beneficiary will have to be availed with a loan statement after submission of the following particulars to the Board through email: repayment@heslb.go.tz 

(i) Full names as used during study
(ii) Higher Learning Institution attended
(iii) Year of Entry and Year of Exit
(iv) Postal and Physical address
(v) Mobile Tel. No.
(vi) E-mail
(vii) Employment status

-Loans are repaid at a rate of not less than 15% of monthly income/salary of loan beneficiaries and Tzs. 100,000.00 for self-employed loan beneficiaries.

2.0 LOAN REPAYMENT MODES
All payments are payable to Higher Education Students’ Loans Board, by crossed cheque, Bankers direct transfer/standing order/EFT or CASH DEPOSIT to HESLB collection A/C in any of the following banks:
CRDB Bank Account No. 01J1028467503 SWIFT CODE: CORVUTZTZ

NMB Account No. 2011100205 SWIFT CODE: NMIBTZTZ

Tanzania Postal Bank Account No. ECA 024 000032 SWIFT CODE: TAPBTZTZ

3.0 COMPLETION OF LOAN REPAYMENT
Upon completion of loan repayment, kindly seek clearance certificate from HESLB. Please note that only HESLB can confirm your loan repayment status. HESLB shall confirm loan repayment completion by issuing certificate of clearance.

4.0 GENERAL ENQUIRY
For enquiries on loan repayment, kindly e-mail: repayment@heslb.go.tz

Collection Accounts
You may deposit your repayment installment through the Bank Accounts mentioned below and thereafter submit the Deposit slip to HESLB Offices for recording.

CRDB Bank Account No. 01J1028467503 SWIFT CODE: CORVUTZTZ

NMB Account No. 2011100205 SWIFT CODE: NMIBTZTZ

Tanzania Postal Bank Account No. ECA 024 000032 SWIFT CODE: TAPBTZTZ

Download HESLB Loan Monthly Repayment Schedule. CLICK HERE!

Download Employment Change Notification. CLICK HERE!

Download Loan Repayment Enquiry Form. CLICK HERE!