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 lastingLoans 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.tzFull names as used during studyHigher Learning Institution attendedYear of Entry and Year of ExitPostal and Physical addressLoans 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.LOAN REPAYMENT MODES
All payments are payable to Higher EducationStudents’ 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:
BANK ACCOUNT No. SWIFT CODES
NMB 2011100205 NMIBTZTZ
CRDB – Bank 01J1028467503 CORVUTZTZ
Tanzania Postal Bank CCA-024-00000032 TAPBTZTZ
3.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 confirmloan repayment completion by issuing certificate of clearance
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