Looking for loan board login,application process and interest rates ? Read this article now
Loan board is a short form of Higher Education Students Loans Board (HESLB) which is 'bodi ya mikopo' in Swahili.
So, what is HESLB? Higher Education Students' Loans Board (HESLB) is a Tanzanian government agency that provides loans to students pursuing higher education in Tanzania.
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| HESLB Logo |
HESLB loans can be used to cover tuition fees, living expenses, and other education-related costs.
Loan Board Requirements
To apply for a HESLB loan, students must:
- Be Tanzanian citizens
- Be admitted to a recognized higher education institution in Tanzania
- Have good academic standing
- Meet the financial eligibility requirements
Loan Board Application
Students can apply for a HESLB loan online through the HESLB website's Online Loan Application and Management Systems (OLAMS).
The application process is typically open from May to September each year.
Once a student's loan application has been approved, they will be able to login to their HESLB account to view their loan details and make payments. HESLB loan payments can be made online, through mobile money, or at a bank branch.
What is loan board interest rates?The interest rate on HESLB loans is 4% per annum. This means that if you borrow Tsh 1 million, you will pay Tsh 40,000 in interest each year.
Loan Board ard Login
To login to your HESLB account:
- Go to the HESLB website
- Click on the "Login" button
- Enter your username and password
- Click on the "Login" button
Once you are logged in to your HESLB account, you will be able to:
- View your loan details
- Make loan payments
- View your repayment history
- Update your personal information
Loan Board Loans summary
Here is a summary of the HESLB loan application process, login, and interest rates:
Loan Board Application process:
- Go to the HESLB website
- Click on the "Apply for Loan" button
- Create an account and fill out the loan application form
- Submit your application
Loan Board Login Process
- Go to the HESLB website
- Click on the "Login" button
- Enter your username and password
- Click on the "Login" button
Loan Board Interest rates
- 4% per annum
- Very competitive
Loan Board in Conclusion
HESLB loans is a great way for Tanzanian students to finance their higher education especially those who come from poor backgrounds.
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