HESLB Loan Board Application, Login and Interest Rates

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. 

HESLB Loan board 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.


Write a comment

Subscribe to Loans vLog YouTube Channel

Subscribe to Loans vLog YouTube Channel
Loans vLog