Heslb Loan Online Applications ,OLAMS 2023/24 – www.heslb.go.tz
THE HIGHER EDUCATION STUDENTS’ LOANS BOARD [HESLB] LOAN ONLINE APPLICATIONS (OLAMS) 2023/24
THE HIGHER EDUCATION STUDENTS’ LOANS BOARD [HESLB]
HESLB LOAN ONLINE APPLICATIONS (OLAMS) 2023/24
THE OVERVIEWS
The Higher Education Students’ Loans Board (HESLB) is a body corporate established under Act No.9 of 2004 (as amended in 2007, 2014 and 2016) with the objective of assisting needy and eligible Tanzania students to access loans and grants for higher education. The main mandates of HESLB include :-
- To assist, on a loan basis, needy students who secure admission in accredited higher learning institutions, but who have no economic power to pay for the costs of their education
- To collect due loans from loan beneficiaries and use it as revolving fund to sustain operations of the Board
- To create synergies through establishing strategic partnerships in student financing ecosystem
The Students’ loan board ,HESLB is guided by the following terminologies which are explained below :-
MISSION
To sustainably manage issuance of tertiary education loans and grants to eligible Tanzanian students and loans collection by embracing innovations, skilled workforce and synergies
Strategic Pillars
- Optimal Lending and Collections
- Business processes Reengineering and Automation
- Strategic Partnerships
CORE VALUES
Accountability
- We feel obliged to pursue excellence
Customer-Centric
- We recognize our customers and respond to their needs
Teamwork
- We work to achieve common goals
Professionalism
- We are qualified and passionate in delivering our services
Innovation
- We embrace new technology to address challenges
What are the major functions of HESLB ???
- Assume control and management of loanable funds
- Formulate mechanisms for determining eligibility of students for loans
- Administer and supervise disbursement and repayment of loans offered since 1994
- Issue loans to eligible and needy Higher Education Students
- Keep and maintain the register and other records of loan beneficiaries and amounts granted to them
- Collect repayments for all loans issued to students since 1994 so as to re-lend the funds to other needy Tanzanian students
- Advise the Minister on policy and legal matters related to issuance and recovery of loans to students
- Establish operational linkages between the Board, higher learning institutions, loan beneficiaries and employers for effective issuance and recovery of loanable funds
- Establish and maintain cooperative network between the Board and other local and international stakeholders in higher education, be it Government or non- government institutions
- Conduct research and maintain a databank on other local and external scholarships, sponsorships and awards that may be accessed by Tanzania students
- Perform any other duties conferred by the Board or under the Act or any other written laws
Who are required to Apply for HESLB loan ???
HESLB executes one of the key mandates in administering loans to students pursuing higher education. Every year, the Board prepares the Loan Application almanac to guide on the process of loan issuance to needy and eligible students. As per the almanac, Loan Application Window opens once annually. Both undergraduate and postgraduate students who are eligible are invited to apply.
Criteria on eligibility and the application process is stipulated in the Loan Application Guideline for the respective year which can be downloaded on this site. Prospective applicants are encouraged to read the guidelines carefully, prepare the prerequisites and make their application online through the Online Application and Management System (OLAMS).
HESLB may provide loans to cover all or some of the following items: –
- Meals and Accommodation (MA);
- Tuition Fee (TF);
- Books and Stationery Expenses (BS);
- Special Faculty Requirements (SFR);
- Research Expenses (RES); and
- Field Practical Training (FPT).
How much does it cost for HESLB loan Applications ???
Applicants must pay a non-refundable, one-off application fee of TZS 30,000.00 through GePG using a provided Control Number vide bank (NMB, CRDB, TCB) or mobile money networks (Vodacom M-PESA, TIGO PESA, and AIRTEL MONEY etc.)
The Important things to remember during HESLB Loan Applications
- HESLB will consider loan application from students whose admissions have been uploaded to TCU and data accessed by HESLB through API.
- All loan applications will be done through Online Loan Application and Management System (OLAMS). Applicants are REMINDED to use the same Form Four Index Number used while applying for admission.
- Upon completion of online loan application process, applicants shall be required to print out the application forms and Loan Agreements, obtain appropriate authentications, sign the forms, attach necessary documents and upload into OLAMS.
- Applicants are REMINDED to keep full set of the loan applications, attachments submitted, and EMS receipts used for mailing their applications to HESLB for reference and ease of tracking when necessary before submitting the same through EMS to:-
The Executive Director,
Higher Education Students’ Loans Board,
HESLB House, 1 Kilimo Street, TAZARA Area,
Mandela Road,
P.O. Box 76068,
15471 Dar es Salaam,
Tanzania.
HESLB ONLINE APPLICATIONS (OLAMS) FOR ACADEMIC YEAR 2023/24
How to Apply HESLB Loan Online ?
When Application window for Academic Year 2023/24 starts ,All loan Applicants should apply for the loan in HESLB website and After Submitting their loan form Online ,They are remembered to Download HESLB Submitted form and send it physical through Postal Adress given Above . For the HESLB Loans Applications just click on below link :-
HESLB ONLINE APPLICATIONS CLICK HERE !!!
For more HESLB Applications Guidelines just visit on :- https://www.heslb.go.tz/application_guideline?
For more Informations about HESLB just visit on :- https://www.heslb.go.tz/home
HESLB CONTACTS INFORMATION
HESLB House,
1 Kilimo Street,
TAZARA Area,
Mandela Road,
P.O.Box 76068,
15471 Dar es Salaam,
Tanzania
Phone Number : +255 22 286 4643 ,+255 22 286 4640
Email : info@heslb.go.tz
