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HESLB Loan Application 2022/2023 – Apply Now!!

Are you looking for how to apply for the HESLB Loan application for 2022/2023? If that is what you are looking for, We have published a complete below on how to apply for HESLB Loans for the 2022/2023 academic year.

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What is HESLB?

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:

  1. 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
  2. To collect due loans from loan beneficiaries and use it as revolving fund to sustain operations of the Board
  3. To create synergies through establishing strategic partnerships in student financing ecosystem

Higher Education Students’ Loans Board yearly approves Students’ Loans to Tanzanians studying in higher institutions. For students to be approved for the loan, He or She must apply for the loan and also meet the basic requirements for the loan. Intending applicants can check the application procedure.

Read also: 10 Best students Form six NECTA RESULTS 2022

What are main functions of HESLB – Bodi ya Mikopo ya wanafunzi wa Elimu ya Juu

  1. Assume control and management of loanable funds
  2. Formulate mechanisms for determining eligibility of students for loans
  3. Administer and supervise disbursement and repayment of loans offered since 1994
  4. Issue loans to eligible and needy Higher Education Students
  5. Keep and maintain the register and other records of loan beneficiaries and amounts granted to them
  6. Collect repayments for all loans issued to students since 1994 so as to re-lend the funds to other needy Tanzanian students
  7. Advise the Minister on policy and legal matters related to issuance and recovery of loans to students
  8. Establish operational linkages between the Board, higher learning institutions, loan beneficiaries and employers for effective issuance and recovery of loanable funds
  9. Establish and maintain cooperative network between the Board and other local and international stakeholders in higher education, be it Government or non- government institutions
  10. Conduct research and maintain a databank on other local and external scholarships, sponsorships and awards that may be accessed by Tanzania students
  11. Perform any other duties conferred by the Board or under the Act or any other written laws

HESLB Loan Application guidelines 2022/2023

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).

The following are the HESLB Application Guidelines for 2022/2023 – Vigezo vya kuomba mkopo ya elimu ya juu can be downloaded via below link

Click here to download

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What’s OLAM

HESLB Online Loan Application (OLAMS) 2022/2023.  It’s official Higher Education Students’ Loans Board, HESLB Online Loan Application Management System, OLAMS 2022/2023. Through OLAM is where a student or beneficiary can make application to get loan.

How do I  apply HESLB loan 2022/2023

Are you looking for how to apply for the HESLB Loan application for 2022/2023? If that is what you are looking for, We have published a complete below on how to apply for HESLB Loans for the 2022/2023 academic year.

Higher Education Students’ Loans Board yearly approves Students’ Loans to Tanzanians studying in higher institutions. For students to be approved for the loan, He or She must apply for the loan and also meet the basic requirements for the loan. Intending applicants can check the application procedure.

To apply for HESLB Loan Online, Follow the steps below:

  1. Visit the HESLB Loan OLAMS official portal: https://olas.heslb.go.tz/index.php/olas/Olas.
  2. Navigate & click on ‘Apply for Loan‘ on the portal.
  3. Register on the portal by entering your details & upload relevant documents.
  4. Proceed to make application fees payment for the application. NOTE: The application fees is non-refundable and must be paid via any of these platforms: AIRTEL MONEY, Vodacom M-PESA, TIGO PESA etc.

For more information or inquiries, kindly visit the Higher Education Students’ Loans Board official website.

How to check HESLB loan status?

Did you apply for Higher Education Students’ Loans Board, HESLB Loan 2022/2023? Are you here for information on how to check HESLB Loan application Status 2022/2023? If that is what you are looking for, We have published the steps to check it in this article.

Now assume that you’re already made heslb loan application, so how do you check your loan application status. In this article I tried to show you how your can check your HESLB loan application;

To check HESLB Application Status 2022/2023, follow the steps below:

  1. Visit HESLB Loan Portal: http://olas.heslb.go.tz/index.php/olas/user/login.
  2.  Enter your Form Four Index Number e.g S0143.0078.1990.
  3.  Enter your Password & Security Code.
  4.  Click on ‘LOGIN’
  5.  Wait for the Application Status to display.

For more information or inquiries visit the Higher Education Students’ Loans Board on www.heslb.go.tz

 

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