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New HESLB guidelines and criteria for loan application in Tanzania 2022/2023

Today HESLB announced the new guidelines and criteria for loan application for academic year 2022/2023. Get information also about HESLB news, HESLB login, Bodi ya mikopo, HESLB online application guidelines and many more. The new news regarding heslb loan application to start was advertised by Ministry of education Mr. Adolf Mkenda via HESLB Instagram page

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Therefore in this article we will show you new HESLB guidelines and criteria for loan application in Tanzania.

10 Instructions for loan application in Tanzania 2022/2023

Both loan applicants for Academic Year 2021/2022 are required to:-
(i) Read and follow application procedures stated in these guidelines;
(ii) Ensure that the Form Four Index Number provided when applying for
loan matches with the one used in your application for admission to
University or College;
(iii) Applicants who seated for Form Four Examinations more than once
are required to list all Form Four Index Numbers used while applying
for loan;

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(iv) Ensure that all documents submitted to support your application
have been certified by relevant authorities as specified in these
guidelines;
(v) Ensure that all birth/death certicates are certified by the
Registration, Insolvency and Trusteeship Agency (RITA), or Zanzibar
Civil Status Registration Agency (ZCSRA) “Wakala wa Usajili wa
Matukio ya Kijamii Zanzibar “or designated officer(s) to ascertain
their validity;
(vi) Ensure all Birth certificates for students who were born in foreign
countries and Death Certificates for Tanzanian Parents who died in
foreign countries are certified by respective Embassies located in the
United Republic of Tanzania;
(vii) Ensure that your loan application form is dully filled and signed
before submission;
(viii) Applications must be completed with correct (and accurate) details;
(ix) Each applicant is advised to keep a copy of complete package of
the application form submitted to HESLB for future reference (if
required) and
(x) All applicants must strictly observe the set application deadline.

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10 HESLB guidelines and criteria for loan application 2022/2023

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The following are general eligibility criteria for all HESLB loan application applicant

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(i) Must be Tanzanian;
(ii) Must have applied for a loan through the Online Loan
Application and Management System (OLAMS);
(iii) Must have been admitted to an accredited Higher Education
Institution on full time basis except for Students Admitted at the
Open University of Tanzania (OUT);
(iv) Must not have funding from other sources to finance his/her
education;
(v) For undergraduate applicants, must not have a formal or
regular income from employment, either public or private
sector.
(vi) Must be a continuing student with results/progress reports to
show that he/she has passed the examinations necessary to
enable him/her to advance to the following year or stage of
study;
(vii) For a student’s loan benefciary seeking to re-apply for loan
after dropping out from one programme/college/university)
he/she must repay at least 25% of the previous loan amount
before applying for a new loan. Payment of 25% of the
previously granted loans is not a guarantee for new loans allocation.(viii)Loans shall be allocated in the order of established Neediness, and programme clustering.
(ix) Continuing Students applying for loans for the first time must have completed ACSEE or other equivalent qualifications within Five (5) years, i.e. from 2017-2021 inclusive.
(x) All other applicants who will secure admission to pursue various degree programmes in the academic year 2021/2022 must have completed their ACSEE or other equivalent qualifications within five (5) years, i.e. 2017-2021 inclusive.

HESLB loan Application Fees

Applicants must pay a non-refundable, one-off application fee of TZS 30,000/=
through GePG using a provided Control Number vide bank (NMB, CRDB, TPB)
or mobile money networks (Vodacom M-PESA, TIGO PESA, and AIRTEL MONEY, HALOPESA
etc) for details visit: https://olas.heslb.go.tz

What’s HESLB loan application deadline.

According to HESLB guidelines and criteria guidebook, loan Application window for 2021/2022 opens on July 19 2022 will last after 1 month

How to to appeal HESLB loan – HESLB appeal form 2022/2023

According to HESLB guidelines and criteria guide book 2022 provides the room to appeal against awarded loan amount. check guide on HESLB appeal form, appeal HESLB login, HESLB loan appeal status. Applicants who are not satisfied with the allocations may appeal by completing relevant Online Appeal Forms, (details to be provided later).
Allocation of successful appeals will depend on availability of funds.

Conclusion
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