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Necessary Things To Prepare For HESLB Loan Application 2023/2024 Have you completed form VI? Or, do you a student hoping to apply for a loan for the 2023/2024 academic year? mambo 7 muhimu HESLB 2023/2024
Necessary Things To Prepare For HESLB Loan Application 2023/2024
Prospective loan applicants are advised to prepare by ensuring the following:
- Read the ‘Guideline for Issuance of Loans for the Academic Year 2023/2024’ which will be available at www.heslb.go.tz from the first week of July, 2023.
- Having a bank account with the names contained in his fourth form certificate;
- Have a phone number registered in his name that he will use while in college;
- Verify birth certificate following the instructions of RITA (Tanzania Mainland) or ZCSRA (Zanzibar)
- Prepare a copy of guarantor’s ID. It can be one of NIDA, Voter’s Card, Driver’s License, Travel Pass, or Resident Zanzibari ID;
- Preparing pass-port size of the loan applicant and hi guarantor; and
- Prepare with your NIDA number. If you don’t have one at the moment, it won’t stop you from applying for a loan.
In addition, we would like to inform potential loan applicants that they will have enough time of 90 days to apply for a loan.
Therefore, they are currently advised to prepare the necessary documents to facilitate the loan application when the window opens in July, 2023.
READ THIS:
- Necta Form Six Results 2023
- RITA Apply HESLB Loan Via Verification Number 2023
- Jinsi Ya Ku Apply Mkopo | HESLB Instructions on How To Apply For a Loan
- HESLB Loan Online Application OLAMS 2023/2024
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
Our Functions
- 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
