HESLB Loan Defaulters
The Higher Education Students’ Loans Board (HESLB), hereby notifies all loan beneficiaries who are not servicing their loans and whose names appear herein that they have breached a contract as per the HESLB Act. No. 9 of 2004 (as amended) Section 19 (1).
These Loan Defaulters are further notified that according to HESLB Act No. 9 0f 2004 the Board, intends to take the following steps: –
(i) Shall be liable to legal action as per Section 19 (a) (1) of the HESLB Act.
(ii) Shall be subjected to additional monthly Penalty of 5% p.a. on the outstanding loans, over and above the 5% that was levied earlier.
(iii) Shall have his/her outstanding loan loaded with the cost of tracing that will be charged after being traced by the Board.
(iv) Shall be blacklisted and his/her information shall be submitted to the Credit Reference Bureaux, following which they shall be barred from access to credit facilities from all Financial Institutions.
(v) Shall be barred from securing Government scholarships or admission for Postgraduate studies in any Higher Learning Institution within and outside the country.
(vi) Their details shall be submitted to the Ministry of Home Affairs, Department of Immigration and all Embassies where they will be denied approval for travelling abroad.
All Loan Beneficiaries whose names have been published in the newspapers and on heslb website (https://www.heslb.go.tz/) are required to repay their due loans immediately to avoid facing the above listed measures.
In order to get your loan statement with control number for payment, you are requested to register to HESLB Repayment Portal using your form four index number that was used in disbursement of funds while at college. If you have forgotten the number, you can proceed by clicking ‘Forgotten F4 Index no’ and follow instructions.
CLICK HERE FOR: HESLB Repayment
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