All loan applications for the Higher Education Students’ Loans Board (HESLB) for the academic year 2024/25 will be conducted through the Online Loan Application and Management System (OLAMS). This guide will help you understand the necessary steps for applying for the loan.
Overview of the Higher Education Students’ Loans Board (HESLB)
The Higher Education Students’ Loans Board (HESLB) is an organization dedicated to providing financial assistance to students in higher education institutions in Tanzania. HESLB’s mission is to enable access to higher education for all qualified Tanzanian students by offering loans and scholarships. The Online Loan Application and Management System (OLAMS) is the primary platform through which students can apply for loans and manage their loan accounts.
HESLB and OLAMS are crucial resources for Tanzanian students seeking financial aid for higher education. The platform is designed to be user-friendly, offering a range of services to ensure smooth application and management of student loans and scholarships.
How to Apply for HESLB Loan Application 2024
1. Gather All Necessary Documents
Before beginning the application process, make sure you have all the required documents such as:
- National ID
- Birth certificate
- Copies of Form Four and Form Six examination results
- Academic transcripts and any other essential documents. Refer to the official HESLB website for a complete list.
2. Register an Account
Visit the HESLB Online Loan Application System (OLAMS) site by clicking here. Click on “Register” and follow the instructions to create your account. Keep your login details secure for future use.
3. Fill Out the Application Form
Log into your account and complete the application form with accurate personal details, academic qualifications, and financial information. Ensure all information provided is correct.
4. Submit and Track Application
After confirming the accuracy of your details, submit your application. Continuously monitor your OLAMS account to track the progress of your application.
5. Await Decision
Once submitted, await HESLB’s review of your application. If successful, you will be granted a loan. Be patient during this process as it may take a few weeks.
Mode of Application
All loan applications will be conducted through OLAMS. Applicants are required to use the same Form Four Index Number used when applying for admission.
After completing the online loan application process, the applicant should print out the application form and Loan Agreement. Then, obtain the necessary authentications, sign the forms, and attach/upload required documents, including pages (number 2 and 5), into OLAMS.
Click here to read the application guideline before applying for the loan.
Loan Application Fee
Applicants must pay a non-refundable, one-time application fee of TZS 30,000.00 using a system-generated control number via bank or mobile money networks. For details, visit: HESLB OLAS.
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- For any assistance, contact us through 0736 665 533 from 08:00 am to 05:00 pm.
- NECTA Students (For applicants who sat for Form Four Examinations conducted by NECTA in Tanzania / Kwa wanafunzi waliofanya mtihani wa Kidato cha IV inayosimamiwa na NECTA nchini Tanzania)
- Non-NECTA Students (For applicants who sat for non-NECTA Form Four Examinations or studied overseas / Kwa waombaji waliofanya mtihani wa Kidato cha Nne nchini Tanzania usio wa NECTA au waliosoma nje ya Tanzania)
Remember that attention to detail and persistence are crucial to a successful HESLB loan application in Tanzania. Best of luck with your application!
