HESLB Loan Repayments | www.heslb.go.tz
After completion of the Higher Education, a loan beneficiary shall be required to repay his/ her loan through monthly deductions of not less than 15% of salary/income.
Loan Repayment Requirements
Value Retention Fee
For the purpose making the loan scheme sustainable, a Value Retention Fee equal to 6% (six percent) per annum from the date of receiving loan items is charged.
Loan Administration Fee
All students’ loans shall be subjected to 1% Loan
If a beneficiary fails to repay his/her loan after expiration of grace period of 24 months after completion of studies, shall be charged a 10% penalty.