ANNOUNCEMENT

ONLINE LOAN APPLICATION SYSTEM GUIDELINES

1.0 INTRODUCTION

The Higher Education Students' Loans Board has streamlined the loan application process through the use of the Online Loan Application System (OLAS). The web based system is for both first time applicants and continuing students.
Interested and eligible applicants are advised to visit the Online Loan Application System at http://olas.heslb.go.tz where they will be able to make online application.
• Applicants are strongly advised to familiarise themselves with the Guidelines and Criteria for issuance of Loans for the 2012/2013 application cycle before they attempt to apply. The loan Issuance Guidelines can also be accessed through the Board's Website.
• Brochures detailing each step to be followed on OLAS are available online (www.heslb.go.tz), at HESLB Head Office and at Zonal Offices based in Dodoma and Zanzibar, at all Higher Education Institutions as well as District Education Offices. Prospective loan applicants are strongly advised to read and use the brochures before and during the application process.
• Before beginning the loan application process, one must have the following information:
a) The Form Four Index/Examination number including the year he/she sat for the exam, EXACTLY as appearing on the certificate
b) Guarantor's details such as full name, postal address, mobile phone and e-mail.
• Applicants are REQUIRED to provide CORRECT information. Any person who, while filling a loan application form, knowingly makes a false statement whether orally, in writing or online relating to any matter affecting the request for a loan shall be guilty of an offence and shall be liable to a fine of not less than Tanzanian shillings one million five hundred thousand (Tzs 1,500,000) or to imprisonment for a term of not more than six months or both (sections 23 (1) of the HESLB Act No 9 of 2004 as amended).
• Where it is discovered that the loan was granted due to false information furnished by the loan applicant or by the Guarantor, the Board shall cancel the loan and subject the loanee or the Guarantor to prosecution.

2.0 THE ONLINE LOAN APPLICATION PROCESS

The loan application process MUST follow the following order:
a) Pay the Loan application fee via M-Pesa
b) Do self registration with OLAS (the M-Pesa Transaction ID is required)
c) Fill in the Online application form
d) Print the completed Loan Application forms.
e) Append the relevant attachments to the application forms.
f) Take your application forms for attestation by a Magistrate or Public Notary/Advocate and by Local Government Authorities
g) Send the completed application package by EMS to HESLB (address is provided below)
Note: Applicants are advised to keep the EMS receipts and a copy of the completed application forms for future reference and follow up.