Loan Repayment
LOAN MATURITY
All loans are due for repayment two years after the successful or unsuccessful completion of studies.
A grace period of two years is granted before interest charges commence.
All loans attract a 15 percent interest per annum.
A period of five years is provided for loan beneficiaries to complete the loan repayment.
Repayment modes
- Monthly deductions from the beneficiary’s salary by his or her employer.
- Direct monthly payments to the HESLGB by beneficiaries.
- One-off payment of total loan amount plus interest due.
Loan Balance Enquiry
To enquire about your loan balance email us to loans.recovery@heslgb.com or call
+265 992 349 160
+265 885 890 520
Include the following details in your enquiry:
- Full Name (maiden name for married females)
- Years of Study
- Name of College / University
- Student Reg No
- National Identity No.
To make payment for your loan
Cash, Cheque or online Payments are Accepted to:
National Bank
Account Number:1002261808
Account Name: Higher Education Loans Recovery Account
Branch: City Centre
NBS Bank
Account Number:21942219
Account Name: HESLGB Recoveries
For us to issue a payment receipt and letter of completion send a proof of payment to:
loans.recovery@heslgb.com
+265 885 890 520, +265 992 349 160