In todays latest HESLB News – Are you a student loan beneficiary? Here is your chance to settle your student loan at 20% discount. Zambia Higher Education Loans and Scholarships Board Announce 20% Discount on Full Term Settlement of Loan Repayment
Discount Duration:
1st June – 30th Novermber, 2025
Who Qualifies?
This offer is available to individual beneficiaries as well as employers who may be interested in settling the outstanding loan balances on behalf of their employees, on conditions which may be agreed between them.
Also Read: Zambia HELSB Student Loan Application 2025 – Step By Step
Benefits of the Discount
Settlement of loan at lower amount;
• No future interest charged;
• Improve your credit record;
• Empower future students instantly;
We encourage you to take advantage of the 20% discount to settle your student loan. By making a one-off payment, you will not only settle your loan at a reduced cost, but also make a lasting impact on the academic journey of future students.
UNDERSTANDING YOUR STUDENT LOAN REPAYMENT
How is my Loan Calculated?
Three variables are used to calculate your monthly repayment amount through a process called Amortisation
- Principal: Loan amount.
- Interest Rate: 10% per annum
- Maximum Tenure: 120 months (10 years)
Flexibility:
- Request a shorter repayment period
- Make part payments anytime
- Pay off your loan in a single instalment
Also Read: TEVETA Zambia Conducts Benchmarking Visit to TEVETA Malawi
Payment Channels
Bank transfer I Bank deposit I
BANK ACCOUNT DETAILS
Account Name: BURSARIES COMM-GPFA
Bank Name: Zanaco
Branch Name: Lusaka Business Centre
Bank Address: Plot 2118/2119, Sepele Road/ Cairo
Road, Chainda place, Lusaka
Account Number: 1275366300184
Sort Code: 01-00-03
Branch Code: 003
Swift Code: ZNCOZMLU
Currency: ZMW
Include your NRC and full names upon payment
CONTACT INFORMATION
Get more details of your loan balance and bank account details, do not hesitate to reach HESLBÂ on
Email; [email protected] and/or direct call +260770901243
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