1. Creating an account

Access to the Higher Education Student Financing website at hesfb.go.ug then click on the Apply Now link which leads to the URL http://154.72.195.50/ilmis/ which is the Integrated Loan Management Information system.

The applicant registers (creates an account).

Once successfully registered; an acknowledgement email is sent to the Applicant.

2. Completing the form 

An eligible student may complete the from either online or offline

a) Offline loan application

Applicant can get the Printout Hardcopy of the loan application in any one of the following
areas:
1) Universities/Institutions.
2) Centenary Bank (any branch around the Country).
3) Download and printout the application from ILMIS website.

b) Online loan application

The applicant starts filling in the online Application form. The Applicant must fill in the information in the fields denoted with a star(*) in the application which means that they are mandatory.

The Applicant can always save, after filling in the information he/she can be having at that
moment,

System only accepts submission only if all the Mandatory Information has been filled in with their accompanying scanned and uploaded documents.

When finished with filling in, click submit. A Report will be generated; containing the information that has been filled in by the Applicant. 

This is the partial submission in the ILMIS system. (i.e. Applicant has not yet made the bank payment), which takes place on the Declarations section.

The report generated for the Applicant consists of the following;
a) Personal Details of the applicant
b) Identification documents
c) Current address
d) Permanent address
e) Education background information
f) Details of institution to which you are admitted
g) Recommendations

The Applicant will take this printout loan Application to these personnel’s mentioned on the form for recommendations, signatures and stamping which include;
a) Local Council 1
b) Head teacher of previous School/Institution attended
c) Sub County Chief/Town Clerk)

 

3. Submit form

And once the applicant finishes the filling in of the Report, the Applicant has to go to the Bank (any Centenary Bank branch), and pays fees which has been pre-defined by HESFB and receives the payment acknowledgement or payment slip from the bank. This submission takes place on the Recommendations and payment section.

The Applicant will then scans and upload both the recommendations form and the payment slip and submit it in the system. This is the final submission. Then the application will be availed to HESFB.

Who receives the loan amount?

The Board (HESFB) upon receipt of an invoice from the Institution, in respect of each student, sends the loan money straight to the University’s account on a semester basis.

This is to ensure that funds are not delivered to any other use rather than the intended use.

Will the student’s loan attract an interest?

Every student loan shall be repayable with interest, the Interest determined by the Board and approved by the Ministry of Education and Sports.

Loan tariff as of the academic year 2015/2016

Item  UShs.
Loan Processing fees 30,000
Appeals processing fees Free
Loan Protection fee 1% of the annual Loan amount
Change of Course /University fees 10,000
Loan Clearance Certificate 20,000 payable once
Late registration with HESFB 15,000 per application
Applicable Interest Rate during
phased disbursements
7-10% fixed Applicable interest Rate during Loan repayments
Applicable interest Rate during
Loan repayments
7-10% p.a.

 

When is the loan repaid?

All Loan Beneficiaries start re-paying the Loan when they get a job.