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HESFB Launches Student Loan Repayment Using Airtel Money

The Higher Education Students’ Financing Board (HESFB) and Airtel Uganda, MTN Uganda have launched a payment system where you can pay your Student Loan Installment in any convenient place and instantly on your mobile or smartphone without having to wait in long bank hall queues.

This development follows the network service provider issuing HESFB with Business Number;1238512, for Airtel Uganda and Merchant Code: HESFB, for MTN Uganda which will be used by Beneficiaries in the repayment process.

The process also includes a Beneficiary inputting their HESFB Number (e.g HESFB/2022/12345) or Full Names as the payment reference for system reconciliation.

This payment process will be used by both Students and parents who are engaged in early repayment (payments made while still studying) and the Beneficiaries who are already in the Repayment window.

How to make your Student Loan payments using Airtel Money – Steps

  1. Dial *185#
  2. Select: Pay Bill
  3. Select:  Option 9 Others.
  4. Enter Business Number: 1238512
  5. Enter Amount: Loan Installment
  6. Enter Reference: HESFB No / Beneficiary’s Full Name
  7. Enter Airtel Money PIN


DIAL *185*4*9# > Enter Business Number > Enter Amount > Enter Reference > PIN

How to make your Student Loan payments using MTN Mobile Money – Steps

Dial *165#
Select: Payments
Select: Goods and Services
Enter Merchant Code: HESFB
Enter Reference: HESFB No or Beneficiary’s Full Name
Enter Amount: Loan Installment
Enter Mobile Money PIN

DIAL <*165*4*4#>Enter: Merchant Code>Enter Reference>Enter Amount>Enter PIN

This Post Has 10 Comments

  1. Kayondo Ivan

    How do i know how much loan scheme demands me

  2. KUGONZA Charles

    IAM in Year2 semester 1 perusing a national diploma in civil engineering but not financially ok how can I be helped

  3. Wandeka Ambrose


  4. Elwange Ceaser

    I’m really interested in this loan scheme so I may finish up the Diploma course I am pursuing. I would beg for guidance

  5. Nzaala mercy Gloria

    How do apply for a students loan scheme


    How many students applied?

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