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HESFB Launches Student Loan Repayment Using MTN Mobile 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 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 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 5 Comments

  1. Walimbwa Ronald

    This is a good gesture,
    It will enable us who are not near banks to make repayments more easily.

  2. Mk phiona

    How can I get the student loan

  3. Henry basiga

    Will it resume this year

  4. Mugendawala John Paul

    Can I get a loan for masters degree in agriculture

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