How To Repay HESFB Loan Using MTN Uganda 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
You can now REPAY your Student Loan with ITN MOBILE MONEY
- Dial 165#
- Select: Payments
- Select: Goods & Services.
- Enter Merchant Code: HESFB
- Enter Reference: HESFB No / Beneficiary’s Full Name
- Enter Amount: Loan Installment
- Enter Mobile Money PIN
OR DIAL *165*4*4# Enter Merchant Code Enter Reference Enter Amount PIN#