NELFUND Opens Student Loan Application Portal

Nigerian Education Loan Fund (NELFUND) has launched its student loan application portal, providing financial support for higher education. The initiative aims to assist students in public tertiary institutions, starting with federal higher institutions in Nigeria.

Application Process:

Creating an Account:

1. Visit www.nelf.gov.ng
2. Click “Apply Now” and then “Get Started.”
3. Confirm Nigerian nationality and verify educational information, including JAMB details.
4. Create an account with email and password, then verify through email.

Completing Your Profile:

1. Log in using your email and password.
2. Update contact details and educational information.
3. Verify BVN and bank details to complete the profile.

Loan Application:

1. Click “Request for Student Loan.”
2. Select institutional charge or upkeep loan.
3. Upload required documents like admission letter.
4. Review terms and conditions, then submit the application.

Loan Details:

• The loan covers institutional charges and upkeep if needed.
• Zero interest is applied for each academic session.
• Repayment begins two years after completing NYSC.
• Repayment can be adjusted beyond the 10% monthly rate.

NELFUND aims to ease the financial burden on students pursuing higher education, promoting accessibility and inclusivity in Nigeria’s educational landscape.