
The Nelfund Student Loan Application Portal is your gateway to accessing affordable education financing. You can start the application process by visiting the Nelfund website.
To begin, you'll need to create an account on the Nelfund portal, which is a straightforward process that requires basic personal and academic information.
You can access the Nelfund portal from any device with an internet connection, making it easy to apply from anywhere.
Nelfund Student Loan Application
The NELfund student loan application is now open for eligible students in public tertiary institutions. You can access the portal on http://nelf.gov.ng to begin application.
The portal will officially be up and running on Friday, May 24, 2024, so mark your calendars. Applicants can only access this site from the date mentioned earlier.
To create an account, you'll need to enter your Email address, Password, and Confirm Password in the fields provided and click “Create Account”. After successful registration, log in by clicking the “LOGIN” button.
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You can update your contact details by selecting your Phone Number, Full Residential Address, State of Residence, and Local Government Area of Residence. Then, proceed to update your educational details by selecting your Higher Institution and inputting your Matric Number.
If you want an upkeep loan, click the check box and click Continue, but if you only need the institutional charge, click the “Continue” button. You'll also need to upload supporting documents, including your admission letter, which is compulsory.
The student loan covers 100 percent of the institutional fees of applicants, and the objective is to be able to cover the cost of their institutional fees in total. However, some Nigerians still expressed confusion over the categories of students covered by the loan and the payment conditions.
Here are the NELfund eligibility requirements:
- You must hold a Nigerian citizenship to be considered for this student loan.
- Students admitted to any public Nigerian university, polytechnic, college of education, or vocational school, with proof of admission including Name, Date of Birth, Admission, JAMB number, Matriculation number, and BVN, are eligible to apply.
- NELfund is available to all public tertiary institutions, with the first phase limited to students in federal institutions in Nigeria. Future phases will be announced later on.
- You must also ensure that your data has been uploaded by your institution to the NELfund portal or else you will not be able to apply.
So, if you're a Nigerian student in a public tertiary institution, make sure to check your eligibility and apply for the NELfund student loan to pursue your academic aspirations without financial constraints.
Application Process
To create an account on the NELFUND student loan portal, start by visiting the website at https://nelf.gov.ng/ and click on "Apply Now" and then "Get Started". You'll then need to select "Nigerian" as your nationality. Next, enter your educational information, including your current institution and matriculation number, and click continue after verification.
You'll need to verify your JAMB registration number and date of birth, then click "continue" to proceed with account creation. Make sure to enter your National Identification Number (NIN) and secure your login credentials, as the system will verify your NIN and display your information immediately.
Use the valid email address associated with your NIN for account creation, as any other email address will not work. Set a strong password with at least one capital letter, one lowercase letter, one number, one special character, and more than eight characters, and then click "create account".
To log in, check your email for a verification link and click the link to access the login page. Enter your email address and password to log in.
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Here are the steps to complete your profile creation:
- Fill in your personal and contact details, including your phone number, address, and state of residence.
- Proceed to fill in your educational details such as your university, matriculation number, and other required information. The system will automatically fill in your program type, academic session, course of study, department, and level.
- Go to account details and enter your BVN, bank name, and account number.
- Click "Complete Profile Creation." You'll see a congratulatory message confirming that your profile has been updated.
Once your profile is updated, you can proceed to apply for a student loan. To do this, click on "Apply for Student Loan" or if it doesn't work, click 'Loan' on the left side of your screen, then select 'Request for Student Loan' in the top right corner. You will be taken to the three steps for the loan application.
Here are the three steps for the loan application:
Account Setup
To create an account on the NELfund student loan application portal, start by navigating to the official website and clicking the "Apply Now" button. Follow the "Get Started" button to begin the account creation process.
Select the "Yes" option when asked if you are a Nigerian, as the loan is only available to Nigerians who choose this option.
You'll need to verify your educational information by selecting your institution and typing in your matric number. If your institution has added your data to NELfund, you'll get a continue option; otherwise, you cannot proceed further.
Verify your student status via JAMB by entering your JAMB registration No and date of birth that corresponds with your institution's records, then click "Verify JAMB Profile".
You should get a prompt saying "JAMB details verified successfully" with your JAMB details to confirm, allowing you to continue creating your account.
To complete the account setup process, input your NIN, valid email address, and password in the corresponding spaces available, then click "Create Account".
Frequently Asked Questions
How long does it take Nelfund to approve a loan?
NELFUND typically approves loan applications within a short period, allowing for disbursement within 30 days
How to access nelfund student loan?
To access your nelfund student loan, log in to the portal with your credentials and navigate to the dashboard. From there, click on "My Fees" to view your approved amount and transaction details.
What is the Nelfund website?
The Nelfund website is nelf.gov.ng, where you can find information and resources on student loans in Nigeria.
Sources
- https://nannews.ng/2024/05/24/nelfund-opens-portal-for-1st-phase-of-students-loan-application/
- https://govserv.ng/get-a-student-loan/
- https://businessday.ng/news/article/nelfund-opens-student-loan-application-portal-on-may-24/
- https://tribuneonlineng.com/student-loan-application-portal-opens-may-24-fg/
- https://penprofile.com/how-to-apply-for-the-nelfund-federal-government-of-nigeria-student-loan/
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