
The Nigerian Education Loan Fund (NELFUND) is committed to supporting Nigeria’s economic growth by providing financial assistance to students pursuing higher education.s of February 2025, NELFUND has expanded its reach to 98 institutions across all geopolitical zones, benefiting over 105,000 students with a total disbursement exceeding ₦11 billion. Eligibility Criteria for NELFUND Student Loan 2025
Before applying, ensure you meet the following requirements:
- Nigerian Citizenship: pplicants must be citizens of Nigeria.
- Enrollment Status: ust be enrolled in a recognized tertiary institution that is part of the NELFUND program.
- Academic Standing: aintain satisfactory academic performance as defined by your institution.
- Guarantor: rovide a credible guarantor, such as a civil servant of a certain grade level or a professional with a valid practicing license.
- Documentation: ossess valid identification (e.g., National ID, Voter’s Card, or Passport) and provide necessary academic records. How to Apply for the NELFUND Student Loan
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Follow these steps to submit your application:
- Visit the Official Portal: avigate to the NELFUND Student Loan Portal at https://portal.nelf.gov.ng/.
- Create an Account: f you’re a new user, register by providing your email address and creating a secure password. Existing users can log in with their credentials.
- Complete the Application Form: ill out the online application form with accurate personal, academic, and financial information.
- Upload Required Documents: ubmit scanned copies of your admission letter, valid ID, academic transcripts, and guarantor’s details.
- Review and Submit: arefully review all entered information for accuracy before submitting your application.
- Confirmation: fter submission, print or save the confirmation page for your records. Important Considerations
- Interest-Free Loans: ELFUND offers interest-free loans with no hidden charges.
- Repayment Terms: epayment begins two years after completing the National Youth Service Corps (NYSC) program, providing a grace period to secure employment.
- Application Duration: he online application process is designed to be completed within 15 to 30 minutes. Stay Informed
or the latest updates on application deadlines, participating institutions, and other relevant information, regularly visit the official NELFUND website at https://nelf.gov.ng/. y adhering to these guidelines and ensuring all requirements are met, you can successfully apply for the NELFUND Student Loan and take a significant step toward achieving your educational goals.
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