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How to Apply for NELFUND Student Loans: A Step-by-Step Guide

By Habeeb Ibrahim 
The Nigerian Education Loan Fund (NELFUND) has long opened its portal for students from 36 state-owned and federal tertiary institutions to apply for student loans.

The programme, which is part of the President Bola Tinubu administration’s efforts to enhance access to education, provides financial support to students who might otherwise struggle with tuition and living expenses.

For students interested in applying, here is a comprehensive, step-by-step guide to navigate the NELFUND loan application process:

Step 1: Creating an Account

1. Visit the NELFUND website
Go to nelf.gov.ng, where you can access the loan portal.


2. Click “Apply Now”
Once on the homepage, click the “Apply Now” button and select “Get Started” to begin your application.


3. Confirm Your Nigerian Citizenship
Answer the questions presented and click “Yes, I am a Nigerian” to proceed with your application.


4. Verify Your Educational Information
Click “Verify with JAMB” to authenticate your educational details.


5. Enter Your JAMB Details
Provide your JAMB details and create an account with your email address and password. Confirm your password and click “Create Account”.


6. Verify Your Email
After registration, you will receive an email verification link. Click the link to confirm your email address and complete the registration process.



Step 2: Completing Your Profile

1. Log In to the Portal
Use your email address and password to log into your account.


2. Update Your Contact Information
Click “Proceed to Contact Details” and input your current contact information (phone number, home address, etc.).


3. Enter Your Educational Details
Click “Proceed to Educational Details” and fill in information about your institution, course of study, and other academic details.


4. Verify Your BVN (Bank Verification Number)
Click “Proceed to Account Details” to verify your BVN, which is a requirement for the loan application.


5. Save Your Changes
After completing all the necessary sections, click “Save” to store your updated information.



Step 3: Applying for the Loan

1. Click “Request for Student Loan”
Once your profile is complete, go to the top right corner of the screen and click “Request for Student Loan”.


2. Select Loan Type
Choose whether you are applying for an upkeep loan or another type of student loan. Then click “Continue”.


3. Upload Supporting Documents
Upload the required documents, including your admission letter (compulsory), and any other relevant papers that may be requested.


4. Agree to the Policy and Declaration
Read through the loan policy and declaration. Tick the checkboxes to agree and click “Continue”.


5. Review Terms & Conditions
Carefully read the loan overview, then tick the checkboxes for the Terms & Conditions and GSI Mandate to confirm your agreement.


6. Submit Your Application
After ensuring all information is correct, click “Submit Application” to send your application for review.


7. Track Your Application Status
To check the progress of your loan application, click on “Loans” to view the status of your submission.



Eligibility and Beneficiaries

The NELFUND initiative is now open to students from 36 state-owned tertiary institutions, including notable universities and polytechnics from various states such as Lagos, Ekiti, and Osun. As the programme is funded by an annual contribution from the Federal Inland Revenue Service (FIRS), it aims to support over 1.2 million students across the country.

For students in institutions not yet included, NELFUND encourages the submission of their data to the Student Verification System, enabling them to benefit from the loan scheme.

This initiative is a vital step in ensuring that no student in Nigeria is forced to abandon their studies due to financial constraints. Repayment of the loans is set to begin two years after the completion of the National Youth Service Corps (NYSC) programme, making the repayment process more manageable for graduates.

By following this guide, students can easily navigate the application process and take advantage of the financial support offered by NELFUND to continue their education.

Comments

  1. Anonymous14 February 2025 at 14:36

    My loan has been approved but I haven't received any alert on my account
    Because my bank I register is wrong
    So I called the desk office so I didn't have any thing to do with I need your help sir

    ReplyDelete
    Replies
    1. Anonymous3 September 2025 at 22:16

      Lay your complain to nelfund by raising a ticket

      Delete

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