• Step-by-step guide to apply for NELFUND student loan

    Step-by-step guide to apply for nelfund student loan - nigeria newspapers online
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    The Nigerian Education Loan Fund (NELFUND) has announced that the application portal is now open.

    “The NELFUND Student Loan Application Portal is now LIVE! Apply today to secure the financial support you need for your education. Visit http://nelf.gov.ng to get started,” NELFUND disclosed this in a post on Friday.

    NELFUND said the loan is open to all public tertiary institutions. However, the first phase of the loan is open to only students studying or desiring to study in federal higher institutions in Nigeria. The other phases will be announced later.

    It added that applicants are required to input specific personal details that include:

    i. Name of Institution of study
    ii. Admission Number
    iii. JAMB Number
    iv. Date of Birth
    v. NIN
    vi. BVN

    The following are  step-by-step ways to apply for a student loan, according to NELFUND:  

    Step 1: Create an Account

    a) Visit NELFUND’s website at http://nelf.gov.ng

    b) Click “Apply Now” and then “Get Started.”

    c) Confirm if you are a Nigerian citizen

    d) Provide your educational information by selecting your school and entering your matriculation number.

    e) Click “Verify with JAMB” and enter your JAMB details on the screen. 

    f) Create an account with your email address and password. You will need to confirm the password in the fields provided and click “Create Account.” 

    g) Click the email verification link sent to your email. 

    Step 2: Complete Your Profile

    a) Log in using your email and password, then click the “Log in” button. 

    b) “Proceed to Contact Details” button and update your contact details, including your phone number, residential address, state of residence and local government area of residence. Then click “Proceed to Educational Details.” 

    c) Update your educational details by selecting your institution and entering your matriculation number, then click “Proceed to Account Details.” 

    d) Verify your Bank Verification Number (BVN), select your bank name, and enter your account number, then click “Save changes” to complete your profile. 

    Step 3: Apply for the Loan

    a) Click “Request for Student Loan” on the homepage after logging into the application. 

    b) Indicate if you need an upkeep allowance in addition to tuition fees, but click *continue” if all you need is the institutional charge.

    c) Upload your admission letter (compulsory), while uploading your student ID and institution invoice is optional.

    d) Agree to the terms and conditions and click “Continue.”

    e) Review the loan overview and agree to the terms & conditions and GSI mandate. Click “Submit Application.”

    f) You can track your application status by clicking “Loans” on the portal.

    The loan will be disbursed to successful applicants within 30 days of approval, NELFUND said.

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