Today marks a significant milestone for Nigerian students seeking financial aid as the NELFUND Student Loan Portal officially goes live.

    According to a report by Naija Echo, the launch of this portal is set to revolutionize access to education funding in Nigeria, making it easier for students to apply for and receive loans to support their academic pursuits.

    The National Education Loan Fund, has streamlined the application process to ensure that students can easily navigate and complete their loan applications online. Here’s a detailed guide on how to apply for the NELFUND Student Loan:

    How to Apply for the NELFUND Student Loan

    STEP 1 : Creating an Account

    1. Visit the Portal:

    2. Begin Application:

    • Click on the “Apply Now” button.
    • Then, click on “Get Started.”

    3. Verify Eligibility:

    • Answer the prompt “Yes, I am a Nigerian.”

    4. Verify Educational Information:

    • Select your school from a dropdown menu and enter your matric number to check if your school has uploaded your details.

    5. JAMB Verification:

      • Click the “Verify with JAMB” button and enter your JAMB details.
      • If your NIN has not been registered with JAMB, enter your NIN for validation.

      6. Create an Account:

        • Enter your email address, create a password, and confirm your password.
        • Click “Create Account.”

        7. Email Verification:

        • Click the verification link sent to your email to complete the account creation process.

        STEP 2 : Completing Your Profile

        1. Login:
        • Enter your email address and password.

        2. Update Contact Details:

        • Provide your phone number, full residential address, state of residence, and local government area of residence.

        3. Update Educational Details:

          • Select your higher institution and input your matric number.

          4. Verify BVN:

            • Enter your BVN, select your bank name, and provide your account number.
            • Click “Save Changes.”

            STEP 3 : Loan Application

            1. Initiate Loan Request:
            • Click the “Request for Student Loan” button.

            2. Choose Loan Type:

            • Select if you need an upkeep loan or just the institutional charge.

            3. Upload Documents:

            • Upload your admission letter (mandatory), with optional Student ID and institution invoice.
            • Agree to the policy and declaration.

            4. Submit Application:

            • Review the loan overview, agree to the Terms & Conditions, and GSI Mandate.
            • Click “Submit Application.”

            5. Check Application Status:

              • Click the “Loans” button to view the status of your application.

              By following the steps outlined above, students can efficiently apply for the NELFUND Student Loan, thereby securing the financial support they need to continue their education. This development is a crucial step towards achieving a more educated and empowered Nigerian youth.