NELFUND Student Loan Application 2024 Application Requirements & Guide

NELFUND stands for Nigerian Education Loan Fund. It’s a program or initiative that provides financial assistance to students in Nigeria to help them access education. NELFUND grants equal access to higher education for all eligible candidates an interest-free loans for tuition fees to students who need financial support to pursue their educational goals thereby reducing the financial stress on both students and families

The Nigerian Education Loan Fund (NELFUND) is pleased to announce that applications for Student Loans are now open. This opportunity is designed to provide Financial Support to students who are pursuing their academic goals and require assistance to cover their educational expenses.

Benefits of Applying for NELFUND

Nigerian Education Loan Fund (NELFUND) offers several benefits to students in Nigeria, including:

a. NELFUND provides loans to students who cannot afford to pay for their education, helping them cover tuition fees at no interest.

b. They increaser access to education by providing financial support, NELFUND helps increase access to education for students who might otherwise be unable to afford it.

c. NELFUND helps alleviate the financial burden on students and their families, allowing them to focus on their studies rather than worrying about how to pay for their education.

d. The body has improved educational outcomes through provision of access to education such as increased graduation rates and better academic performance.

e. Education is a key driver of economic growth and development. NELFUND has helped to empower students and make them to become productive members of society and contribute to Nigeria’s economic growth.

f. In addition to the above, NELFUND help students acquire skills and knowledge in various fields, preparing them for the workforce and contributing to Nigeria’s human capital development.

Eligibility

Applicant must be an undergraduate student of any tertiary institution in Nigeria.
Proof of JAMB admission letter for fresh students applying for loan while existing students are to provide a scanned copy of Student Identification Card (optional).

Documents Required

Scanned admission letter for new students (compulsory)
Scanned Student Identification Card (optional).

Important Note:

If an applicant is proven to have defaulted in respect of any previous loan granted by any license financial institution; Found guilty of submitting fake/fraudulent documents and dismissed for exam malpractices by any school authority; and Convicted of fraud and forgery, drug offences, cultism, felony, or any offences involving dishonesty, such applicant will be denied the loan application.

Application Guide for NELFUND

Interested applicants are invited to apply through the official NELFUND website at nelf.gov.ng by following the steps below:

Step 1: Register on the Student Loan Application Platform by clicking the “APPLY NOW” button to get started

Step 2: Click on the “Request for Student Loan” button and complete the loan application steps and submit.

Step 3: Your application will be reviewed. After successful verification, payments will be made to your institution for institutional charge, while the upkeep loan will be paid to the bank account you have provided in your profile

Application Deadline:

Not stated. However, early applications are encouraged.

That is all about the Nigerian Education Loan Fund application for 2024/2025 academic session. If you have any question as regards the above, please feel free to reach out to me via the comment section below and I will be happy to assist.