The much-anticipated Nigeria Education Loan Scheme began on Friday.
Akintunde Sawyerr, the managing director and chief executive officer of the Nigeria Education Loan Fund (NELFUND), recently announced that the launch portal would be active starting Friday, May 24, 2024.
According to NELFUND, the scheme’s first phase will benefit 1.2 million students from federal higher institutions.
How to Apply for the Student Loan
- Visit nelf.gov.ng
- Click on “Apply Now.”
- Select “Get Started.”
- Answer the questions and click “Yes, I am a Nigerian.”
- Verify your educational information by selecting your school from a dropdown menu and providing your matric number.
- Click “Verify with JAMB” and enter your JAMB details. (Students whose NIN has not been registered with JAMB can enter their NIN for validation.)
- Create an account by entering your email address and password. Confirm the password and click “Create Account.”
- Click the email verification link sent to your email to complete the account creation process.
How to Complete Your Profile
- Log in by clicking the “LOGIN” button and entering your email address and password.
- Click “Proceed to Contact Details” and update your phone number, full residential address, state of residence, and local government area. Click “Proceed to Educational Details.”
- Update your educational details by selecting your higher institution and entering your matric number. Click “Proceed to Account Details.”
- Verify your BVN by entering it, selecting your bank name, and entering your account number. Click “Save Changes” to complete your profile.
Loan Application
- After logging in, click the “Request for student loan” button at the top right of the home or loans page.
- For an upkeep loan, check the corresponding box and click “Continue.” If you only need the institutional charge, click “Continue.”
- Upload supporting documents. The admission letter is compulsory; the student ID and institution invoice are optional. Check the policy and declaration box and click “Continue.”
- Read the loan overview, check the boxes for the terms & conditions and GSI Mandate, and click “Submit Application.”
- Click the “Loans” button to view the status of your application.