How to apply for a student loan when the portal opens today, by NELFUND

How to apply for a student loan when the portal opens today, by NELFUND

How to apply for a student loan when the portal opens today, by NELFUND

Mr. Akintunde Sawyerr, Director General NELFUND

The Federal Government recently Announced that the portal for student loan applications will officially open on Friday (today) May 24, 2024.

Nasir Ayitogo, Head of Media and Public Relations of the Nigerian Education Loan Fund (NELFUND), revealed this information in a statement issued last Thursday in Abuja.

Following this announcement, NELFUND has published simple guidelines on how students can apply for the loan, as the application portal opens today.

The student loan provides credit facilities to cover tuition fees and maintenance at recognized higher education and vocational training institutions within Nigeria.

Below are step-by-step ways to apply for a student loan according to NELFUND:

The news continues after this announcement.




Step 1: visit nelf.gov.ng

Step 2: Click “Apply Now”

Step 3: Click “Start”

Stage 4: Answer the questions on this page to continue by clicking “Yes, I am Nigerian”

Step 5: Verify your educational information. You will be asked to select your school from a drop-down menu and provide your tuition number to check if your school has uploaded your data.

Step 6: Click on “Verify with JAMB” and enter your JAMB details on the screen.

(Students whose NIN has not been registered with JAMB will have an input field where they can enter their NIN for validation).

Step 7: Create an account by entering your email address and password. You will need to confirm the password in the fields provided and click “Create Account.”

Step 8: Click on the email verification link sent to your email. This concludes the account creation process.

HOW TO COMPLETE YOUR PROFILE

After successfully registering, log in by clicking on the “LOG IN” button.

Step 1: Enter your email address and password to log in.

Step 2: Click the “Continue to contact details” button.

Step 3: Update contact details with your current phone number information, full residential address, state of residence, and local government area of ​​residence. Then click “Continue with educational details.”

Stage 4: Update your educational details by selecting your higher institution and entering your registration number. Then click “Continue to account details.”

Step 5: Check your BVN by entering your BVN, select your bank name and enter your account number. Click “save changes” to complete your profile.

LOAN APPLICATION

Step 1: Click the “Apply for Student Loan” button at the top right of the screen on the home or loan page after logging in to the application.

Step 2: If you want a maintenance loan, click the checkbox and click *continue; If all you need is the institutional position, click the “Continue” button.

Step 3: Upload supporting documents. The admission letter is mandatory but the student card and the institution’s invoice are optional.

Click the policy and declaration checkbox and click “continue.”

Stage 4: Read the loan overview and click the GSI terms and conditions and mandate check boxes, then click “Submit Application.”

Step 5: Click the “loans” button to view the status of your application.