COUNTDOWN: Student loan portal going live… here’s how to apply

In 48 hours, the Nigerian Education Loan Fund (NELFUND) will open the portal through which eligible Nigerian students can apply for loan to support their education.

After initial setbacks, President Bola Tinubu signed the Student Loan Bill into law in April, saying no Nigerian, regardless of their background, will be excluded from obtaining quality education.

A month later, he appointed astute businessman and successful banker, Jim Ovia, as chairman of the body in charge of the loan.

At a pre-application sensitisation briefing, Akintinude Sawyerr, Managing Director of NELFUND, gave a breakdown of how applicants can request for the facility.

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Are you eligible and interested in the loan?

The loan application portal is available on the NELFUND website. Interested applicants should long into www.nelf.gov.ng to access the loan.

Account Creation

Applicants must create accounts or log in using their existing credentials if they have existing accounts.

Information

Applicants should fill out the required information, including personal details, academic information and financial need.

Requirements

Joint Admissions and Matriculation Board (JAMB) admission letter

National Identification Number (NIN)

Bank Verification Number (BVN)

Submission

After submitting the application, applicants will receive confirmation emails swith further instructions.

How to Apply:

1. Log into the portal: The loan application portal is available on the NELFUND website (www.nelf.gov.ng). Log on to the Students Loan portal on the website.
2. Create an Account: On the Loan portal, create an account or log in using your existing credentials if you have created an account before.
3. Documents Required: Applicants will require the following documents to complete their loan application:

– Joint Admissions and Matriculation Board (JAMB) admission letter

– National Identification Number (NIN)

– Bank Verification Number (BVN)

4. Complete the Application: Fill out the required information, including personal details, academic information, and financial need.
5. Submit Your Application: Review your application thoroughly before submission. Once submitted, you will receive a confirmation email with further instructions.