More than a financial aid programme, the Student Loan initiative
set up by the Federal Government of Nigeria, is a beacon of hope
for Nigerian students pursuing higher education.
Benefits of Student
Loan Initiative
A path to Educational Accessibility Without Financial Hurdles
- Interest-free loans for tuition fees
- Equal access to higher education for all eligible candidates.
- Reduced financial stress on students and families
Simple Steps to Secure
Your Student Loan
Step 1: Register on the Student Loan Application Platform by clicking the “APPLY NOW” button below 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
Frequently Asked Questions
Everything you need to know about the student loan and repayment.
Under what circumstances would NELFUND deny an application?
if such an applicant is: Proven to have defaulted in respect of any previous loan granted by any licenced 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;
Are there any documents to upload during the application process?
Yes. Scanned admission letter for new students (compulsory), scanned Student Identification Card (optional).
Is there any appeal process when an application is denied?
A complaint can be raised from the portal, or you can send an email to the NELFUND
What are the consequences of defaulting on the loan?
Deliberate default could result in penalties, legal action, and potential damage to your credit score.
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Data Insight
The Student Loan Initiative is Revolutionising Education Accessibility Across Nigeria.
- 236 Collaborating with esteemed institutions
- 267,957 Dedicated students registered
- 187,839 No. of Loan Applications
How To Apply For Student Loan
Click on the following link: https://portal.nelf.gov.ng/
Welcome to the Student Loan Portal
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Interest Free Loan
No hidden charges, completely interest free
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Fast & Easy
Complete student loan application within 15 – 30 minutes.
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Safe & Secure
Built in security to keep all your data safe
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Flexible Payment Duration
Payment of student loan begins two years after NYSC
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