FG’s Students Loan portal has been launched, APPLY NOW.

NewsOnline Nigeria had earlier reported that students in federal government-owned tertiary institutions will be the first batch of beneficiaries of the student loan scheme.

The chief executive officer of Nigerian Education Loan Fund (NELFUND), Akintunde Sawyerr, stated this on Monday, May 20, while unfolding the conditions would-be beneficiaries will be required to meet.

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This Nigeria news platform recalls that President Tinubu on April 3 signed into law the bill on the scheme in line with his electoral promise that no Nigerian student would drop out of school on account of lack of funds.

Applying for a student loan can be a daunting task, especially with the numerous forms and requirements involved.

However, with the right guidance, the process can be a smooth and straightforward one. In this essay, we will explore the step-by-step process of applying for a student loan, specifically through the NELFUND platform.

The portal for the Federal Government Students Loan is now live.

Step 1: visit www.nelf.gov.ng

Step 2: Click on the “Apply Now”

Step 3: Click on “Get Started”

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

Step 5: Verify your educational information. You would be required to select your school from a dropdown and provide your matric number to check if your school has uploaded your details.

Step 6: Click the “Verify with JAMB” and enter your JAMB details in 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, Password and Confirm Password in the fields provided and click “Create Account”.

Step 8: Click the email verification link sent to your email.

This concludes the process of creating an account.

How To Complete Your Profile

After successful registration, log in by clicking the “LOGIN” button.

Step 1: Enter your email address and password to Login.

Step 2: Click on the “Proceed to Contact Details” button.

Step 3: Update contact details with the current information of your Phone Number, Full Residential Address, State of Residence and Local Government Area of Residence and click “Proceed to Educational Details”

Step 4: Update your educational details by selecting your Higher Institution and inputting your Matric Number, then click “Proceed to Account Details”

Step 5: Verify 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 on the “Request for Student Loan” button at the top right of the screen on the home or loans page after logging into the application.

Step 2: If you want an upkeep loan, click the check box, and click Continue, if all you need is the institutional charge, click the “Continue” button.

Step 3: Upload supporting documents. The admission letter is compulsory which the Student ID and Institution Invoice are optional.

Click the checkbox for the policy and declaration and click “Continue”

Step 4: Read the loan overview and click the check boxes for both the Terms & Conditions and GSI Mandate then click “Submit Application”

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