How to Apply for the NELFUND’s Student Loan in Nigeria: A Step-by-Step Guide


“It’s finally here in Nigeria! Students can now apply for student loans directly disbursed by the federal government through its agency, NELFUND.”

If you have successfully secured admission to any public university in Nigeria, congratulations! Now comes the challenging part: figuring out how to finance your education.

Given the current state of the economy, many families need help to meet basic needs, let alone pay for school fees and other educational expenses. If this sounds familiar, worry no more! The Nigerian government’s new student loan program, NELFUND, is here to help.

NELFUND, established during President Tinubu’s administration, is the federal government agency responsible for student loan financing in Nigeria. For more information about the agency and its mandate, click here.

Here’s a step-by-step guide to help you navigate the application process for a student loan in Nigeria:

NELFUND: How to Apply for a Student Loan in Nigeria

  • Step 1: Check Your Eligibility

Before starting your NELFUND application, ensure you meet the following eligibility criteria:

  • You must be a Nigerian citizen with a means of identification, primarily your National Identification Number (NIN).
  • You must be enrolled in a government-owned higher institution.
  • You need your JAMB admission letter and any document proving your studentship.
  • Also, remember your JAMB registration number and Matric number

While NELFUND is available to all Nigerian students in 126 public higher institutions, federal university students are currently prioritized, with state university students, polytechnic students, and college of education students to follow.

Stay updated with official NELFUND announcements for any changes.

  • Step 2: Gather Your Documents

To verify your identity and educational status, NELFUND requires the following documents:

  • Admission Letter: Proof of acceptance into a Nigerian tertiary institution (university, polytechnic, etc.).
  • National Identity Number (NIN): Essential for various processes in Nigeria, including student loans.
  • Bank Verification Number (BVN): Links your bank account to your identity, simplifying the loan process.
  • Student ID Card (Optional): While not mandatory, it can strengthen your application.
  • Institution Invoice (Optional): Details your school fees, helpful in determining the loan amount.
  • Step 3: Start Your Application on NELFUND’s Website

Visit the NELFUND website application portal.

Click the “Get Started” button. Ensure all information provided is accurate, as errors can delay your NELFUND application.

Start Applying for Student Loan


  • Step 4: Fill Out the Application Form

Complete the online application form carefully, including the type of loan you seek (tuition only or including living expenses). Be aware of any maximum loan limits and upload the documents gathered in Step 2.

Remember you will need your Matric number, JAMB registration number, your correct date of birth during the first registration process.

To avoid any issue, make sure the details on your documents are the same.

  • Step 5: Submit and Wait

Double-check all details before submitting your application electronically. NELFUND will process your request, so be patient and monitor your NELFUND account for updates.

Important Notice about NELFUND’s Student Loan

Remember, NELFUND loans are interest-free, but repayment begins two years after completing your NYSC service. You are not to pay any application or form fee to anybody.

NELFUND: How to Get Help

If you encounter any issues during the NELFUND application process, kindly avoid going to cyber cafe for help, but contact NELFUND directly for assistance. Their website likely includes a contact section or FAQ page to address your questions.

About the NELFUND’s student loan program in Nigeria

This new student loan program is a significant opportunity for many Nigerian students. By following these steps and staying informed, you can take advantage of this valuable resource and focus on excelling in your studies!

Stephen Gbolagade
Stephen Gbolagade
Stephen is a Frontend engineer, technical writer, owner and part-time blogger here at Gbolamedia, incoming data scientist, an enthusiastic cynophilist, and a curious introvert. Stephen is currently available for full-time, part-time or contract-base role. Contact him here: on WhatsApp or check him on Linkedin


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