NELFUND opens application portal for student loan

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The Nigerian Education Loan Fund (NELFUND), the official government body for student loans, has announced that the application portal

The Nigerian Education Loan Fund , the official government body for student loans, has announced that the application portal is now open. “The NELFUND Student Loan Application Portal is now LIVE! Apply today to secure the financial support you need for your education. Visit http://nelf.gov.ng to get started,” NELFUND said in a tweet on Friday.…The Nigerian Education Loan Fund , the official government body for student loans, has announced that the application portal is now open.

It added that the amount of loan students are allowed to apply for would be determined by the institutional charge of each institution.The institutional charges, according to NELFUND, will be remitted directly to the applicants’ institutions and the upkeep will be paid to the applicant on a monthly instalment basis.

It also added that 10 percent of the beneficiary’s salary will be deducted at source by the employer, and self-employed beneficiaries will be required to remit 10% of their monthly profit to the fund, adding that they have the liberty to seek to repay beyond the statutory 10% monthly repayment by their employers/by themselves if self-employed.Before flagging, please keep in mind that Disqus does not moderate communities.

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