My NELFund

My NELFund is the essential companion guide and repayment planning tool for Nigerian tertiary students navigating the National Education Loan Fund (NELFUND).

Designed in accordance with the Student Loans (Access to Higher Education) Act 2024, My NELFund helps students, graduates, and parents understand their loan eligibility, plan interest-free repayment schedules, and monitor institutional application milestones with clarity and confidence.

KEY FEATURES:

• ELIGIBILITY EVALUATOR
Quickly check whether you qualify for institutional tuition coverage and the optional monthly upkeep stipend. Review academic standing requirements, institution admission checks, and verification criteria before applying.

• REPAYMENT & AMORTIZATION CALCULATOR
Estimate your monthly repayments based on Nigeria's statutory 10% deduction policy.
- 0% Interest (Zero APR, no hidden compounding)
- 2-Year Post-NYSC Grace Moratorium
- Customizable monthly salary scenarios and repayment duration estimates
- Detailed breakdown of institutional fees vs. monthly living allowance

• APPLICATION MILESTONE TIMELINE
Track your application through the official Service Level Agreement (SLA) turnaround stages:
1. Institutional Student Verification System (SVS) upload
2. Fund evaluation and statutory approval
3. Electronic disbursement directly to your institution
4. Upkeep payment schedule

• KNOWLEDGE BASE & FAQS
Get instant, authoritative answers to frequently asked questions regarding loan disbursements, institutional portal registration, BVN/NIN verification, transfer of institutions, and post-graduation repayment guidelines.

• OFFICIAL PORTAL ACCESS
Quick links to the official NELFUND application portal (nelf.gov.ng) and authoritative public guidelines.

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DISCLAIMER:
My NELFund is an independent educational and financial planning utility developed to support Nigerian students and applicants. It is not affiliated with, endorsed by, or an official product of the Federal Government of Nigeria or the National Education Loan Fund. All formal loan applications must be submitted directly through the official portal at nelf.gov.ng.