If you’re a student in need of financial help, the Nigerian Education Loan Fund (Nelfund) can support you. If you already have a Nelfund loan and want to renew it for the next academic session, this guide will show you exactly how to do it.
We’ll break down the process in simple steps, and at the end, we’ll answer some common questions to help you out.
Step 1: Click “Request for Students Loan”
To start, go to the Nelfund website. You’ll see an option that says “Request for Students Loan.” Click on this option to begin your loan renewal.
Click here to see how to solve common problems regarding NELfund
If you don’t have an account yet, you will need to create one first.
Step 2: Choose “I Need an Upkeep Loan” and Continue
After clicking “Request for Students Loan,” you will see different options. Select the one that says “I need an upkeep loan.” This loan is for your living expenses like accommodation, food, and other costs while you study.
Once you select this, click “Continue” to move to the next step.
Step 3: Upload Your Admission Letter and School ID Card (Optional)
In this step, you need to show that you are enrolled in the new academic session. You will need to upload these documents:
- Admission Letter (Mandatory): This is required to show that you have been admitted for the new academic session.
- School ID Card (Optional): This is not required, but you can upload it if you have it, as it can help confirm your identity.
Make sure the documents are clear and easy to read. Once uploaded, click “Continue.”
Step 4: Wait for Your School to Update Your Records
The Nelfund system will check if your school has updated its records for the new session.
- If your school has updated the records and started the new session, you can continue with the loan renewal.
- If your school has not updated its records yet, you will have to wait until they do.
If your school has not updated their records, contact your school’s ICT Centre for help. They can update your details in the system so that you can renew your loan.
Once your school updates the records, you can continue with the process.
Step 5: Confirm and Submit Your Loan Request
After everything is confirmed, double-check all the information, such as the amount of money you’re requesting. If everything looks good, submit your loan renewal request.
The system will process your application and let you know the next steps. You’ll be informed about when you can expect to receive your loan.
Frequently Asked Questions (FAQs)
Can I renew my loan if I haven’t finished my program yet?
Yes, you can renew your loan as long as you are still enrolled in your academic program for the new session.
Do I need to submit documents from my previous loan?
No, you do not need to submit documents from your previous loan. The system will already have your past loan information.
What happens if my school hasn’t updated its records yet?
If your school hasn’t updated their records, you will need to wait until they do. Contact your school’s ICT Centre to ask them to update your information.
Can I apply if I am not yet enrolled for the new session?
No, you must be enrolled in the new academic session to renew your loan.
What should I do if I can’t upload my documents?
If you’re having trouble uploading your documents, make sure the files are not too big and are in the correct format (PDF, JPG, or PNG). If you still face issues, contact Nelfund support or your school’s ICT Centre for help.
How long does it take for the loan renewal process?
The process can take a few days or weeks, depending on how busy the system is and how fast your school updates its records.
What happens after I submit my loan request?
Once you submit your request, the system will process it. You’ll be notified about the status of your loan and when you can expect to receive your funds.
Can I renew my loan more than once?
Yes, as long as you are eligible, you can renew your loan each academic session.
Conclusion
Renewing your Nelfund loan is easy if you follow the steps above. Just make sure to provide the correct documents and be patient if your school hasn’t updated its records yet. If you face any issues, don’t hesitate to contact your school’s ICT Centre.