NELFUND: Portal Loan & Calc

Nelfund Portal: guide and calculator for the Nigerian student loan scheme.

Work out what a Nigerian student loan actually costs you — before you sign for it. This app explains the scheme in plain language and turns the published loan terms into numbers you can act on. Everything works offline. No account, no login, no personal data.

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9 OFFLINE CALCULATORS
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• Loan estimator — institutional charges plus upkeep, per session and across your whole programme
• Repayment simulator — how long 10% of your salary takes to clear the balance, month by month
• Repayment timeline — your exact first-deduction date after graduation, NYSC and the 2-year grace
• Upkeep planner — split the monthly upkeep allowance and see the daily figure
• Early payoff — what a voluntary top-up saves you in time
• Take-home impact — your salary after the deduction at source
• Salary needed — what you must earn to finish by a target date
• Compare scenarios — two repayment paths side by side
• Eligibility check — 15 questions against the published criteria

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THE WRITTEN GUIDE — 10 CHAPTERS
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• What the scheme is, and the Students Loans Act behind it
• Who is eligible — JAMB number, matric number, NIN, BVN, direct entry, part-time
• How to apply — the three official steps, explained
• Documents and identity data — and why name mismatches stall applications
• Disbursement — how institutional charges and upkeep are paid, and why timing varies
• The upkeep allowance — how much, who qualifies, how to make it last
• Repayment — the 10% rule, self-employment, paying early, relocating abroad
• Life after graduation — NYSC, first job, unemployment affidavits
• When something goes wrong — refusals, appeals, deferral, dropping out
• Stay safe from scams — the fee scam, the fake portal, the fake agent

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REFERENCE TOOLS
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• 35 frequently asked questions, searchable by category
• 30-term glossary: disbursement, GSI, deduction at source, grace period, undertaking
• 320 participating institutions — universities, polytechnics, colleges — by state and type
• National figures: students supported, disbursements by year, coverage across 36 states and FCT
• Document readiness checklist that saves your progress
• Application step tracker
• Official links hub — opens the real portal, support desk, terms and privacy policy

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KEY FACTS THE APP EXPLAINS
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• The loan is interest-free — you repay exactly what was disbursed
• Institutional charges go to your school; upkeep is paid to you monthly
• Upkeep must be requested at the same time as the institutional loan
• Repayment begins two years after NYSC, at 10% of monthly salary or profit
• No guarantor is required, and there is no age limit
• No payment is ever required before disbursement — every request for money is a scam

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WHAT THIS APP DOES NOT DO
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This app is a study aid. It does not lend money and it is not a lender. It cannot submit an application, check your loan status, verify your identity, or influence any decision. It never asks for your NIN, BVN, bank details, password or OTP. Applications are made only on the official portal.

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DISCLAIMER
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NELFUND: Portal Loan & Calc is an independent, unofficial educational app. It is not affiliated with, endorsed by, sponsored by or connected to the Nigerian Education Loan Fund (NELFUND), the Federal Ministry of Education, or the Federal Government of Nigeria. All names and trademarks belong to their owners and are used descriptively. Figures are estimates for planning only — not a quotation and not a statement of your balance. Rules and amounts can change; always confirm with NELFUND directly. This app is supported by advertising and does not provide financial or legal advice.