How Much Do You Know About NELFUND Student Loans?

Question 1

What type of loan is the NELFUND student loan?

Accepted Answer

Interest-free loan

Answer

Interest-based loan

Answer

Subsidized loan

Answer

Unsecured loan

Question 2

How much is the monthly upkeep allowance under the NELFUND program?

Accepted Answer

u20a620,000

Answer

u20a610,000

Answer

u20a615,000

Answer

u20a625,000

Question 3

What is required for the NELFUND student loan application?

Accepted Answer

Valid NIN and BVN

Answer

Previous degree

Answer

Enrollment in private university

Answer

Postgraduate enrollment

Question 4

What should you avoid when filling the NELFUND application?

Accepted Answer

Using unofficial websites

Answer

Using NELFUND official portals

Answer

Entering your BVN

Answer

Providing your residential address

Question 5

When does repayment of the NELFUND loan begin?

Accepted Answer

After grace period post-employment

Answer

During studies

Answer

During NYSC

Answer

Immediately after graduation