NELFUND Loan Repayment Rules

NELFUND's published terms state that borrowers participating in NYSC begin repayment two years after completing the programme. The terms also describe employer updates and a 10% monthly salary deduction at source for repayment.

Self-employed borrowers have additional information-update obligations. Read the current loan agreement before accepting funds.

See repayment details.

Practical checklist

Use the official portal for current status, verify your information carefully, save confirmation details, and avoid third parties requesting payment.

• Check the exact status shown in your account.
• Keep application references and official correspondence.
• Do not share passwords or OTPs.
• Use official NELFUND channels for decisions and updates.

Related guidance

See eligibility, application guidance, common issues, repayment and official links.