How to Cancel NELFUND Student Loan
If you want to cancel all or parts of your NELFUND student loan, there are procedures that you will need to follow to do that. However, you can only cancel the loan if it hasn’t been disbursed to you; once you receive the loan, you won’t be able to cancel it again.
You can cancel the NELFUND loan by submitting a loan cancellation letter to the NELFUND portal by raising a ticket within the dashboard. On the other hand, you can also cancel your loan by going to the financial aid department within your institution and requesting loan cancellation. Once you do that before the loan disbursement, they will help you initiate the loan cancellation process.
What is NELFUND Student Loan?
A NELFUND student loan is an interest-free loan that the Nigerian government gives out to qualified students studying in different higher institutions across the country. This loan is designed to reduce the financial burden on students who are finding it difficult to pay their school fees. Students who benefit from this loan are expected to repay it after completing their NYSC program. The repayment plan is flexible and the benefiting students are only required to repay once they secure a job after their NYSC program.
How to Cancel NELFUND Student Loan
Currently, there is no direct method to cancel NELFUND student loans. However, we are going to show you the process that you can follow to initiate the loan cancellation process before its approval.
To cancel NELFUND student loans, you will need to write a cancellation letter to NELFUND and after writing the letter, you will then submit it by raising a ticket.
When writing the loan cancellation letter, you should ensure that the letter contains the following details:
- Your full name
- Your matriculation number
- Your present session
- Your faculty
- Your department.
After writing the letter, the next thing is to submit the letter. To submit your NELFUND student loan cancellation letter, do this:
- Visit nelf.gov.ng
- Tap on the ‘Contact Us’ option
- Once you click on it, you will see the get in touch option, and subsequently, a link will prompt you. Click on it to proceed.
- At this point, you’ll be taken to the NELFUND eSupport at nelfund.esupport.ng.
- Now, choose the Raise Ticket option
- Next, enter your details, like surname, phone number, email address, etc., in the available space.
- After that, locate the ‘Loan Application’ option and choose it.
- Locate ‘Other loan application issue’ under the subcategory and select it.
- Finally, click on the ‘Send’ tab.
Alternatively,
You can also cancel your NELFUND student loan by informing the financial unit or the office in charge of the loan that you want to cancel the loan before it is disbursed to you. If you inform them on time, they will help you initiate the cancellation process.
How to Check your Ticket Status
Now that you have raised a ticket, the next thing is to track it to ensure that the NELFUND support team receives it so that they can begin the loan cancellation process. To see the status of your ticket, you will need to visit the ‘Contact Us’ page on the portal and tap on the ‘My Ticket’ option. Once you click on it, if it shows ‘ Open’, it means that the support team has attended to it. However, it shows ‘Close’; it depicts that the support agent has not opened it. Whatever the result is, you should revisit your email inbox to see the NELFUND team response.
Conclusion
Cancelling a NELFUND student loan is not difficult; you can do that by submitting a loan cancellation letter to their portal or, better yet, by visiting the financial aid department in your institution and requesting a loan cancellation. With either of these methods, you will be able to cancel your NELFUND loan as long as it hasn’t been disbursed to you.
