Under what circumstances would NELFUND deny an application?
if such an applicant is: Proven to have defaulted in respect of any previous loan granted by any license financial institution; Found guilty of submitting fake/fraudulent documents and dismissed for exam malpractices by any school authority; and Convicted of fraud and forgery, drug offences, cultism, felony, or any offences involving dishonesty;
Are there any documents to upload during the application process?
Yes. Scanned admission letter for new students (compulsory), scanned Student Identification Card (optional).
Is there any appeal process when an application is denied?
A complaint can be raised from the portal, or you can send an email to the NELFUND
What are the consequences of defaulting on the loan?
Deliberate default could result in penalties, legal action, and potential damage to your credit score.