NELFUND Clarifies Institutional Fees and Interest Rates

The National Education Loan Fund (NELFUND) has issued a statement addressing common queries from students and borrowers. Here are the key points:

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1. Institutional Fees Responsibility: NELFUND emphasizes that all institutional fees displayed on their portal are determined by the respective educational institutions.

• Institutions operate autonomously under the law, and NELFUND does not set these fees.
• Students with fee-related inquiries are advised to contact their institution's competent authorities directly

2. Interest Rates Determination: According to the NELFUND Establishment Act, the organization has the authority to determine interest rates on loans.

• In the current scenario, NELFUND has set the interest rate at zero percent.

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For further clarification, NELFUND encourages users to raise tickets through their portal.