BOI TISSF Loan 2026/2027: How to Apply for Up to ₦10 Million Interest-Free Loan
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- Category: Loans
- Published on Tuesday, 01 September 2026 06:55
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The BOI TISSF Loan is a Federal Government-backed financing programme that provides eligible academic and non-academic staff of public tertiary institutions with access to interest-free loans of up to ₦10 million.
The scheme, officially known as the Tertiary Institutions Staff Support Fund (TISSF), is designed to improve the financial wellbeing of workers in Nigeria's public universities, polytechnics and colleges of education.
The programme is established by the Federal Ministry of Education and administered by the Bank of Industry (BOI), with TETFund also identified as a funding partner on the official TISSF website.
One of the most important things prospective applicants should know is that the TISSF is a loan, not a grant. Beneficiaries are required to repay the money, but the facility carries 0% interest.
What Is the TISSF Loan?
The Tertiary Institutions Staff Support Fund is an education-sector welfare and financing initiative established to support academic and non-academic staff working in eligible public tertiary institutions.
The official TISSF website describes the programme as a Federal Ministry of Education and TETFund-funded initiative aimed at improving staff welfare, career development and financial stability.
The programme provides:
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Up to ₦10 million
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0% interest
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Repayment of up to five years
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Financing for approved personal and professional needs
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A digital application and verification process
The official TISSF information also states that the maximum loan is capped at 33.3% of the applicant's gross pay.
BOI Is Responsible for Administering the TISSF Loan
The Bank of Industry (BOI) plays a central role in the TISSF programme.
The Federal Ministry of Information and National Orientation confirmed that the TISSF was established by the Federal Ministry of Education and is administered by BOI. BOI's own intervention-fund platform also lists TISSF as a Federal Ministry of Education intervention managed by the bank.
This means applicants should expect the BOI digital platform to play an important role in the application, verification and loan administration process.
Who Is Eligible for the TISSF Loan?
The programme is intended for eligible academic and non-academic staff of public tertiary institutions.
According to the official TISSF portal, eligible applicants include confirmed full-time staff who meet the programme's requirements.
Eligible institutions include:
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Federal universities
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Federal polytechnics
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Federal colleges of education
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One eligible state university per state
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One eligible state polytechnic per state
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One eligible state college of education per state
The official portal also states that applicants must be members of the relevant staff associations and have at least five years remaining before retirement.
Applicants should check the official portal when applications reopen because eligibility conditions and participating institutions may be updated.
How Much Can You Borrow?
Eligible applicants can access a loan of up to:
₦10 Million
The loan is provided at 0% interest, making it different from conventional commercial loans that attract interest.
However, applicants should not assume that everyone will automatically receive the full ₦10 million.
The official TISSF website states that the maximum amount is subject to a 33.3% gross-pay cap, meaning the amount available to an individual depends on the applicable assessment and salary information.
What Can the TISSF Loan Be Used For?
The TISSF is intended to support several important areas of beneficiaries' personal and professional lives.
Housing
Approved housing-related uses may include:
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Accommodation needs
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House rent
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Home improvement
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Home ownership-related expenses
Medical Support
The programme can support approved medical needs such as:
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Medical emergencies
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Critical surgery
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Essential medication
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Other qualifying healthcare expenses
Transportation
Eligible uses include areas such as:
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Vehicle acquisition
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Electric vehicles
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Motorcycles
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Tricycles
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Vehicle maintenance
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CNG conversion
Business and Agriculture
The financing can also support approved income-generating activities, including:
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Small-scale businesses
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Poultry farming
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Fish farming
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Crop production
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Animal husbandry
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Cottage agro-processing
Professional and Academic Development
The loan can also be used for approved development needs such as:
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Professional qualifications
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Career development
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Skills acquisition
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Academic advancement
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Research-related development
The official TISSF website lists professional development, housing, medical needs, transportation, family emergencies, small businesses and agriculture among the areas the loan can support.
How Is the TISSF Loan Repaid?
The TISSF is an interest-free loan, so beneficiaries do not pay interest on the principal under the programme's 0% financing structure.
According to the official TISSF portal, repayments are made through monthly salary deductions via the applicant's institution's bursary department.
The official programme information lists a repayment period of up to five years.
Applicants should therefore understand that the TISSF is a financing facility that must be repaid.
What Documents Should Applicants Prepare?
Applicants should prepare relevant personal, employment and financial documents before the next application window opens.
The BOI application platform requests information including:
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Personal details
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Residential information
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Financial information
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Employment information
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Facial/liveness verification
Applicants may also need employment and institutional documentation as part of the verification process.
The exact documents required should be confirmed from the official application portal when the next application window opens.
How to Apply for the BOI TISSF Loan
When applications reopen, eligible applicants should use the official TISSF/BOI application platform.
Step 1: Confirm Your Eligibility
Check that you work for an eligible public tertiary institution and meet the programme requirements.
Step 2: Prepare Your Documents
Have your staff and employment information, identification and other required documents ready.
Step 3: Visit the Official TISSF Portal
Go to the official TISSF website and follow the application instructions.
Step 4: Complete the Application
Enter your personal, financial, residential and employment details accurately.
Step 5: Complete Verification
Follow the instructions for identity, facial or other required verification.
Step 6: Submit Your Application
Review your information carefully before submitting the application.
Step 7: Monitor Your Application
Successful applicants should follow the official BOI and institutional communication channels for updates concerning approval and disbursement.
Organisations Involved in the TISSF Programme
Several organisations are involved in the implementation and support of the TISSF.
Federal Ministry of Education
The Federal Ministry of Education established the TISSF and provides the government policy and education-sector leadership behind the programme.
The Ministry has described the initiative as part of its broader efforts to improve the welfare, productivity and professional development of tertiary institution workers.
Bank of Industry (BOI)
The Bank of Industry is the organisation responsible for administering the TISSF.
BOI provides the digital platform used for the programme and is involved in the loan administration and disbursement process.
Tertiary Education Trust Fund (TETFund)
TETFund is identified on the official TISSF website as a funding partner.
The official programme website describes TISSF as a Federal Ministry of Education and TETFund-funded programme.
Public Tertiary Institutions
Participating universities, polytechnics and colleges of education are also important to the programme.
Applicants are encouraged to maintain contact with their institution's bursary department for institutional guidance and relevant updates.
The institutions also have a role in the repayment process because salary deductions are handled through the institution's bursary structure.
Federal Government of Nigeria
The TISSF operates as a Federal Government education-sector intervention under President Bola Ahmed Tinubu's Renewed Hope Agenda.
The Federal Government has identified staff welfare and human capital development as important parts of its wider education reform efforts.
TISSF and the Nigeria Education Sector Renewal Initiative
TISSF also sits within the wider education reform framework of the Federal Ministry of Education.
The programme is associated with efforts to improve the welfare and capacity of the workforce responsible for teaching, learning, research and innovation in Nigeria's tertiary institutions.
This makes the TISSF more than a conventional loan product. It is part of a broader government effort to strengthen the people and institutions supporting Nigeria's education system.
Can Previous Applicants Apply Again?
The official TISSF website states that applicants who already have a TISSF loan cannot apply again.
However, people who applied during a previous cycle but were not selected as beneficiaries can apply again, subject to meeting the requirements for the new application cycle.
Important Things to Know Before Applying
Before submitting an application, keep these points in mind:
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TISSF is a loan, not a grant.
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The loan carries 0% interest.
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Eligible applicants can access up to ₦10 million, subject to the programme's limits.
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BOI administers the programme.
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TISSF loan disbursements have already taken place through the programme.
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Repayment is made through salary deductions.
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The previous 2025/2026 cycle has been completed.
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The next application phase is expected to reopen.
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The official TISSF portal currently says applications are closed and scheduled to reopen shortly.
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Applicants should use official government and BOI platforms.
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You should not pay an agent who claims they can guarantee approval.
Official TISSF and BOI Application Websites
When the application window is open, applicants should use official platforms rather than links shared by unofficial agents.
Official TISSF Website:
https://tissf.education.gov.ng/
BOI TISSF Application Portal:
https://tissf.boi.ng/
For general BOI intervention programmes, applicants can also monitor the Bank of Industry's official intervention-fund platform.
TISSF Loan Disbursement Has Already Started Through BOI
The programme has already progressed beyond the planning stage.
TISSF loan disbursements began on 28 October 2025, and the Federal Government confirmed that more than ₦13 billion had been disbursed under the 2025/2026 cycle to 7,450 academic and non-academic staff across 153 public tertiary institutions.
More than 42,000 applications were processed through the programme's digital platform during the cycle, with beneficiaries recorded across Nigeria's six geopolitical zones.
This is important for prospective applicants because TISSF is not simply a proposed government loan scheme. Actual loan disbursements have already been made through the programme administered by BOI.
When Did the Last TISSF Application Cycle End?
The 2025/2026 TISSF cycle was officially concluded by 19 June 2026, when the Federal Government announced the completion of the cycle and the next phase of the programme.
The Federal Government's announcement on 19 June 2026 confirmed that the completed cycle had disbursed more than ₦13 billion to 7,450 beneficiaries across 153 public tertiary institutions.
Applicants who are interested in this loan should therefore watch for further updates on when the application would be opened again. We will update this page as soon as a new date is officially released.
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Frequently Asked Questions About TISSF
Is the TISSF loan still available?
The programme is still active, but the current application window is closed. The official TISSF website says it is scheduled to reopen for new submissions shortly.
How much is the TISSF loan?
Eligible applicants can access up to ₦10 million, subject to the programme's conditions and the 33.3% gross-pay cap.
Is TISSF interest-free?
Yes. The official programme lists the interest rate as 0%.
Who administers TISSF?
The Bank of Industry (BOI) administers the TISSF on behalf of the Federal Ministry of Education.
When did the previous TISSF cycle end?
The Federal Government announced the completion of the 2025/2026 cycle on 19 June 2026. The announcement did not give a separate exact final date for the acceptance of applications.
When will the next TISSF application open?
The official TISSF website currently says applications are closed and are scheduled to reopen for new submissions shortly. No exact new reopening date is currently stated on the portal.
Can non-academic staff apply?
Yes. The programme is designed for eligible academic and non-academic staff of participating public tertiary institutions.
Do I have to repay the loan?
Yes. TISSF is a loan, not a grant. Repayments are made through salary deductions, according to the programme's repayment terms.
Will TISSF Applications Open Again?
Yes.
The official TISSF portal says the programme is scheduled to reopen for new submissions shortly. An exact new reopening date has not been published on the current official portal.
Eligible staff members who want to apply should therefore prepare their documents and monitor official communication from the Federal Ministry of Education, BOI and their institutions.
Is the TISSF Loan a Grant?
No.
The TISSF is a loan programme, not a grant.
The major benefit is that the loan carries 0% interest, but beneficiaries are still expected to repay the amount borrowed according to the programme's repayment terms.
This distinction is important because applicants should only apply if they understand and can manage the repayment obligation.
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Conclusion
The BOI TISSF Loan remains an important financing opportunity for eligible academic and non-academic staff working in Nigeria's public tertiary institutions.
With financing of up to ₦10 million at 0% interest, the programme is designed to help staff manage approved housing, medical, transportation, professional development, family, business and agricultural needs.
The previous 2025/2026 cycle was completed by 19 June 2026, with the Federal Government reporting more than ₦13 billion disbursed to 7,450 beneficiaries across 153 public tertiary institutions. Disbursement began on 28 October 2025 and was administered through BOI.
The current application window is closed, but the official TISSF website says the programme is expected to reopen shortly.
Eligible staff should therefore prepare their documents, stay in contact with their institution's bursary department and monitor the official TISSF and BOI platforms for the next application announcement.