Kathmandu: Nepali students aiming to study abroad can now secure education loans without providing collateral or a guarantor, following the entry of US-based MPower Financing into the Nepali market. The organization is offering loans of up to USD 100,000 (approximately Rs 13 million) for postgraduate students.
The initiative is designed to address the financial barriers that many Nepali students face, as traditional banks often require land, property, or a co-signer based in the US.
Unlike conventional lending models that assess family wealth or property, MPower Financing evaluates a student’s university admission, field of study, and future earning potential. The company has previously provided loans to more than 20,000 students from Bangladesh, Pakistan, and various African countries.
Eligible students can apply for loans ranging from USD 2,001 to USD 100,000, covering tuition, living expenses, and other educational costs. The fully digital application process offers fixed interest rates and transparent repayment plans.
In addition to financing, MPower provides scholarship opportunities, visa support, and career guidance, including help with proof of funds for visa applications and post-graduation job searches. The program is especially targeted at students pursuing STEM, business, and professional degrees with strong global career prospects.
According to MPower Financing, the initiative aims to empower Nepali students by expanding access to higher education abroad and making the process more inclusive and achievable.