Student Loans For International Students

Why MPOWER?

No Collateral,
No Cosigner

We fund you,
not your family

No Hidden Fees

Origination fee for disbursed
funds only added to loan
amount; no prepayment penalty.

Benefits
Beyond Funding

Free visa and career
search training
and resources

Build U.S. Credit And
Save On Taxes

Build your credit with on-time
payments and access
potential U.S. tax benefits.

Get an education loan without a cosigner!

How is it possible?

At MPOWER Financing we recognize the difficulties international students from Nepal go through when it comes to studying abroad. To make your educational journey easier, we offer student loans to support your studies. We invest in you, and our loan approval criteria is based on your future potential. While you focus on your studies, MPOWER takes care of your financing.

Powered by your future potential

An independent student loan that doesn’t require a cosigner or collateral. We make loan decisions based on your academic background and future capability to repay the loan.

Up to US$100,000 in funding

Competitive, fixed interest rate loans from US$2,001 to US$100,000 total.

Career support for future endeavors

Exclusive career strategy services are available to all customers to get started on a journey abroad.

Visa support throughout the process

Free visa support letters, which have helped Nepali students to obtain a Form I-20.

Free application and cancellation

Free online application, no prepayment penalty and free cancellation at any time throughout the application process.

Personalized online customer support

You can communicate directly with the MPOWER team through email, phone or WhatsApp to receive one-stop, personal service – from consultation to application to disbursement.

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*Rates as low as 9.99% (11.16% APR). This interest rate and APR includes a 0.25% discount for automatic recurring payments.

What other students from Nepal have to say

The MPOWER application was seamless. Being an international student in the U.S. from a South Asian country, this [MPOWER loan] was a tremendous help for my education. International students should know about this option as this helps them to have a proper jump-start in their career. The team is also phenomenal, helping with any questions I had and made my application an easy experience.
| Shrijan

The journey of achieving my academic career would not have been a reality without the help of MPOWER Financing. I am grateful, most especially, to God and to MPOWER for providing the means of funding my education when all hope was lost. I thank the MPOWER team for their support and for supporting the dreams of all international students who have a great vision with their studies and are impacting the lives of others and society.
| Roshan Bhandari

MPOWER helped me complete my MBA in the U.S. when I was close to dropping out due to financial stress. Their belief in me was truly priceless. From Nepal to the U.S., achieving this dream would have been unthinkable without MPOWER's support. Their no-cosigner, no-collateral loans and dedicated guidance made all the difference in turning my dream into reality.
| Suresh Giri

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Who’s eligible for funding?

You could be eligible for an MPOWER student loan if you’re:

An undergraduate or postgraduate student within two years of graduating
A graduate student about to begin a one-year or two-year program.
An international student, DACA recipient, U.S. citizen, refugee or asylum-seeker.
An international student admitted to or attending one of our 500+ eligible schools in the U.S. or Canada.

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What we’ve achieved together

200+

Loans approved in 2023 for students from Nepal

US$4B+

In education loan applications globally

US$100K

In awarded scholarships

500+

Eligible U.S. and Canadian schools

190+

Eligible countries of citizenship

4.8/5

Trustpilot rating

How does the online application work?

Online application

Start the online application and upload a government-issued ID.

Upload Documents

Submit your academic and financial documents.

Approved

Receive loan approval and a free visa support letter.

Disbursement

Access your funds, which will be disbursed directly to your school.

Join MPOWER live events

Take advantage of MPOWER Financing’s weekly live events for international students in Canada and the U.S. Our team walks you through the student loan process, visa support, living abroad and much more! Additionally, at the end of each event we host Q&A sessions, where every question is valued. Connect with students like you and get your questions answered!

FAQ's

Yes, you can get an education loan in Nepal without collateral or a cosigner through MPOWER Financing. We provide a bina dhito loan in Nepal for students who wish to pursue postgraduate education abroad. Our loan process is designed to support students without needing a cosigner or assets. To apply, you’ll need to meet the education loan requirements and submit the documents required.

You can start your education loan application for studies abroad even before receiving your I‑20 or official offer letter. You can submit the necessary documents once you receive your offer letter or I‑20.

No, MPOWER Financing provides education loans in Nepal without collateral, also known as a bina dhito loan. There’s no need for a cosigner or assets. Our loans are approved based on your academic profile and future prospects. This makes it easier for students to access education loans for studying abroad without traditional barriers.

MPOWER Financing offers education loans for studies abroad without requiring collateral or a cosigner. To apply, you must meet basic education loan requirements and provide documents to validate your admission to an MPOWER-eligible university.

Each lender will have varying interest rates. It’s important to confirm the exact rate and the type of interest rate, fixed or variable, so you can compare student loan offers. MPOWER Financing offers fixed interest rates on its education loans for studies abroad, which help you budget for your study abroad journey.

No, with MPOWER Financing, parents are not responsible for your loan because no cosigner or parental obligation is required. MPOWER offers education loans without collateral or cosigner, meaning the loan offer is made based on a student’s academic and career potential, not family credit, and the student is solely responsible for repayment.

DISCLAIMER – Subject to credit approval, loans are made by Bank of Lake Mills or MPOWER Financing, PBC. Bank of Lake Mills does not have an ownership interest in MPOWER Financing. Neither MPOWER Financing nor Bank of Lake Mills is affiliated with the school you attended or are attending. Bank of Lake Mills is Member FDIC. None of the information contained in this website constitutes a recommendation, solicitation or offer by MPOWER Financing or its affiliates to buy or sell any securities or other financial instruments or other assets or provide any investment advice or service.

U.S. office	India office
1101 Connecticut Ave. NW Suite 900, Washington, DC 20036	The Cube at Karle Town Center, 9th Floor, 100 Ft, Nada Prabhu Kempe Gowda Main Road, Next to Nagavara, Bengaluru, Karnataka 560045, India

Funds to achieve your study abroad dreams