Why Nepali Students Struggle to Finance Study Abroad
Nepal sends a high number of students overseas, but most cannot secure financing through local banks without collateral. International tuition plus living costs easily exceed NPR 50–80 lakh per year.
Study Abroad Loan Options Available to Nepali Students
1. Nepali Commercial Banks (NIC Asia, Sanima, Himalayan Bank)
These banks generally require property collateral and charge 10–14% APR, with 6–12 week approval timelines.
2. NRB Refinance Facility
NRB’s refinancing improves cost but still operates through collateral-focused banks and doesn’t scale for global costs.
3. Scholarships & Grants
Chevening, Fulbright, and others are competitive and partial; not a guaranteed full funding route.
4. International Platforms (GlobCred, MPOWER)
GlobCred provides collateral-free loan access to 60+ lenders, with underwriting based on international admission strength and future earning potential.
How GlobCred Works for Nepali Students
GlobCred evaluates university quality, program ROI, and the student’s admission profile instead of local collateral or credit scoring.
Eligibility Requirements
- Confirmed admission from an accredited international university.
- Programme level: UG, PG, MBA, PhD.
- Academic record and potential.
- Nepali citizenship with valid passport.
- No collateral required for eligible offers.
Supported Study Destinations
| Country | Popular Programmes | Avg Annual Tuition |
|---|---|---|
| 🇦🇺 Australia | IT, Business, Nursing, Engineering | AUD 25,000–45,000 |
| 🇺🇸 United States | MS Computer Science, MBA, MPH | $25,000–$55,000 |
| 🇬🇧 United Kingdom | MSc, LLM, MBA | £15,000–£35,000 |
| 🇨🇦 Canada | PG Diplomas, Master’s, MBA | CAD 18,000–45,000 |
| 🇩🇪 Germany | Engineering, Sciences | €500–€5,000 |
Comparing Study Abroad Loan Options for Nepali Students
| Lender Type | Collateral | Co-signer | Processing Time | Max Amount |
|---|---|---|---|---|
| Nepali Bank | Required | Sometimes | 6–12 weeks | NPR 30–50 lakh |
| NRB Refinance | Required | No | 8–14 weeks | Limited |
| GlobCred | Not required | Not required | Days | Up to $100,000 |
| MPOWER Financing | None | None | 2–4 weeks | $100,000 |
How to Apply: Step-by-Step
Complete your free application
Visit GlobCred — takes approximately 3 minutes.
Upload your documents
Admission letter, transcripts, and Nepali passport.
Receive loan offers
Compare multiple offers side by side.
Accept your preferred offer
Complete KYC and documentation.
Funds disbursed
To your university or designated account before start date.
Frequently Asked Questions
Ready to fund your international degree?
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