Study abroad loan for Bangladeshi students

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Are you dreaming of studying abroad but worried about the cost? You’re not alone. For many Bangladeshi students, the financial hurdle can seem daunting. But fear not! Here’s your one-stop guide to navigating study abroad loans and turning your academic ambitions into reality.

Government Scholarships: Your First Stop

Before diving into loans, explore scholarships offered by the Bangladeshi government. These types of scholarships often cover a significant portion of your expenses, including tuition, living costs, and even airfare. Research scholarship programs relevant to your field and academic level. Remember, applying early increases your chances of success.

Private Banks: A Familiar Option

When it comes to student loans for overseas education, several Bangladeshi banks are ready to assist. Institutions like Mercantile Bank, The City Bank, Eastern Bank Ltd, and Shahjalal Islami Bank are among the leading names. While the interest rates might be slightly higher compared to scholarships, these loans offer a familiar and potentially faster application process, providing a quick solution to your financial needs.

However, these types of private Bangladeshi banks often require a security deposit or guarantor. Due to the complicated requirements set by the banks, it’s only possible for some Bangladeshi students to fulfil the loan requirements for higher studies abroad. Study abroad loans for Bangladeshi’s are always a difficult path to acquire financial costs from Bangladeshi banks.

New solution: MPOWER Financing

MPOWER Financing is a USA-based financial institute that has been financing higher studies for international students in the U.S.A. and Canada for quite a long time. It has a very flexible loan application process for Bangladeshi students planning to study in the U.S.A. or Canada. MPOWER financing was recently launched to assist Bangladeshi students with study-abroad loans.

Over 5000+ students graduated from U.S. and Canadian institutions using Mpower study abroad loans, and the loan processing is 100% digital application.

Graduate Track Consultancy is MPOWER Financing’s authorized partner in Bangladesh. It helps students fund their higher studies in the U.S.A. and Canada. GTC do not have any service fees or charges to facilitate the loan from MPOWER Financing.

Benefits of MPOWER loan for Bangladeshi Students

  • Easy application process
  • Flexible loan repayment facilities
  • No Co-signer or Guarantor require
  • No security deposit required
  • Faster Loan Approval and Disbursement
  • Faster loan processing for STEM degrees in the U.S.A. & Canada
  • Up to 10 years of loan repayment facilities
  • Loan entirely based on academic merits and
  • future employability opportunity based on chosen degrees
  • Use the MPOWER study loan approval letter as proof of financial requirements for the LOA/I-20 for visas. Once your loan is approved, no additional funding source is required.

Schools MPOWER support studying in the U.S.A. and Canada

MPOWER partnered with a range of world-class educational institutes in the U.S.A. and Canada. They provide student loan support to selected universities in the U.S.A. (405) and Canada (24). Study abroad loan available for Bangladeshi students via MPOWER. To know more details about the loan conditions and processing you should contact local authorized educational agency.

MPOWER-eligible degree’s for loan

They believe in opportunity and labour market needs. Based on the global labour market demand, Mpower provides many areas to study. That’s why they support the full range of degree types in STEMs and M.B.A.:

  • Master’s
  • M.B.A.
  • Ph.D.
  • Bachelor’s
  • J.D.
  • LL.M
  • M.D.
  • D.D.S.
  • Selected bootcamps
  • Diploma and Associates (Canada only)

Why should Bangladeshi students consider MPOWER loans

It is straightforward: Bangladeshi students struggle to get a genuine education loan to study abroad due to the country’s complicated banking system. Even though a few private banks offer education loans, it is not straightforward to get them. Tons of paperwork, security deposits, guarantors, etc., are the main obstacles to obtaining loans from local lenders.

Meanwhile, MPOWER offers a straightforward digital loan application process with minimal paperwork and conditions. Get your study abroad loan now from MPOWER through an authorized educational agencies in Bangladesh e.g. Graduate Track.

Requirements for study abroad loan for Bangladeshi students to study in the U.S.A. and Canada?

  • You must have a valid admission letter from a U.S. or Canadian school (partnered with MPOWE. Click here to check if your school is on the Mpower list.
  • Valid language proficiency test report, e.g. IELTS, TOEFL, P.T.E. etc
  • Must study STEM background related 1-2 years Masters degree or M.B.A.
  • For undergraduates, only 2nd- and 3rd-year students with a STEM background can apply. A student with a valid study permit in Canada or with F1/F2 visas in the U.S.A. who requires funds for 3rd or final year is an ideal candidate.

How do you apply for a study loan from Bangladesh?

If you plan to study abroad in the U.S.A. or Canada, contact Graduate Tack Consultancy for a comprehensive assessment of your academic and financial needs. Our experienced and professional counsellors will provide you with a career map and financial assistance.

Graduate Track will also assist you with the education loan application and admission to the respective institutes. The initial consultation is always free to plan your higher study abroad journey from Bangladesh. The agency will provide mentorship and assistance with admission, counselling, visa guidance and other services, e.g. accommodation, assisting with air tickets to travel abroad, etc.

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