American lender MPOWER Financing has launched unsecured education loans of up to USD 100,000 for Nepali postgraduate students, marking a first for the country. Associate Director Claire Almand said the scheme targets STEM and MBA students admitted to 500 leading universities in the US and Canada. Loan eligibility is assessed through a data-based model focused on career prospects rather than guarantors. The loans carry fixed interest rates over a 10-year term, with a fully digital application process.
