Study Abroad Loans For Nigerians

Schooling abroad has become a modern-day trend that is absolutely worth it. Its effect on individuals is something beautiful and enlightening. There is a saying that; “Student Visa could change the trajectory of your life”

The benefits of studying abroad are numerous and I’ve discussed some of these wonderful benefits in another blog post. They include; Enhancing your network, seeing the world, building a multinational network of friends & acquaintances, discovering better career opportunities, etc. To find out more about the benefits of studying abroad, click HERE.

Despite these benefits, many students from third world countries find it difficult to utilise this global opportunity of schooling abroad. There have been cases where students will get scholarships but find it very difficult to pay for extra expenses as a result of the poor economy of their country.

However, a recent research I carried out revealed a wonderful solution to this problem which is Study Abroad Loans without collaterals, consignees or credit history. I believe this solution can help students from third-world countries or those who have little or no income to support themselves.

There are financial institutions that provide study abroad loans to international students from many parts of the world including Nigeria and most African, Asian and Latin American countries.

Some of these institutions give out loans without asking for collateral, consignee or credit history. That is why they are specially different. They are well tailored for individuals who have been offered an admission of any sort into a University/College in the UK, USA, Canada or others and find it unable to progress because of financial deficiency.

Here are some of the financial institutions that give study abroad loans to international students:

TIP: I have made it easy for you to access their websites and contact them if need be. All you have to do is click the linked text: “Click Here to access” to access their websites. Everything you need to apply is outlined by the institutions on their websites.

1. Mpower Finance
   • Fixed-rate loans from $2,000 – $100,000 total.
   • No cosigner, collateral or credit history required.
   • Supports only Canada & USA schools.
   • Website: Click Here to access
2. Stilt Finance Loan For Immigrants & Under-served.
   • No cosigner required.
   • No prepayment fees.
   • Low interest rate & flexible repayment plan.
   • Website: Click Here to access
3. Prodigy Finance
   • Variable interest rate.
   • No co-signer, collateral or credit history is required.
   • Website: Click Here to access
4. Global Student Loan Corporation.
   • Cosigner not required.
   • Disburse loans directly to school.
   • Website: Click Here to access
5. Lend Wise Student Loans.
   • Loans from £5,000 – £100,000.
   • Repayment up to 10 years after your course ends.
   • No early repayment fee.
   • Website: Click Here to access
6. Future Finance
   • Supports only UK schools.
   • Loans from £2,000 – £40,000.
   • Guarantor is required.
   • Website: Click Here to access
7. Access Bank Student Loan
   • Offers loan of up to Five million Naira
   • Website: Click Here to access
8. EdFin Microfinance Bank – Edfin wise program school fees loan
   • Website: Click Here to access
9. GMB MFB Education loan Any Amount No Collateral (Term & Condition Apply)
   • Flexible repayment structure
   • Low interest rate
   • Website: Click Here to access
10. Nomad Credit
    • This is a database that helps you search for a no cosigner and no collateral student loan to study abroad
    • Website: Click Here to access
11. Education advisory service (EAS)
    • A joint corporation between MOD Group & First City Monument Bank (FCMB)
    • They help Nigerians access the benefit of international education loans
    • Educational loan support of up to $25,000 school fees
    • Website: Click Here to access

Disclaimer: I am not affiliated to any of this organisation. This post is to keep you informed. Please do your due diligence by going to their website & contact them for more details on eligibilities, requirements, terms & conditions.

While study abroad loan is good for some individuals, it is very imperative that you make sure it is your last option. You must have exhausted all other means of funds before depending on the study abroad loan.

Kindly remember to share this blog post with friends and family who are hoping to study abroad. Come back for more helpful and well-informed posts such as this. 🙂

HERE ARE SOME NECESSARY POSTS TO READ UP:

• Cheapest Schools In Canada
• Traveling Abroad Tips For The Average Nigerian
• UK Universities That Accept HND & 3rd Class
• Colleges in Canada that accept HND, 2:2, and 3rd class