Education Loan for Studying Abroad from Nepal: Make Your Dream a Reality with Global IME Bank

Nowadays, many students in Nepal are considering studying abroad for further study. Students choose to study abroad from Nepal for various reasons, like in search of a better education or to earn money while also studying. Regardless of any reason, the most difficult thing students face when studying abroad is finances. However, there’s no need to worry, as Global IME Bank is here to help you in this just as it has been doing over the years.

In this blog, you will learn in detail about studying abroad from Nepal and Global IME Bank’s role in making the dreams of thousands of students a reality.

Why Students Are Choosing to Study Abroad from Nepal

There can be various reasons behind many students opting to abroad study. Most of the common reasons can be:

1. Access to Quality Education: Many countries like the USA, Canada, the UK, Australia, etc. become popular destinations for global students, as they provide quality education with leading-edge technology. Nepali students are choosing to study in such countries to grab top-notch quality education.
2. Better Career Opportunities: Graduating from a top university along with excellent education and skills opens up the chance to do well in a career. Additionally, many nations provide post-study work visas, which allow students to work abroad for a period of time and improve their employability, both overseas and in Nepal.
3. Advanced Research and Learning Environment: Students can get access to advanced technology and research opportunities that may not be as readily available in Nepal. This helps in learning through practical experience in the relevant field.
4. Study and Work Opportunities: One of the most appealing things to Nepali student – opportunity to work along with study, which is lacking in Nepal. Many countries allow international students to work part-time while studying.
5. Scholarship and Financial Aid: Many countries provide scholarships and financial aid to international students. This makes Nepali students fulfill their study abroad dream by reducing the financial burden on them and their families.

Process of Studying Abroad from Nepal

The process for abroad study can be quite complex for most. Generally, there are three processes involved:

1. Researching Study Programs & Universities: The first step of studying abroad involves researching your desired countries, universities and study programs. Check location, entry requirements, curriculum, and future job opportunities.
2. Application Process: Collect all the required academic certificates you would need, a letter of recommendation (LoR), and get English tests like IELTS, TOEFL, PTE, etc and other additional tests like, SAT, and GRE if required. Apply online as soon as possible to the universities you have chosen, keeping in mind the requirements for the particular application.
3. Visa Application: After your application gets approved, do all the necessary paperwork, such as admission letters and financial statements, and submit for a student visa. Prepare yourself for the interview and provide sufficient funds for your study abroad.

Major Destination for Studying Aboard from Nepal

According to a recent report of July 2024, Nepali students are pursuing higher education in 66 different countries across the globe. However, 80% of students tend to choose only a few of them:

• Australia
• USA
• Canada
• The UK
• Japan
• New Zealand

Cost of Studying Abroad

The biggest concern for anyone wanting to study abroad is how much it will cost. No one can tell the exact amount, as it is a subjective thing. This differs from country, universities and location you are going to study. You can research the basis of your requirements and find out the cost within a few minutes.

However, the cost of studying abroad is so high that the average Nepali individual can’t afford it with their earning. So, most search for the effective and best education loan for abroad studies which can reduce the financial burden. To ease this, Global IME Bank offers the best education loan in Nepal with competitive interest and flexible repayment options.

Why Choose Global IME Bank for Your Study Abroad Journey

Global IME Bank can make your study abroad journey effective and successful by providing financial support and reducing your and your family’s financial burden.

• Competitive Interest Rate:  Get the best competitive interest rates to lower the financing burden for your abroad study journey.
• Flexible Repayment Options: Choose flexible repayment options that fit your or your’s family income.
• Quality Customer Service: Trained staff are always available to support you on your study abroad journey regarding finances and funding.
• Quick Approval: Take benefit of the fast approval process which ensures timely access to funding.
• Minimal Documentation: Less documentation makes it easy and straightforward.

Turning Your Study Abroad Dream Reality

Choosing to study abroad can be a stepping stone for your career development and personal growth. However, finances might be stopping you from studying abroad. In order to solve your financial burden and turn your abroad study dream into reality, Global IME Bank provides you the best education loan in Nepal at very competitive premium rates and flexible repayment options.