Bangladesh · Funding your studiesFinancing study abroad from Bangladesh
Several private banks now offer study-abroad education loans. For example, Mercantile Bank and Jamuna Bank advertise up to around Tk20 lakh for overseas study, repayable over several years with a short moratorium. Terms, eligible countries and collateral requirements vary by bank.
Collateral & guarantor: Expect to provide security and a guarantor; requirements differ by bank and loan size. Because the loan market is still developing, many families combine a bank loan with their own funds and remittances.
Schemes & lenders
Private-bank education loans
Term loans of up to ~Tk20 lakh for study abroad from banks such as Mercantile and Jamuna, with moratoriums tied to the course length.
Student file (forex channel)
To pay a foreign university legally, you open a student file with an authorised bank; the bank then remits tuition and approved living costs. This is separate from the loan itself.
International no-cosigner lenders
Prodigy Finance and (when open) MPOWER lend to Bangladeshi students abroad without local collateral, based on the university and future earnings.
Foreign exchange & remittance
Tuition and living costs are remitted through the student file via an authorised bank, under Bangladesh Bank rules. There is no fixed per-student cap published the way some countries set one, but foreign-currency availability can affect how quickly files are processed.
Documents you’ll typically need
- University offer letter and fee structure
- Passport and student visa
- Guarantor income proof and bank statements
- Security/collateral documents (bank-dependent)
- Academic records and test scores
International no-cosigner lenders
Prodigy Finance
Lends to international master's students (MBA, STEM, law, public policy and similar) from 120+ countries without a co-signer, assessing future earning potential and the university/programme rather than a guarantor's income. Can finance up to 100% of the cost of attendance. Students must be admitted to a supported university and programme.
MPOWER Financing
Offers no-cosigner, no-collateral loans to students from 150+ countries studying in the US and Canada, with a lifetime limit around US$100,000. Note: MPOWER paused new lending for 2026 after reaching funding capacity, so check current availability before relying on it.
Frequently asked questions
Can Bangladeshi students get a loan to study abroad?
Yes. Several private banks, including Mercantile and Jamuna, offer study-abroad education loans of up to around Tk20 lakh, repayable over a few years. Terms and collateral requirements vary, so compare a few banks directly.
What is a “student file” and why does it matter?
A student file is the account an authorised bank opens to legally remit your tuition and living costs to a foreign university. It is separate from any loan, and opening one can take time during foreign-currency shortages — start early.
What if my family has no collateral?
International lenders such as Prodigy Finance (and MPOWER when open) assess your university and future earnings rather than local collateral, which can help students without an asset to pledge.
Plan your funding
Sources: Bank loans for higher studies — The Business Standard · Overseas education loan options for Bangladeshi students — MPOWER
Last reviewed October 2026. This is general educational information, not financial or lending advice. Loan products, rates, scheme rules and foreign-exchange limits vary by lender and change over time — verify current details with regulated lenders and your bank, and speak to a qualified adviser about your own situation.