Machhapuchhre Bank Introduces Affordable Loans for Students Abroad Through ECAN Partnership
10 August 2024, Kathmandu
Machhapuchhre Bank and the Nepal Educational Consultancy Association (ECAN) Jhapa have announced a new partnership to offer subsidized education loans to students studying abroad.
Machhapuchhre Bank Introduces Affordable Loans
The agreement, signed by ECAN Jhapa President Roshan Subedi and Assistant General Manager Bharat Kumar Lamsal of Machhapuchhre Bank, aims to simplify the loan process for students recommended by ECAN-affiliated consultants.
Under this arrangement, students can access a range of banking services, including educational loans and fee payments, through all branch offices of Machhapuchhre Bank. The bank will facilitate Swift payments for various fees and provide a streamlined process for loan applications.
Machhapuchhre Bank, known for its extensive network, serves over 1.5 million customers through 165 branch offices, 12 extension counters, 167 branchless banking locations, and 200 ATMs across all seven provinces of Nepal. This new initiative reflects the bank’s commitment to supporting students and enhancing their access to higher education opportunities abroad.
About Nepal Educational Consultancy Association
The Nepal Educational Consultancy Association (ECAN) is a prominent organization in Nepal dedicated to supporting and advancing educational consultancy services. Established to represent and serve the interests of educational consultants and agencies across the country, ECAN plays a crucial role in guiding students through the complex process of pursuing higher education abroad.
The association provides a platform for consultants to collaborate, share best practices, and stay updated on the latest trends and regulations in international education. ECAN’s members include educational consultants, agencies, and institutions involved in facilitating student admissions to universities and colleges worldwide. The association works to ensure that its members adhere to high professional standards and ethical practices.
ECAN also engages in advocacy and partnership with various stakeholders, including educational institutions, government bodies, and financial organizations, to enhance the quality and accessibility of education consultancy services. Through its initiatives, ECAN aims to provide students with reliable guidance and support in their pursuit of overseas education, thereby contributing to their academic and professional success.
