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Companies That Offer Immigration Loans for Africans


    In today’s globalized world, the dream of studying or relocating abroad, particularly to countries like Canada, is shared by many Nigerians and Africans.

    However, the financial implications of such a move can be significant, involving not just tuition but also living expenses and relocation costs. Recognizing this challenge, several companies have stepped forward to offer immigration loans tailored to the needs of Nigerians and Africans.


    These loans are designed to ease the financial burden and make the dream of international education or immigration more attainable. In this article, we explore some of these companies, their offerings, and how prospective borrowers can access these financial services.

    Companies Offering Immigration Loans to Nigerians or Africans

    Several financial institutions and fintech companies are at the forefront of providing immigration loans to Nigerians and Africans, facilitating their educational and relocation aspirations.

    1. Mpower Financing

    Mpower Financing stands out for its commitment to providing educational loans to international students without requiring collateral, a cosigner, or a credit history. Catering to students from over 190 countries, including Nigeria, Mpower supports studies in the US and Canada. They offer up to $100,000, with interest rates ranging from 6.49% to 12.49%.

    2. Stilt Finance

    Stilt Finance targets immigrants and the underserved, offering loans of up to $35,000. They are known for their low interest rates, flexible repayment plans, and the absence of prepayment fees or the need for a guarantor.

    3. Prodigy Finance

    Prodigy Finance offers loans without requiring collateral, a credit history, or a guarantor. They provide flexible repayment plans and are an excellent option for Nigerian students, offering competitive interest rates.

    4. Global Student Loan Corporation (GSLC)

    GSLC provides loans to international students without the need for a cosigner. They cater to students heading to various global destinations for higher education, making them a viable option for Nigerians and Africans.

    Accessing the Loans

    The process to access these loans generally follows a few common steps across most providers:

    Step 1: Research and Compare

    Begin by researching the various loan options available to you. Compare interest rates, loan terms, and eligibility requirements. Consider factors such as the loan amount, repayment period, and whether the lender offers support for your chosen destination and institution.

    Step 2: Check Eligibility

    Ensure you meet the eligibility criteria for the loan. This may include being admitted to a participating educational institution, being of legal age, and meeting any financial need criteria set by the lender.

    Step 3: Prepare Your Documents

    Gather all necessary documentation, which may include proof of admission, financial statements, and identification documents. Each lender will have a list of required documents, so check their website or contact them directly for specifics.

    Step 4: Apply

    Complete the loan application process, which is typically available online through the lender’s website. Ensure all information is accurate and complete before submitting your application.

    Step 5: Await Approval and Disbursement

    After submitting your application, there will be a waiting period for approval. If approved, review the loan terms carefully before accepting. The loan amount will then be disbursed, often directly to the educational institution or to you, depending on the lender’s policies.


    The financial barrier to studying or moving abroad can be significant, but with the help of immigration loans, it is becoming increasingly surmountable for Nigerians and Africans.

    Companies like Mpower Financing, Stilt Finance, Prodigy Finance, and GSLC are making dreams of international education and relocation a reality through their financial products.


    By following the steps outlined above, prospective students and immigrants can access the funds needed to embark on their international journeys.

    Always ensure to understand the terms and conditions of your loan agreement fully and plan your finances accordingly to make the most of this opportunity.