Allowing leptoquarks to interact with both right-handed and left-handed neu
trinos (i.e., "nonchiral" leptoquarks), we show that a nonzero neutrino mag
netic moment can arise naturally. Although the mass of the nonchiral Vector
leptoquark that couples to the first generation fermions is constrained se
verely by universality of the pi(+) leptonic decays and is found to be grea
ter than 50 TeV, the masses of the second and third generation nonchiral ve
ctor leptoquarks may evade such constraint and may in general be in the ran
ge of 1-100 TeV. With reasonable input mass and coupling values, we find th
at the neutrino magnetic moment due to the second generation leptoquarks is
of the order of 10(-12)-10(-15) mu(B), while that caused by the third gene
ration leptoquarks, being enhanced significantly by the large top quark mas
s, is in the range of 10(-10)-10(-13) mu(B). [S0556-2821(99)06509-1].