StudySahara Logo StudySahara

MPOWER Financing Education Loan

Fund your studies in the USA or Canada with MPOWER’s no-collateral loans, offering fixed APRs from 10.89% and up to $100,000.

MPOWER Financing Logo

Overview

MPOWER Financing provides collateral-free education loans for international students at 500+ schools in the USA and Canada. With fixed APRs starting at 10.89%, loans cover tuition, living costs, and more up to $100,000.

Key Features & Benefits

  • ✔Loan Amount: $2,001–$100,000 (max $50,000/term).
  • ✔Grace Period: 6 months post-graduation.
  • ✔Repayment Tenure: 10 years.
  • ✔Fixed APRs: 10.89%–17.08%.
  • ✔No Collateral: No co-signer required.
  • ✔Discounts: Up to 1.25% off APR (autopay, on-time payments).
  • ✔Credit Building: Builds US credit history.
  • ✔Visa Support: Free visa letters and career services.

Eligibility Criteria

Student:

  • •Aged 18+, enrolled in 500+ supported schools.
  • •Within 2 years of graduation or starting a 1–2-year program.
  • •International student, DACA, US citizen, refugee, or asylum-seeker.
  • •GPA ≥ 2.5 (if applicable), valid study visa.

Other:

  • •No co-signer or collateral required.
  • •High CIBIL score preferred, no bank loan dues.

Documents Required

Student:

  • •Passport, valid US/Canada visa.
  • •Admission letter from supported school.
  • •School invoice (within 30 days).
  • •Current transcripts (unofficial accepted).
  • •GRE/GMAT/IELTS/TOEFL scores (if applicable).
  • •Financial proof (bank statements, income proof).

Other:

  • •MPOWER Financing application form.
  • •Existing debt details (if any).
  • •Optional payslip/salary evidence.

Interest Rates & Charges

MPOWER Financing offers fixed APRs with no prepayment penalties and up to 1.25% in rate discounts for autopay and on-time payments.

Loan Type APR (p.a.)* Origination Fee Collateral
International Graduate (USA/Canada) 10.89%–15.08% 5% of loan Not required
International Undergraduate (USA/Canada) 12.89%–17.08% 5% of loan Not required

*APRs include 5% origination fee. Discounts: 0.25% (autopay), 0.50% (6 on-time payments), 0.50% (graduation + employment). Contact MPOWER for exact rates.

Application Process

  1. Submit Inquiry: Fill out our quick online form.
  2. Expert Guidance: Connect with our loan advisor for MPOWER Financing options.
  3. Document Prep: Gather documents with our assistance.
  4. Application: Apply online via MPOWER Financing’s website.
  5. Disbursal: Funds released to university within 3–5 days post-approval.

Frequently Asked Questions