MPOWER Education Loan for International Students

Are you looking for a merit-based education loan without collateral or a cosigner guarantee? MPOWER Financing is your perfect solution! MPOWER education loans offer financial independence without collateral or cosigner at affordable interest rates. 

MPOWER has listed 500+ institutions in the US and Canada eligible for student loan funding. If you get admission to any of those institutions, you can check your abroad education loan eligibility to apply for an education loan.

Apply for an Abroad Education Loan!

MPOWER Financing Education Loans Overview

MPOWER education loans are tailored for students seeking financial freedom and employment. Once your application is accepted, the loan process is completed within 3 – 5 business days. You get a prequalified US credit card and bank account with your MPOWER education loan. 

MPOWER Financing Education Loans Interest Rates

MPOWER education loans have a fixed interest rate of 9.99% (10.89% APR). Timely repayment of MPOWER education loan interest will build your US credit history. This is advantageous for those planning to settle in the US after completing their studies. 

• MPOWER Financing interest rate for abroad education loan are fixed
• There is a 0.25% interest rate discount with autopay
• Interest must be paid while in school and for six months after graduation

What are the Eligibility Criteria for an MPOWER Financing Education Loan?

MPOWER Financing education loans are offered to international students with admission offers to any of the 500 supported colleges. 

• Start your undergraduate or graduate education within 2 years of your last graduation.
• Be an international student, DACA recipient, U.S. citizen, refugee, or asylum-seeker.
• Get admission to any of MPOWER’s 500+ approved schools in the U.S. or Canada.

Regarding your financial profile, you must typically have a high CIBIL score and no bank loan dues. MPOWER will determine your financial eligibility at its discretion. 

Get Study Abroad Help!

Documents Required for an MPOWER Financing Education Loan

The document checklist for your MPOWER education loan differs from the course you apply for admission. International students are required to submit the following documents for MPOWER education loans:  

Repayment Process for MPOWER Education Loans

MPOWER education loan repayment commences after your moratorium period of course years plus 6 – 12 months. You need to pay the interest rates during this period unless MPOWER agrees to defer. The EMI needs to be paid without fail after the moratorium period. 

• For automatic debit of EMI, you will get a rebate of 0.25% 
• The interest rates are calculated in APR, which includes the origination fee
• The maximum repayment period is 10 years in typical cases  

Conclusion: Apply for an MPOWER Financing Education Loan 

MPOWER education loans cover your tuition, travel, accommodation, and all expenses related to studying abroad. If you choose auto repayment, you can get a discount of 0.25% on the repayment. Carefully read the terms and conditions and check the eligibility before applying. The application process is quick and easy, typically taking only 3 – 5 business days. 

Are you looking for MPOWER’s no-cosigner foreign education loan option? Check your eligibility and apply today with Nomad Credit. Our counselor evaluates your profile and guides you from application to disbursement at zero cost! Join today and take advantage of our offer. 

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