No co-signer or collateral needed.
Steady interest rates, so you know what to expect.
Free help when you need it (for visa support to career tips), at no extra cost.
No penalty for prepayment and loan foreclosures.
Available for international students, DACA recipients, refugees, asylum seekers.
Fixed rates starting at 9.99% (that’s 11.16% APR). Plus up to a 0.25% discounts.
10 years repayment period, which starts after 6-month moratorium post-graduation.
Borrow anywhere from $2,001 to $100,000 to cover tuition and living costs.
Regular payments start after a six-month grace period once you graduate.
Interest Rates
Loan Amount
Processing Fees
Collateral Requirement
Pre-Visa Loan Approval
Repayment Flexibility
Loan Coverage
Loan Disbursement Speed
Prepayment Charges
Starting at 9.99% (11.16% APR)
US$2,001 to US$100,000
6.5% of the loan amount
No collateral needed
Available
Up to 10 years
Full tuition fees for eligible schools in Canada Full tuition fees plus other living expenses for eligible schools in the US
Varies depending on your school
No prepayment or foreclosure charges
10-13%
Up to 1.5 crore
1-2% of loan amount
Non collateral loans are available from many banks and NBFCs
Pre-visa loans are available
Up to 15 years
Up to 100% of the cost of education and cost of stay for the duration of the educational program
2-3 weeks
In some banks, prepayment is not allowed for up to 12 months.
Register on GradRight and fill in your personal, academic, and financial details.
Check out loan offers from over 15 lenders, including MPower, and pick the one that feels right for you.
Securely submit your documents like ID, admission proof, transcripts, and financials.
Submit your application on GradRight and get faster loan approvals.
students assisted
loan requests processed
disbursed in loans
MPower gives you fixed rates starting at 9.99% (11.16% APR). Plus, you can sign up for autopay and get a 0.25% discount. This fixed rate of interest helps you calculate your EMIs beforehand and plan everything to perfection.
Here’s what you need to apply for an MPower education loan:
It’s super easy to compare MPower education loans with other banks with GradRight. Simply make a profile, get loan offers from 15+ lenders. Compare these offers and select the one with the lowest interest and best terms.
To qualify for an MPower study abroad loan, you need an admission letter, a valid passport, and academic transcripts. MPower also checks your future earning potential, since it’s a credit-based MPower financing education loan with no collateral requirement.
Visit MPower’s site and choose the MPower abroad education loan option. Complete the online form, upload your admission letter and ID proofs, and submit your resume. MPower’s team will review and offer tailored MPower financing student loans within days.
An MPower financing education loan focuses on your post-graduation cash flow, not collateral. Unlike traditional loans, MPower financing student loans offer fixed MPower financing interest rates and a six-month grace period. This makes it a streamlined alternative to standard bank loans.
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