MPOWER is the only lender in the U.S. that works with Indian and International students at more than 200 universities across the U.S. and partners with a wide range of graduate and undergraduate programs.
No collateral, co-borrower, co-signer or co-applicant needed
10 year loan tenure with no pre-payment penalty
Top up loans available
College related expenses including off campus housing, text books and third party insurance
No EMI until graduation instead only small touch payments
Zero Loan Margin
Build U.S. credit score and history
Credit decisions based on future earning potential
Fixed 11.99% interest rate for graduate students
Fast online, paperless process
Direct disbursement to schools
U.S. career strategy services
Maximum loan amount
Loans can be availed from $2,000 upto US $50,000 i.e maximum US $ 25,000 for each academic period.
Eligible degree programs
Applicable for MBA, MS, JD, PhD and other postgraduate programs and for last 2 years of Undergraduate across 200+ univeresities and colleges in the U.S.
There is no fee to apply for a loan. If you are approved and choose to proceed with the loan, a 5.0% origination fee will be added to your loan balance and must be repaid over the term of your loan. You are not required to pay this fee upfront; instead you pay it back with your monthly loan payments.
You can cancel the loan up to 30 days after disbursement with no charge, penalty or interest
Origination fees are a common loan fee. It covers the cost of processing your loan and having the funds disbursed.