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MPOWER Financing - Education Loan

INTERNATIONAL LENDERS

Collateral free loans available

Loan Margin : NIL

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4 days avg loan processing time

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Margin

NIL

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Collateral

Collateral free loans available

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Loan Tenure

Upto 10 Years

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Processing fee

$5

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Early Repayment

Yes(without any charges)

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Living Cost

Yes

Secured Loan

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Amount

NIL

Un-Secured Loan

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Amount

Up To 9,500,000

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UniCreds Guarantee

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100% transparent process

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Fast loan processing

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Free of cost service

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No hidden fees

Features of Mpower Education Loan

Now we've talked through the concepts of MPOWER education loan. Let's go through the details and know more about the loan program. In the below table you can find everything from MPOWER financing interest rate to processing fees and repayment.

FeaturesEducation Loan Details
Loan amountMinimum Loan Amount - $10,000 Maximum Loan Amount - $100,000
Margin moneyNil
Interest rateMPOWER financing Interest rate starting at 9.99%
Processing fee$5 5.0% Flat
Processing time4 Days 4 Days (Up to)
Loan tenure10 Years
Prepayment chargesNil
Countries coveredUSA, Canada

Looking forSparkLogoFaster and
streamlined Process?

100% Transparency

100% Free

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Our education loan counsellors will stay by your side every step of the way and recommend the best partner and guide you through the loan applying and sanctioning process.

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Eligibility

It opens doors for ambitious Indian students to pursue international education. Here's a quick guide to see if you qualify for a loan:

TypeRequirement
Recent Graduates or Incoming StudentsBe within two years of graduation or enrolled in a 1-2 year program (any field/degree)
University AcceptanceSecure admission to an approved university within the MPOWER Financing Universities network.

Benefits of Mpower Abroad Education Loan

Future-Focused Approval
Forget credit history! It prioritizes your academic achievements and future earning potential. This opens doors for talented students without a strong credit history.
Invest in Your Passion
Pursue any field! It supports a wide range of programs so you can invest in your dream career.
Competitive Rates, Flexible Repayment
Get potentially lower interest rates and manageable repayment plans based on your future income.
No Co-signer Needed
Gain financial independence. MPOWER believes in you, not your guarantor.
Transparent & Supportive
Enjoy a clear application process and ongoing guidance from a dedicated advisor team.
No Co-signer Needed
MPOWER focuses on your future, not your credit history. Their innovative approach emphasises your projected earning potential.

MPOWER Financing breaks the mold. Unlike traditional lenders, they focus on your potential, not just your past. Here's what sets them apart:

Benefits Of Getting Your Education Loan Through UniCreds

UniCreds Experts
Our team fully understands MPOWER criteria for eligibility and gives process details of application. We'll guarantee that your application is stuffed with all the right elements and polished for a winning opportunity for approval.
Streamlined Navigation
Our purpose to end the perplexity of the MPOWER certification process and financing decisions is to save you time and effort.
Personalized Support
Our experts enhance the process by being available for you at all times and at all stages. They are the ones who provide the answers, the ones who respond to queries, and provide individual assistance. The focus is on ensuring an utterly pleasurable travel.
Maximise Your Chances
We explain MPOWER's requirements and showcase your strengths. This boosts your approval odds for a loan.
Beyond MPOWER
Can't get an MPOWER loan? No worries! UniCreds steps in. We link you to various lenders and scholarships. Your study abroad dream stays alive.

Get Guidance at every step of your loan application

We ensure 100% transparency throughout the education loan process.Our education loan counsellors will stay by your side every step of the way.

Need Guidance Faster? Call us at:

phone

18001217661

Start your journey now

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Need Guidance Faster? Call us at:

phone

18001217661

How to Apply for Mpower Abroad Education Loan?

Ready to make your international education dreams come true with MPOWER Financing? UniCreds is here to make the application process easy and boost your chances of success. Follow these steps:

 

1. Check Your Qualifications

  • Visit our MPOWER eligibility page to see the requirements at a glance. We're also available to assist you in determining your eligibility and addressing any inquiries.

 

2. Collect Your Papers

  • MPOWER will need documents such as transcripts, standardized test results (GRE, GMAT, TOEFL, IELTS. Specifics vary by program) proof of acceptance to an MPOWER approved university and a financial statement if necessary. We can offer a checklist to ensure you have all the documents.

 

3. We Help Optimize Your Application

  • We can highlight your strengths and tailor the application to showcase your potential to MPOWER.
  • We want to put your best foot forward!

 

4. Await MPOWER's Decision

  • MPOWER's streamlined process often provides a fast response. We'll keep you updated on the status of your application.

 

5. Secure Your Loan and Go Global!

  • Once approved, MPOWER will disburse your loan funds directly to your university.
  • We can answer any questions you have about the disbursement process.

 

UniCreds: Your Partner in MPOWER Success

Throughout this journey, we will be by your side.  We offer ongoing support and guidance to ensure a smooth and successful experience with MPOWER Financing.

 

Looking forSparkLogoFaster and
streamlined Process?

100% Transparency

100% Free

unicreds

Our education loan counsellors will stay by your side every step of the way and recommend the best partner and guide you through the loan applying and sanctioning process.

unicreds-scholar-girl

Documents Required for Mpower Education Loan

Gathering the right documents is crucial for a smooth MPOWER application process. Here's a checklist to ensure you have everything you need:

TypeDocuments Required
Personal Documents- Proof of Identity (Aadhaar Card, PAN Card, Voter ID, etc.) - Proof of Address (utility bills, rental agreement, etc.)
Academic Documents- Acceptance letter from your chosen university abroad - Most recent academic transcripts (including mark sheets and degrees) - Standardised test scores (if required by the university, like GRE, GMAT, TOEFL, IELTS)
Financial DocumentsIncome tax returns, for the applicant. If applicable, the co applicant for the three years. Additionally submit revenue slips for both the applicant and their co applicant, for the six months. Bank statements covering the six months are also required from both the applicant and if relevant, the co applicant. Lastly please include a statement sheet outlining the expected cost of attendance at your university encompassing tuition fees, accommodation expenses and other relevant costs.

Mpower Student Loan Repayment Options

Invest in your future with an MPOWER abroad education loan. You'll have a smooth repayment plan waiting for you.

After graduation, enjoy a grace period (usually 6 months). Focus on finding your dream job without worrying about repayments. During your program, you may have interest-only payments. This helps minimize your financial burden while studying. Specific terms may vary. Also, MPOWER offers flexible repayment plans. They adjust based on your future earning potential. This ensures manageable monthly payments for you

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The displayed EMI amount is approximate & is subject to change based on various factors.

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Principal Amount
1,600,000
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Total Interest
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What our Students say about us

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Frequently Asked Questions

MPOWER offers fixed interest rates starting at 12.99%. Going up to 13.98% (13.98% APR). You have the option to reduce your interest rate by 0.25% if you opt for payments. It's important to examine rates, compare them with lenders and consider your individual circumstances and future earnings potential.
Yes, MPOWER represents a viable channel for Indian students interested in receiving funds for their college programs in the US and Canada at both undergraduate and postgraduate levels. The loans are granted solely on the basis of future income potential, hence, co-signer (general requirement for traditional loans) is not needed. While you might, it’s crucial to compare interest rates and terms of other loan companies to see the fit better for your requirements.
MPOWER provides a grace period that extends beyond your program by 6 months. During this period you can opt to make interest payments. Repayment of the principal loan amount commences after the grace period concludes. They allows borrowers up to 10 years to repay the loan without any penalties for repayment.
The specific documents required for an MPOWER loan application may vary, but generally include: - Proof of identity (passport, government ID) - Proof of acceptance to your program - Academic transcripts - Proof of financial resources (bank statements, scholarships)
The applicant must have been admitted to a school and program supported by MPOWER. Remember, one can apply for a quote before getting an admittance letter. An admission letter is asked for at the time of loan approval. The applicant must be a citizen of one of the countries supported by them.