Education Loan For Abroad University
Eligibility of student
How to apply
Benefit from Student loan
350+ Universities
Discount on Interest rate
Repayment plans
7 days approval
Terms and conditions
Apply here
MPOWER Student Loans have fixed interest rates, meaning the rate will not change as market interest rates change. Our current interest rates range between 7.99% (8.89% APR¹) and 13.99% (14.97% APR¹). These will be the maximum rates and will never increase. However, if you qualify for all the discounts offered by MPOWER, your rate will range between 6.49% (7.53% APR²) and 12.49% (13.63% APR²).
No! Our interest rates are fixed, which means they will never increase.
In addition to fixed interest rates, MPOWER also offers three interest rate discounts that could potentially reduce your interest rate by up to 1.50%.
If you are approved and choose to proceed with the loan, a 5% origination fee will be added to your loan balance. You are not required to pay this fee upfront; instead, you will pay it over the term of your loan.
A small fee is charged if your payment is late or invalid for any reason – for example, insufficient funds or a check you used to make a payment is returned. We don’t want you to pay these fees any more than you do! If you think you may have trouble making a payment, let us know so our team can see how we can help.