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Get Free Education Loan Assistance From Siksha Udaan Capital
12.99%-15.99%
5%
o
The process of obtaining financial aid for educational purposes can often be daunting, with numerous hurdles to overcome. However, there is no need for concern any longer, as Shiksha Udaan Capital has collaborated with MPOWER Financing to offer assistance in obtaining a study abroad loan devoid of the necessity for collateral or a co-signer.
MPOWER Financing was established in 2014 to eliminate the financial barriers that hinder educational opportunities worldwide. This firm, which has its headquarters in Washington, DC, specializes in offering student loans to those who are going to university in the US and Canada. MPOWER Financing seeks to increase the accessibility of high-quality education for students internationally by providing financial help. MPOWER can provide financial assistance to more than 400 educational institutions.
The entire loan application process is conducted online, enhancing the convenience for borrowers seeking financial assistance. By eliminating the necessity for in-person visits or paper documentation, users may simply apply for a loan from the comfort of their own homes. This streamlined approach not only saves time but also simplifies the overall borrowing experience.
No collateral or cosigner is required for these loans, as the decision to approve a loan is based on the borrower’s potential for the future rather than their financial background or current assets.
International students can apply for study abroad loans from MPOWER Financing at affordable interest rates, with no need for collateral or co-applicant. Education loans are exclusively offered by the lender to educational institutions situated in the USA or Canada. Depending on your university, the loan amount is given in either USD or CAD. The table below lists some additional advantages of the MPOWER education loan for you.
| Features | Description |
|---|---|
|
Loan amount |
Up to 100,000 USD |
|
Rate of interest |
12.99%-15.99% |
|
APR* |
For Graduate Programs- 13.98% For Undergraduate Programs - 15.01% |
|
Interest Rate Discount |
0.25%(if you sign-up for autopay) |
|
Interest Rate Type |
Fixed Interest Rate |
|
Minimum Income |
N/A |
|
Repayment |
Simple Interest during the course and also during 6 Month grace period |
|
Processing Fees |
5% (adjusted in the loan amount, No upfront payment ) |
|
Other Charges |
N/A |
|
Margin Money |
o |
|
Loan Tenure |
Upto 10 years |
APR, or Annual Percentage Rate, is the annual interest rate on investments. However, it does not consider the impact of compounding interest during the year.
The following requirements must be met for you to be qualified for a loan from MPOWER Financing.
Your educational objectives are unique to MPOWER education loans. They therefore support the whole range of degree types:
MPOWER has simpler document requirements than traditional banks, but there are still a few key documents that you must submit. These mandatory documents include –
Resume/CV – it needs to showcase the qualifications and work experience of the candidate.
Proof of home country address – You can submit any utility bill, banking statement, or signed lease.
Secondary photo ID – Any ID provided by the government is included.
Standardized test scores – Graduate studies often require applicants to take standardized tests like the GRE or GMAT. Additionally, international students must also provide proof of their language proficiency by submitting scores from tests such as the TOEFL or IELTS.
You need to have a valid passport and photo ID from your home country, as well as a valid visa for the United States.
Documents of current study or acceptance letters from the university you want to attend.
Previous academic certificates
Summary of the university’s fee structure (estimated cost).
You can apply online at MPOWER Financing’s website to qualify for a loan to study abroad. However, applying for your education loan with Shiksha Udaan Capital offers an effortless process.
Shiksha Udaan Capital is a digital platform specifically created to help Indian students fund their overseas education. To start your journey with us, simply verify your loan eligibility and let us take care of the rest!
Best Loan Assurance
Our mission at Shiksha Udaan Capital is to support students in pursuing their educational dreams by offering affordable loan options. We guarantee that you will receive the most competitive deal available. If you find a better offer somewhere else, we will match the interest rates for the entire duration of your education loan.
Entirely Online Process
The MPOWER Financing Education Loan is completely online, eliminating the need for students to visit the company. Shiksha Udaan Capital will guide you through the entire process, ensuring a smooth experience.
Rapid Response Time
Shiksha Udaan Capital’s education counselor plays a crucial role in facilitating the speedy approval of loans, making it possible to secure funding within a short timeframe of 3 to 7 days after submitting the needed paperwork.
Conditional Loan Offer
You will be able to quickly receive a conditional loan offer from MPOWER with Shiksha Udaan Capital’s assistance, allowing you to begin the visa application process immediately.
Loan Top-up
MPOWER can give a top-up on the allowed loan amount (from Avanse & Incred only) if it is less than what was needed to fulfill the conditions.
You may get in touch with MPOWER financing in several ways, including:
Contacting MPOWER Financing via email
Email ID: info@mpowerfinancing.com
You may always contact MPOWER Financing by email at the previously mentioned address if you have queries or require any form of support.
Filling out the Online Contact Form
Visit – www.mpowerfinancing.com/contact-us
On their official website, there is an online contact form that you can fill out with some basic information. Once all of these requirements are completed, they are forwarded to MPOWER Financing’s customer care staff, who will get in touch with you.
Office visit
Address: 837, 1, 100 Feet Rd, Indira Nagar 1st Stage, H Colony, Indiranagar, Bengaluru, Karnataka 560038
You can visit the necessary staff at the MPOWER Financing India office listed above. Before you get there, confirm that you have an appointment.
No need to reach out to MPOWER directly when applying for an education loan. The entire application process for the loan is done online.
If you select Shiksha Udaan Capital, their Loan Counsellor will serve as your mentor and manage all communications with MPOWER Financing on your behalf. This indicates that as Shiksha Udaan Capital will handle everything on your behalf, you may obtain an education loan to study abroad without running into unnecessary difficulties. This simplified process guarantees that you may quickly and easily obtain the money you want.
MPower Finance offers a visa support letter that students can utilize to secure their I-20 form needed for obtaining a student visa in the US.
This fee is comparable to what other lenders charge as a processing fee. The only variation is that it is added to the loan amount and is levied for every disbursal.
They provide Path2Success career service programs, scholarships, refinancing, and more.
Yes. It provides for living expenses; however, the applicant must collaborate with the institution’s financial support office to get living expenses because the whole money granted will be sent straight to the university.
Absolutely! It is possible to apply for an education loan at any point during your studies. However, there are certain requirements that you need to meet. Firstly, you should be either an undergraduate or a graduate student. Additionally, you should be within two years of completing your degree or about to start a one-year or two-year program.
Payment of the principal amount begins 6 months after completing the course. Only simple interest needs to be paid until then.
Education loans are available to you without the need for a co-applicant or collateral. MPOWER offers a range of schools and courses, and if your desired institute is included in their list, you can qualify for a student loan from them.
You are unable to obtain an education loan for the UK with MPOWER Financing as it only offers loans for the USA and Canada.
MPOWER Financing has been providing safe options for international students since its establishment in 2014. Many students have successfully pursued their dream of studying abroad with the help of MPOWER Financing.
Shiksha Udaan Capital aims to support your dream of attaining a high-quality education and provide students with easy access to personalized educational finance alternatives.
