Loan terms and rate details
You qualify for 3 interest rate discounts worth upto 1.50% :
0.50% discount for making loan payments through automatic withdrawal from a U.S. or Canadian bank account.
0.50% discount for making 6 consecutive on-time payments through automatic withdrawal.
0.50% discount for reporting proof of graduation and employment.
MPOWER student loans have fixed interest rates. This means your rate will remain the same every month. The fixed interest rate before discounts will be .
To complete your application, you must upload all documents necessary within 120 days of the date of this letter. If you do not upload all documents within 120 days, your conditional approval will expire, and your application will be cancelled. As soon as we receive and validate your documentation and information, your application will be considered complete. We will notify you in writing (via email and/or WhatsApp) if your application receives final approval and disburse the proceeds of your MPOWER student loan at an appropriate and designated time (decided by your school).