Education Loans for Indians studying in the USA & Canada

We invest in your future.

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Why choose MPOWER Financing?

No guarantor/co-applicant, collateral or credit history required

Fixed interest loans with up to 1.50% in interest rate discounts

Free loan sanction letters and exclusive career strategy services

Over 350 schools in the United States and Canada



  • Fund your education with no collateral, cosigner, or previous credit history because we believe in your future.
  • We work directly with more than 350 schools in the U.S and Canada and supported thousands of students to realize their true potential
  • With flexible repayment options, we help international students develop their credit profile in the U.S and Canada
  • Excellent career coaching, designed to your needs to help you advance professionally in your career.


  • Fixed interest rate ranging from 11.99% to 13.99% but you can easily further reduce the APR by 1.50%.
  • No hidden fee, upfront processing charges, or disbursement fee. You can pre-pay your loan anytime without any additional charges.
  • Funds are disbursed in US dollars directly to the school, meaning no forex/transaction fees
  • Free loan sanction letter


  • Complete your application and document submission online while we assist you on every step of the process
  • Easy to upload documents on your personalized account. Document checklist available to remove any hassle
  • The application takes less than 30 minutes to complete and we can issue a conditional offer in 3 days

How it Works


Check to see if we sponsor your school and program
Estimated time: 60 seconds


Complete your application.
Estimated time: 30 minutes

Conditional Offer

Receive a provisional loan sanction letter after we review your application.
Estimated time: 1-3 business days

Upload Documents

Upload requested documents to your MPOWER dashboard, watch an introduction video, and complete a short assessment.
Estimated time: 30 minutes

Final Approval

Receive a final approval after we verify your documents. You can also request proof of sufficient funding letter to be submitted to the school.
Estimated time: 1-3 business days

School Certification

Relax while your school confirms your enrollment status with us, following which we can directly disburse funding to your school on an agreed upon date.
Estimated time: 2-10 weeks


Contact us for your interest rate discount!

What our borrowers say

Sumei worked as a technical support specialist for Citibank in Shanghai, but the opportunity to improve her English and “see the world” led her to an au pair position in New York City. She later decided to pursue a Master’s degree in computer science in the U.S. but found her savings woefully inadequate. MPOWER came through with a loan, and Sumei now has a great internship as a software engineer!

Sumei X.

Jiangsu, China, Boston University

When Srijan started his degree program at Stevens Institute of Technology, financial struggles—and worries about burdening his family—kept Srijan up at night. Now, with MPOWER’s help, he’s finishing his degree and starting a great job in financial services. And instead of burdening his parents, his job will enable them to retire early!

Srijan B.

Calcutta, India, Stevens Institute of Technology

Born in Libya to Czech and Slovak parents, and raised in Malta, Simona is the epitome of a global citizen – and her career, which has included setting up Maltese operations for a Czech start-up, reflects that. Faced with a funding shortfall that imperiled completion of her degree, Simona turned to MPOWER. Now, she’s on track to graduate and pursue a career in healthcare.

Simona S.

Malta, MBA, California State University, Long Beach (CSULB)


What is APR?
Annual Percentage Rate (APR) is legal definition that reflects all the cost of borrowing, making it easy to compare costs between different loan products. This means it is impossible to hide additional fees when quoting an APR. The EMI shown by Indian financial institutions typically only includes the rate of interest on the principal loan amount. However, an APR calculation includes interest plus other costs of borrowing, such as an application fee, processing fee, etc.
What is the eligibility criteria?
In order to be eligible for a loan with MPOWER, you will need to meet the criteria below:
a) You must currently be admitted to or enrolled in a school in the U.S. or Canada that MPOWER supports
b) You must be within two years of graduating from your program by the time you need the loan. For example: if your anticipated graduation date is May 2021, then you can apply for a loan for May 2019 or later. Please check your loan eligibility here.
c) Your program must be in-person in the U.S. or Canada (not online) and be degree-seeking
What will be the equated monthly installment (EMI)?
Our loans are interest-only while in school and during the 6-month grace period, and principal payment begins 6 months after graduation. This means that there are two different EMI figures. While in school, for a loan amount of $10,000 at an interest rate of 11.99%, your EMI would be $100.54. Once you graduate and receive all the discounts to reduce your interest rate to 10.49%, your EMI would be $141.62. The second EMI is higher because it includes the principal repayment. These are approximate figures and would vary based on your individual circumstances. Please read our repayment terms, or contact us for more information.
Will I require a co-applicant or guarantor?
No. You do not require a co-applicant or guarantor for an MPOWER loan.
How will the funds be disbursed?
MPOWER disburses funds directly to your university. There is no additional fee or effort required from your end to send the money to your school.

Please see other FAQs here

Contact Us

+91 97409 93115

Operating Hours: Monday-Friday 11:00 am – 2:30 am IST (12am to 5pm EST)

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Please note that the contact form is the preferred way to schedule a phone call

© MPOWER Financing, Public Benefit Corporation
NMLS ID #1233542

DISCLAIMER - Subject to credit approval, loans are made by Bank of Lake Mills or MPOWER Financing, PBC. Bank of Lake Mills does not have an ownership interest in MPOWER Financing. Neither MPOWER Financing nor Bank of Lake Mills is affiliated with the school you attended or are attending. Bank of Lake Mills is Member FDIC. None of the information contained in this website constitutes a recommendation, solicitation or offer by MPOWER Financing or its affiliates to buy or sell any securities or other financial instruments or other assets or provide any investment advice or service. © MPOWER Financing, Public Benefit Corporation 2019 NMLS ID #1233542. 1101 Connecticut Ave NW Suite 900, Washington, DC 20036