- Indicative interest rate
- 12% – 15% p.a.
- Loan amount
- Up to about USD 100,000 across the programme
- Collateral
- Not required
- Tenure
- Up to 10 years
- Moratorium
- Interest-only payments during study plus 6 months
- Processing fee
- Origination fee deducted from disbursement
- Prepayment
- Prepayment usually allowed without penalty
- Lender type
- International Lender
Loan products offered by MPOWER Financing Education Loan
A breakdown of the loan structures this partner typically offers, who each one suits, the security expected and how the pricing compares. Your counsellor will confirm which product fits your course, institution and co-applicant profile.
Product 1No co-signer, no collateral loan
Students admitted to the lender's supported university list.
- Typical amount
- Up to the cost of attendance, capped per programme
- Security expected
- None; underwriting is based on the programme and future earnings
- Pricing
- Fixed or benchmark-linked, quoted in USD/GBP/EUR
- No Indian co-applicant or property required
- Sanction letter accepted for visa financial proof
- Foreign-currency pricing means FX movement affects your cost
Apply for This LoanProduct 2Cost-of-living and tuition disbursement
Students who need both tuition and living costs covered.
- Typical amount
- Split across tuition to the university and stipend to the student
- Security expected
- None
- Pricing
- Same as the base loan
- Tuition paid directly to the institution
- Living cost released in tranches
- Repayment usually starts a few months after graduation
Apply for This Loan Documentation
- Passport and student visa documents
- Admission letter from an approved programme
- Academic transcripts and test scores
- Proof of prior work experience where applicable
- Cost of attendance letter from the university
Benefits
- No collateral and no co-applicant required
- Fixed rate for the full tenure
- Visa and career support resources
Considerations
- Only supported universities in the USA and Canada
- Loan is in USD, so repayment carries currency risk
Application process
- Online application with programme details
- Cost of attendance and profile assessment
- Conditional offer with rate and fees
- Acceptance and signing
- Disbursement directly to the university
EMI calculator for MPOWER Financing Education Loan
Pre-filled with this lender's indicative starting rate. Adjust the amount, course duration and tenure to see the monthly instalment after your moratorium.
Estimated EMI
₹46,628
Starting after a 30-month moratorium
- Total interest
- ₹30,95,367
- Total repayment
- ₹55,95,367
- Interest during moratorium
- ₹7,50,000
See My Loan OptionsThis calculator is an estimate. It assumes a fixed rate and equal monthly instalments. Actual EMIs depend on your lender's rate reset policy, interest capitalisation method, fees and disbursement schedule.
Frequently asked questions
Rates, fees and terms are subject to lender policies, scheme changes and your applicant profile. ShikshaVahini does not guarantee approval or any specific rate.
Not sure which lender fits your profile?
Share your course, country and collateral position. A ShikshaVahini counsellor will walk you through realistic options.
