Indians in the United States can now refinance their student loans
Update: November 18, 2021 10:55 AM STI
Bangalore (Karnataka) [India], Nov 18 (ANI / BusinessWire India): MPOWER Financing, a mission-driven financial technology company and the leading provider of student loans to promising international students, has launched an international student loan refinancing program (“Refi” ) for Indian graduates. working in the United States.
By launching this program, MPOWER ensures that promising graduates around the world are able to start their new careers on a solid financial footing by refinancing up to $ 100,000 (around Rs75 lakh) in student loans from financial institutions. Indian. In addition to releasing co-signer and collateral obligations, successful applicants can significantly reduce their interest rates while strengthening their credit history in the United States.
âOur goal is to give students studying in the United States the opportunity to refinance their student loans through a quick and easy process,â said Ashwini Kumar, Managing Director of MPOWER’s India Office. “This will not only significantly reduce their interest rate, but also free them from the obligations of a co-signer and a guarantee.” Being able to free up their family resources will greatly reduce the mental load on any student. In addition, MPOWER helps applicants build their credit history in the United States and benefit from various tax benefits offered by the United States government. As a mission-driven company, MPOWER aims to provide a hassle-free and seamless experience for our students with the best interest rates through our refinance program.
âBeing able to refinance my Indian student loan through MPOWER has been such a relief,â said Aniket Sinha, one of MPOWER’s recent refi clients. âSince graduating from the University of Florida I got a fantastic job in my chosen IT field. However, I was still concerned about my loan repayment as well. only by the fact that my parents always had to do it. With MPOWER, not only do I save thousands of dollars every year, but I also have the peace of mind that my parents are free and no longer burdened. as co-signers as they move towards retirement. “
âRefinancing my Indian loan with MPOWER leaves more money in my pocket and helps me establish myself financially in the United States,â said Rahul Gunasekaran, another recent client of MPOWER refi. âNow that I have graduated from George Mason University and have a great job in information security, I want to make sure my parents are no longer financially burdened. My MPOWER loan saves thousands of dollars every year while putting me on a solid footing and freeing my parents from financial obligations.
Eligible applicants must be a graduate of a US or Canadian university and have at least three months of work experience. A wide variety of work authorizations are eligible, including OPT, H1-B, and others. Interested candidates can find out more and apply on the MPOWER website.
MPOWER loans are unsecured and co-signer-free, and students benefit from free credit, immigration counseling, and job placement assistance through MPOWER’s Path2Success program. As a mission-driven organization, MPOWER is committed to providing financially viable loans for students.
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