Indians in the United States can now refinance their student loans


Business Wire India

MPOWER financing, a financial technology company focused on the mission and main supplier loans to promising international students, launched a international student loan refinancing (‘Refi’) for Indian graduates currently 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 75 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.

Our goal is to empower students studying in the United States by providing them with the opportunity to refinance their student loans through a quick and easy process, ”said Ashwini Kumar, Managing Director of the Indian Office of MPOWER. “This will not only drastically 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 burden on any student. Additionally, MPOWER helps applicants build their credit history in the United States and take advantage of 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.

“Being able to refinance my Indian student loan through MPOWER has been such a relief,” said Aniket Sinha, one of the recent refi clients of MPOWER. “Since graduating from the University of Florida I have had a fantastic job in my chosen field of IT. However, I was still concerned about my loan repayment, as well as my parents still being forced to repay the loan. 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 charged as co-signers as they head into retirement.

“Refinancing my Indian loan with MPOWER leaves more money in my pocket and helps me establish myself financially in the United States,” said Rahul Gunasekaran, another recent client of MPOWER refi. “Now 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 learn more and apply on MPOWER website.

MPOWER loans are unsecured and co-signer free, and students benefit from free credit, immigration counseling and job placement assistance through MPOWER Path2Success Program. As a mission-driven organization, MPOWER is committed to providing financially viable loans for students.


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