There used to be a myth that to receive a student loan one has to be a US Citizen or a Green card holder. That is still true for federal student loans, but not private lenders. One of those companies is MPOWER fINANCING. With Wallas Advisory and Consulting we can guide you through the process If you need any assistance feel free to book a free consultation appointment.

The process for receiving an international student loan through MPOWER Financing generally involves several steps. Here is a general outline of the general process:

1. Check Eligibility:

Visit the MPOWER Financing website and review the eligibility criteria for international student loans. Typically, MPOWER offers loans to international students studying in the U.S. or Canada.

2. Application and Pre-Approval

Start the application process by filling out the online application form. Provide the necessary information about your educational background, financial situation, and the amount of funding you require.

3. Provide Documentation

You will likely be required to submit various supporting documents, such as proof of admission to an eligible U.S. or Canadian educational institution, academic transcripts, a valid student visa, and other relevant financial documents.

4.  Credit Check and Assessment

MPOWER Financing will perform a credit check and assess your overall creditworthiness and ability to repay the loan. They may also consider factors such as your academic performance and future earning potential.

5. Loan Offer and Acceptance

If you meet the eligibility criteria and pass the credit assessment, you will receive a loan offer outlining the terms and conditions, including the interest rate, repayment schedule, and any other relevant details. Review the offer carefully and accept it if the terms are acceptable to you.

6. Loan Disbursement

Once you accept the loan offer, MPOWER Financing will disburse the approved loan amount directly to your educational institution to cover your tuition and other approved educational expenses.

7. Loan Repayment:

Make sure to adhere to the agreed-upon repayment schedule and fulfill your financial obligations by making timely loan repayments as per the terms outlined in your loan agreement.

It’s important to thoroughly understand the terms and conditions of the loan before accepting any offers. Always ensure that you are aware of any potential changes to the application process or loan terms by checking the latest information.

Please note Wallas advisory and Consulting, you may request services to be advised and guided as you go through this tedious and complex process from start to finish. For a free consultation click the following link:  Free Consultation