“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 burden of any student. “
MPower Financing has launched the International Student Loan Refinancing (refi) program for Indian graduates working in the United States. “The aim is to ensure that promising graduates around the world can start their careers on a solid financial footing by refinancing up to $ 100,000 (around Rs 75 lakh) in student loans from Indian financial institutions. In addition to freeing up co-signers and collateral obligations, successful applicants can significantly reduce their interest rates while building their credit history in the United States, ”MPower Financing said in a statement.
“Our goal is to empower students studying in the United States by offering them the option of refinancing their student loans through a quick and easy process,” said Ashwini Kumar, Managing Director of MPower’s Indian 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 burden of any student. “
Eligible applicants must have graduated from 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.
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