EasyShiksha × UniCreds education loans
MPOWER Financing education loan
MPOWER Financing approves students for the USA and Canada based on future earning potential, with no co-signer and no collateral. Apply free through EasyShiksha and a UniCreds expert does the legwork.
UniCreds lending partner- From 12.99% p.a.*
- No collateral needed
- International lender
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20,000+ students have funded their studies with UniCreds
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MPOWER Financing education loan at a glance
MPOWER Financing approves students for the USA and Canada based on future earning potential, with no co-signer and no collateral.
- Lender type
- International lender
- Interest rate*
- Fixed, from 12.99%
- Loan with collateral
- Not offered
- Loan without collateral
- Up to ₹95 lakh
- Processing fee
- Ask your loan expert
- Margin money
- Nil
- Repayment tenure
- Up to 10 years
- Moratorium
- About 6 months after the programme
- Prepayment charges
- Nil
- Countries
- USA and Canada
- Apply through
- EasyShiksha × UniCreds (free)
- Typical decision
- After document check by the lender
Highlights, eligibility and documents
Highlights
- No co-signer or collateral
- Approval based on your future earning potential, not credit history
- Fixed interest rate
- Processing in about 4 days
- Quote available before admission
Who can apply
- Admission to an MPOWER-approved university in the USA or Canada
- Enrolled in, or within two years of finishing, a 1 – 2 year programme
- Citizen of a supported country
Documents
Student
- Passport, PAN and Aadhaar
- Address proof
- Admission or offer letter
- Mark sheets and transcripts
- Test scores (GRE, GMAT, IELTS, TOEFL)
Co-applicant
- PAN and Aadhaar
- Salary slips or ITRs (2 – 3 years)
- Bank statements (6 months)
- Business proof if self-employed
Other
- University cost-of-attendance statement
- Scholarship letters, if any
- Property or FD papers for secured loans
Form to funding in 5 steps
100% digital, with a real person helping you the whole way.
-
Share your plans
Where, what and when you want to study, and how much you need.
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Chat with an expert
A UniCreds specialist calls and explains your options.
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Upload documents
All online from home. No branch visits.
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Get the best rate
Your expert negotiates with lenders for you.
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Get sanctioned
Sanction letter in as little as 48 hours*.
MPOWER Financing vs other lenders
Not sure this is the right lender? Compare starting rates and limits, or let your expert shortlist for you.
| Lender | Type | Interest (p.a.)* | With collateral | Without collateral | Processing fee |
|---|---|---|---|---|---|
ICICI Bank
|
Private bank | From 10% | ₹2 crore | ₹1 crore | 0.5% – 1% + GST |
Axis Bank
|
Private bank | From 9.5% | ₹3 crore | ₹75 lakh | 0.5% – 1% + GST |
IDFC FIRST Bank
|
Private bank | From 9% | ₹2 crore | ₹75 lakh | 0.5% – 1% |
YES Bank
|
Private bank | From 11% | ₹2 crore | ₹50 lakh | 0.5% – 1% |
Union Bank of India
|
Public sector bank | From 9.30% | ₹75 lakh | ₹40 lakh (listed universities only) | ₹5,000, refundable |
Punjab National Bank
|
Public sector bank | From 9.25% | ₹2 crore | ₹8 lakh | From 0.5% |
Credila
|
NBFC | From 9.95% | No upper limit | ₹75 lakh | 0.85% – 1% of the loan |
Avanse
|
NBFC | From 10.75% | ₹2 crore | ₹1 crore | 0.5% – 1% + GST |
|
Avanse Global
|
NBFC | From 10% | Not offered | Based on your profile | From 3.99% |
InCred
|
NBFC | From 11.4% | ₹2 crore | ₹75 lakh | From 1% |
Auxilo
|
NBFC | From 11.25% | ₹2 crore | ₹80 lakh | From 0.5% |
Tata Capital
|
NBFC | From 11% | ₹2 crore | ₹75 lakh | 0.5% – 1% |
Poonawalla Fincorp
|
NBFC | From 10% | ₹3 crore | ₹1 crore | From 0.75% |
Edgro
|
NBFC | From 11.5% | Not offered | ₹1 crore | From 1% |
FinZ
|
NBFC | From 10.75% | Not offered | ₹75 lakh | 0.75% – 1.25% |
Prodigy Finance
|
International lender | Variable | Not required | Based on your course and school | From 5% |
|
MPOWER Financing
|
International lender | From 12.99% | Not offered | Up to ₹95 lakh | Ask your loan expert |
*As published by UniCreds, Oct 2026. Final terms depend on your profile and the lender’s assessment.
MPOWER Financing education loan FAQs
What is the MPOWER Financing education loan interest rate?
Fixed, from 12.99%*. Your final rate depends on your profile, co-applicant, course and university.
How much can I borrow from MPOWER Financing without collateral?
Up to ₹95 lakh*, depending on your profile. With collateral: Not offered.
What is the moratorium on a MPOWER Financing education loan?
About 6 months after the programme. Repayment tenure: up to 10 years.
What is the MPOWER Financing processing fee?
Ask your loan expert*. Margin money: nil.
How do I apply for a MPOWER Financing education loan through EasyShiksha?
Fill in the free form on this page. A UniCreds loan expert checks your eligibility with MPOWER Financing and other lenders, helps with documents and negotiates the offer for you.
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*Interest rates, sanction times, savings, loan amounts, fees and other terms are indicative, as published by UniCreds, and depend on the lender and on the student’s and co-applicant’s profile, course and country. Education loans are provided by banks and NBFCs through UniCreds Private Limited. EasyShiksha (EdSpectra Global Private Limited) refers students to UniCreds and does not lend money or guarantee any loan. Lender names and logos belong to their owners. Cost figures are approximate.