Where does MPOWER Financing do business?
MPOWER Financing is a marketplace lender based in Washington, DC. It was founded in 2014 and offers student loan refinancing in 50 states (and Washington, DC).
What APRs does MPOWER Financing offer on its student refinancing loans?
The range of APRs you qualify for when refinancing a student loan vary widely by lender and will depend on your creditworthiness and the type of loan you choose. Loans with fixed rates will typically have higher APRs than loans with a variable rate.
Borrowers who choose a fixed-rate refinancing loan can expect APRs that range from 9.99% to % APR.
Does MPOWER Financing charge an origination fee?
Yes, MPOWER Financing charges a loan origination fee.
Does MPOWER Financing charge prepayment fees?
Yes, MPOWER Financing charges additional fees to borrowers who pay off their loans sooner than anticipated. Take this into consideration when choosing a lender because prepayment fees can reduce or even cancel the interest savings of repaying a loan early.
What terms does MPOWER Financing offer?
MPOWER Financing provides refinancing loans of 3 to 10 years.
What type of borrowers will MPOWER Financing consider?
MPOWER Financing considers loans applications from:
- undergraduate degree holders
- graduate degree holders
What do you need to qualify for a MPOWER Financing student loan refinance?
MPOWER Financing doesn’t disclose its credit score minimum.
U.S. citizens, permanent residents, and non-residents can all apply for a MPOWER Financing loan.
What is the estimated funding time for a student loan refinance via MPOWER Financing?
MPOWER Financing will typically fund loans within 14 and 28 days of approval.
2032 Belmont Rd NW
Washington, DC 20009 USA
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- Washington, DC
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia