MPOWER Financing is a student loans lender based in Washington, DC. It was founded in 0 and offers student loan refinancing in state across the USA.
The range of APRs you qualify for when refinancing a student loan 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.
Yes, MPOWER Financing charges a loan origination fee.
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.
MPOWER Financing provides refinancing loans of 3 to 10 years.
MPOWER Financing considers loans applications from:
Active duty servicemembers and their covered dependents cannot apply for a loan via MPOWER Financing. The Military Lending Act prohibits lenders from charging servicemembers more than a 36% APR.
MPOWER Financing will typically fund loans within 14 and 28 days of approval.
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