Students at supported US and Canadian schools
Students at supported US and Canadian schools
International lender · 🇨🇦 Canada
MPOWER Education Loan for Canada
How MPOWER Financing's education loan works for Indian students heading to Canada — limits, collateral, rates and what a typical Canada loan costs to repay.
- US$2
- As low as 9.99% fixed
- Example: ₹58 lakh for Canada
- We compare 2–3 lenders
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Quick answer
Is MPOWER a good choice for an education loan for Canada?
Fixed-rate, no-cosigner loans for the US and Canada. MPOWER lends for Canada: US$2,001 to US$100,000, as published by MPOWER for Indian students. A typical Canada master's on our data (Dalhousie, ₹65 lakh – ₹80 lakh) needs about ₹58 lakh; at 10.5% over 10 years the EMI is about ₹78,262 a month.
Ask on WhatsAppUpdated · Reviewed by the Visa Edu Loans admissions & finance desk
Official sources: MPOWER Financing — loans for Indian students
MPOWER for Canada
- Loan amount
- US$2,001 to US$100,000, as published by MPOWER for Indian students
- Without collateral
- No collateral and no co-signer — based on academic potential and the school
- Collateral
- None
- Co-applicant
- Not required
- Interest rate
- As low as 9.99% fixed (10.89% APR, including a 0.25% autopay discount), as published by MPOWER
- Repayment
- Repayment terms as per the offer, starting after a grace period
- Processing
- Online application; decisions are usually quick
Official terms
What MPOWER publishes
Quoted from MPOWER's own website, checked on 9 November 2026. Lenders revise these often; your sanction letter is final.
Official source: MPOWER Financing — loans for Indian students — rules change; always confirm current requirements.
Repayment
EMI on a ₹58 lakh loan for Canada
Fit
When MPOWER suits a Canada plan
No property and no co-signer
No property and no co-signer
Watch out
MPOWER says it has reached funding capacity and is temporarily unable to offer new loans for 2026 — join its waitlist and line up a second lender
- Get the sanction letter before applying for the Canada study permit
- Make sure the sanction covers the funds the visa requires
- Tuition is paid to the university; living costs to your account
- Keep the disbursement schedule aligned with your intake
FAQs
Frequently asked questions
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Ask a counsellor directly — we reply on WhatsApp during working hours (Mon–Sat, 9 AM–6 PM IST).
US$2,001 to US$100,000, as published by MPOWER for Indian students
No collateral and no co-signer — based on academic potential and the school
As low as 9.99% fixed (10.89% APR, including a 0.25% autopay discount), as published by MPOWER. Fixed.
Explore
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Share your profile — we reply with a checklist and next steps. Expert consultations over call start at ₹355.
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