Understanding MPOWER's Fixed-Rate Loans

MPOWER offers fixed-rate loans, meaning your interest rate is set at the time of loan approval and remains unchanged throughout the life of your loan. 

While you cannot negotiate this rate, there is a way to lower your overall borrowing costs:

• Automatic payment discount: Enroll in automatic payments (auto-pay) and receive a 0.25% discount on your interest rate. This discount can reduce your total borrowing costs over time if you consistently make on-time payments. Learn more about the auto-pay discount.