How long does it take to get a loan with MPOWER?

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 Here’s a simple overview of timelines:

  • Application submission and initial review: Approximately 30 minutes.
  • Document upload: Up to 30 minutes if all your documents are ready. For your convenience, here’s an easy-to-read checklist for required documents. Please use the one relevant to your current status to upload the required documents.
  • Final review and loan decision: Six to eight business days after complete document submission. We may need additional documents that could extend the timelines.
  • *Certification: This depends on the time it takes your school to certify and provide the disbursement plan. Learn more about the certification process here.
  • *Disbursement: This is scheduled as per your term and the submission of your valid immigration document.

*Most Canadian schools do not have a certification process; hence, timelines may vary accordingly.

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