Yes, an MPOWER refinance loan application can be canceled. 

Before we head to the detailed process of cancellation, consider the following:

Did you make an error in your application? Try amending the details to save time! Here’s how: "How do I update or edit my application?"

If these do not resolve your issue, contact your relationship manager for resolution or cancellation of your application.

Conditions for Cancellation

Before Loan Approval 

You can cancel your application without incurring any penalties before you get your loan decision. 

After Loan Acceptance 

Rescission Period: If you have signed the Final Loan Agreement, you have a 4-business-day rescission period to cancel your loan request.

Before Loan Disbursement

You have the tentative date of disbursement in your loan documents, you can choose to cancel your application before the date of disbursement without any additional charges.  

After Loan Disbursement:

No cancellation is allowed after the disbursement of the loan.

It is crucial to promptly communicate your cancellation decision to avoid any complications or further processing.