You can refinance more than one or more loans using a single MPOWER application. However, you must submit separate pay-off statements for each loan to ensure the accurate disbursement of the loan amount to the original lenders.
Important considerations:
- Loan limit: Applicants can only borrow loans from US $2,001 to US $100,000. You can only borrow up to US $100,000 at any given time.
- Repayments affecting eligibility: If you repay or reduce the balance of an existing MPOWER loan, this can be factored into the calculation for a potential new disbursement, allowing for additional borrowing capacity within the US $100,000 limit.
