MPower vs Prodigy Finance: Which One to Pick for Your U.S. MBA Loan?

If you’ve decided to pursue an MBA in the U.S., you’re probably already wondering how to finance it. Two of the most popular international loan providers—MPower Financing and Prodigy Finance—offer education loans without collateral or a cosigner.

So, which one should you choose?

Let’s break it down.

🌍 Why Choose International Lenders for U.S. MBA Loans?

Here’s why many students go with MPower or Prodigy for U.S. MBA programs:

• No Collateral or Cosigner Required

• No Income Proof Needed

• No Credit History Required

• Fixed Interest Rates (No surprise hikes)

• Covers Living Expenses + Tuition

• Flexible Repayment Options

• Online Application Process

• Helps Build U.S. Credit History

🎯 Key Comparison: MPower vs Prodigy Finance for U.S. MBA Students

Feature	MPower Financing	Prodigy Finance
Loan Amount	Up to $100,000 (2 years)	Up to $220,000
Interest Rate (Fixed)	~11.99%	~10.55% to 14.5%
Loan Tenure	Up to 10 years	Up to 20 years
Disbursement	Paid directly to university	Paid directly to university
Origination Fee	5% of loan amount	5% of loan amount
Moratorium (Grace Period)	Course + 6 months	Course + 12 months
Interest During Study	Simple interest payable during study	No interest payment required during study
GRE/GMAT	Not required	Not required

💡 How to Decide?

Choose MPower if:

• You're looking for a fixed repayment timeline (10 years)

• You’re okay with paying simple interest during the course

• You want career support and scholarship opportunities included

Choose Prodigy if:

• You prefer not to make any payments during your study period

• You want a longer repayment tenure (up to 20 years)

• You’re eligible for a lower rate based on your university and course

✅ Final Thoughts

Both MPower and Prodigy Finance are solid options for funding your U.S. MBA—especially if you don’t have collateral or a cosigner. Your decision should depend on:

• The interest rate you’re offered

• Your preferred repayment structure

• The specific MBA program and university you’re attending

Make sure to compare actual offers before finalizing, and read all terms carefully.