I’m in Canada, and I recently got my PR.

    So I’m now eligible for personal loan here.

    I’ve a student loan from Mpower for about 33K USD ($50k CAD) at 13%. I pay about $1100-$1300 (CAD) monthly , which is more than my minimum payments ; since I want to finish this loan sooner

    Original tenure was 10 years, but my aggressive payments will finish it off in 5 years.

    I’m wondering if I should get a personal loan to refinance for the following reasons:

    1. Better interest rate than 13%
    2. Earn in CAD, pay in CAD
    3. No current conversions or wire transfers. I pay about $60 per month just for this.

    Ideally, I want to be done with this in 3 years.

    What options do I have? What interest rate can I expect? I’ve heard TD is good.

    Credit score is ~730

    Student loan in Canada from Mpower
    byu/alvesdani111 inStudentLoans



    Posted by alvesdani111

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