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:
- Better interest rate than 13%
- Earn in CAD, pay in CAD
- 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