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Established in 2007, Prodigy Finance is based in the United Kingdom. A financial organisation that has altered the education loan method while preserving the best level of service. They help the students, on the basis of their academic background, receive study abroad education loans without any collateral or co-applicant.
Features | Education Loan Details |
---|---|
Loan amount |
|
Margin money | Nil |
Processing fee | 5.0% onwards |
Processing time | 15 Working Days |
Loan tenure | 20 Years (7, 10, 15 or 20 years) |
Prepayment charges | Nil |
Starts after 12 months of course completion. No repayment during the moratorium period. |
You are eligible to apply for the Prodigy Finance student loan only if you’ve met the following requirements:
You must plan to attend a school and course it supports. At present, Prodigy Finance funds over 1200+ schools worldwide, but its services are limited to the professions of business, public policy, law, medicine, science, technology, engineering and math (STEM)
Type | Requirement |
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For Unsecured / Non-Collateral Loan without Co-Applicant |
|
Monthly EMI: 0
Principal Amount: 0
Total Interest: 0
Total Amount: 0
Eligibility criteria may vary, but typically Prodigy Finance considers factors such as admission to a qualifying program, future earning potential, and country of study.
Prodigy Finance primarily focuses on postgraduate programs, including master’s degrees and MBA programs, in various fields.
The application process typically involves submitting an online application, providing necessary documentation, and receiving approval based on the evaluation of your profile.
Prodigy Finance often provides loans without requiring a cosigner. The loan approval is generally based on the student’s future earning potential.
Prodigy Finance loans may cover not only tuition but also living expenses, depending on the terms and conditions of the specific loan.
Prodigy Finance may offer options such as deferment or forbearance for borrowers facing financial challenges. It’s crucial to communicate with them to explore available solutions.