International Funds
Prodigy Finance
Typical processing: 5 working days avg loan processing time
Check eligibilityFeatures Of Prodigy Finance Education Loan
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 |
|---|---|
| For Unsecured / Non-Collateral Loan without Co-Applicant |
|
Benefits Of Prodigy Study Abroad Loan
- No Need for a Co-Applicant
- Up to 100% finance for Course Fee, Living and Other Expenses
- Day 1 Abroad Credit Building
Questions students ask
Who is eligible for a Prodigy Finance loan?
Eligibility criteria may vary, but typically Prodigy Finance considers factors such as admission to a qualifying program, future earning potential, and country of study.
What types of programs and degrees does Prodigy Finance support?
Prodigy Finance primarily focuses on postgraduate programs, including master’s degrees and MBA programs, in various fields.
How does the Prodigy Finance loan application process work?
The application process typically involves submitting an online application, providing necessary documentation, and receiving approval based on the evaluation of your profile.
Is a cosigner required for a Prodigy Finance loan?
Prodigy Finance often provides loans without requiring a cosigner. The loan approval is generally based on the student’s future earning potential.
Can Prodigy Finance loans be used for living expenses as well?
Prodigy Finance loans may cover not only tuition but also living expenses, depending on the terms and conditions of the specific loan.
What happens if I face financial difficulties and can't make my loan payments?
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.