To be eligible for the Prodigy Finance student loan, you must not have lived in the chosen nation for less than a year before applying. Your country should also be one of the 150 nations that are supported by Prodigy Finance. It's important to note that the company cannot offer loans in specific countries, regions, and states within the United States and Canada.
Prodigy Finance
International NBFC
Upto 7 days Loan Processing Time
Margin
NIL
Processing Fees
$100 + 5%
Collateral
NA
Non-Collateral
Upto 100% of education cost
Repayment Tenure
Upto 20 years
Cosigner Needed
No
Interest Rate
Starting from 11.50%*
Countries covered
USA, UK, Canada, Australia, and many more
Features of Prodigy Finance
Education Loan Abroad
Prodigy Finance is a UK based financial organisation established in 2007, aiming at easing securing study abroad education loans for students without the need for collateral or a co-applicant, based on their academic background.
Founded on the philosophy that funding shouldn't be a barrier to education, Prodigy Finance’s innovative and borderless model assesses you on your potential, among other variables, not just your current circumstances and credit history.
| Features | Education Loan Details |
|---|---|
| Loan amount | Upto 100% of education cost (Non-Collateral) |
| Margin money | NIL |
| Interest rate | Starting from 11.50%* |
| Processing fee | $100 + 5% |
| Processing time | 7 days |
| Loan tenure | Upto 20 years |
| Prepayment charges | NIL |
| Countries covered | Prodigy provides overseas education loans in numerous countries including USA, UK, Canada, Australia, Germany |
| Moratorium | Study period - 6 Months |
Benefits of Prodigy Finance Education Loan
No Co-applicant needed
Prodigy Finance provides loans without collateral or a guarantor. The loan term is determined by your academic profile and your chosen college.
No Margin
Prodigy Finance offers education loans that cover up to 100% education costs, which means you won't have to worry about any part of your study abroad expenses. These loans cover everything, starting from tuition and living expenses to caution deposit/building fund/any refundable deposit.
Hassle-free fast process
Getting a Prodigy Finance Education loan is much quicker when compared with other financial institutions. If you submit all the required paperwork through Lorien, you can expect conditional loan approval within just 5 days.
Repayment Period
You can repay the Prodigy Finance student loan for up to 20 years. The repayment starts six months after you finish your college course.
How To Apply For Prodigy Finance
Education Loan For Abroad Studies?
You can get in touch with our team of experts by filling out the form on our website. Lorien will schedule a callback with you and guide you through the process.
From helping you upload documents online to presenting them to the banks, Lorien Finance will help you throughout the application process.
Once all your documents are uploaded & KYC process is complete, you can expect your loan to get sanctioned within a few working days.
Why Choose Lorien To Get Education Loan From Prodigy?
Best loans at unbeatable interest rates: Lorien Finance strives to bring you the best possible deals for your study abroad loans. Our experts negotiate on your behalf to get education loans at the lowest possible interest rates.
Effortless Process: All you need to do is fill out the form on Lorien Finance’s website. Yes, it’s that simple! Our team will take it up from there, making it a hassle-free process for you.
100% Free Assistance: Lorien doesn’t charge any processing fee or commission for student loans for your study abroad journey!
Quicker Loans: With constant application tracking and status updates, our experts ensure that your education loan for studying abroad gets sanctioned as early as possible.
Higher chances of approval: In case of any missing documents or other issues, Lorien’s team promptly reaches out to the bank to find solutions to increase your chances of getting a study loan for your overseas education.
Helping you fulfil your study abroad dream!
Fill out the form so our team can get in touch with you!
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Eligibility Criteria For Prodigy Education Loan Abroad
Eligibility Criteria for Student
- You have lived in the chosen nation for less than a year before applying
- Your country belongs to one of Prodigy Finance's 150 funded nations
For Applicant:
- Identity proof (PAN Card, driving license, passport, aadhar card, voter card)
- Proof of address (Electricity bill, Telephone bill, or Ration card)
- Admission Letter or Admit Card or any communication from your university confirming your acceptance into the program
- Credit Report
- Income Verification (if applicable)
- Savings Proof (if applicable)
- Scholarships or Sponsorship Proof from a Company (if applicable)
Documents Required
FAQs
Bringing answers to your questions
What are the eligibility criteria for Prodigy Finance's education loans for studying abroad?
What is the interest rate on education loans for studying abroad?
Prodigy Finance offers education loans with low interest rates. The exact interest rate may vary, and we recommend connecting with our experts for the most up-to-date information.
What is the process for applying for a Prodigy Finance education loan for studying abroad?
You can apply for a Prodigy Finance education loan for studying abroad by connecting with Lorien Finance. Just fill out the form on our website, and our experts will schedule a callback to guide you through the application process, help you upload necessary documents online, and present the application to Prodigy Finance. Once all documents are uploaded and the KYC process is complete, the loan is expected to be sanctioned within a few working days.
Does Prodigy Finance offer special benefits or interest rate reductions for exceptional academic performance?
Prodigy Finance's education loans are known for their low interest rates, providing financial support for students aspiring to study abroad. While Prodigy Finance may not explicitly mention benefits for exceptional academic performance, Lorien, your trusted education loan partner, works diligently to ensure you access the most favourable terms. By leveraging our expertise and relationships with financial institutions, Lorien Finance assists you in securing the best interest rates available. Our commitment is to make your study abroad journey financially viable, offering personalised support to enhance your overall experience.
Is there a co-applicant or guarantor required for the loan?
Prodigy Finance does not require a co-applicant for securing an education loan.
What collateral or security is required for the loan?
Collateral or security is not required for Prodigy Finance's education loan.
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Lorien’s Success Stories
Real Dreams: Real Achievements
I'm Sambhavi, currently working at Deloitte. Lorien Finance helped me secure an education loan for my Master's in Business Analytics at the University...
Sambhavi
I want to express my utmost satisfaction and gratitude to Lorien Finance for their exceptional services....
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Thanks to Lorien Finance, I was able to secure an education loan without any hassle. Their online application process made it convenient for me to app...
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I'm Sambhavi, currently working at Deloitte. Lorien Finance helped me secure an education loan for my Master's in Business Analytics at the University...
Sambhavi
I want to express my utmost satisfaction and gratitude to Lorien Finance for their exceptional services....
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Thanks to Lorien Finance, I was able to secure an education loan without any hassle. Their online application process made it convenient for me to app...
Sharikha
Finding suitable accommodation in a foreign country can be challenging, but Lorien Finance made it a breeze. Their partnership with reliable housing p...
Sriram
It was a good experience with Lorien Finance throughout the process they helped me in every step and made the process hassle-free and helped me to g...
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It was a good experience with Lorien Finance throughout the process they helped me in every step and made the process hassle-free and helped me to g...
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