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Prodigy Finance

International NBFC

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7 days Loan Processing Time

Margin

Margin

NA

Processing Fees

Processing Fees

3 - 5%

Collateral

Collateral

NA

Non Collateral

Non Collateral

Upto ₹1 crore

Repayment Tenure

Repayment Tenure

Upto 10 Years

Cosigner Needed

Cosigner Needed

No

Collateral Loans

NA

Non Collateral Loans

Up to ₹1 crore

Features of Prodigy Finance
Education Loan Abroad

We understand that getting an education loan for studying abroad can be a hassle, especially for those without collateral or a guarantor. To make this process easier for you, Lorien has partnered with Prodigy Finance Education Loan, a UK-based financial organization, established in 2007.

They make it possible for students to secure study abroad education loans without the need for collateral or a co-applicant, based on their academic background.

Loan Margin: NA

Processing Fees: 3 - 5%

FeaturesEducation Loan Details
Loan amount

(Collateral NA)

Upto ₹1 crore (Non Collateral)

Margin money

NA

Interest rate

12.99%

Processing fee

3 - 5%

Processing time

Upto 7 Working Days

Loan tenure

Upto 10 Years

Prepayment charges

No Charges*

Countries covered

Prodigy offers abroad education loans to study in over USA, Canada, the UK

Moratorium

Course Duration + 6 months

Benefits of Avanse Education Loan

  1. 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.

  2. No Margin

    Prodigy Finance offers education loans that cover up to 100% costs. This 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.

  3. Hassle Free Fast Process

    Getting a Prodigy Finance Education loan is much quicker when compared other financial institutions. If you submit all the required paperwork through Lorien, you can expect conditional loan approval within just 5 days.

  4. Repayment Period

    You can repay the Prodigy student loan for up to 20 years. The repayment starts six months after you finish your college course.

How To Apply For Prodigy

Education Loan For Abroad Studies?

  1. 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.

  2. From helping you upload documents online to presenting it to the banks, Lorien will help you throughout the application process.

  3. Once all your documents are uploaded & KYC is done, you can expect your loan to get sanctioned within a few working days.

Why Choose Lorien To Get Education Loan From Prodigy?

  1. Higher Chances of Approval: Generally, banks dismiss education loan applications if they find any missing documents, property issues, or other issues. But with Lorien, you have access to experts who can reach out to the bank and help you resolve your queries on time.

  2. Ease of Use: Students can easily contact us by filling out a form on the website and our most trusted experts will reach out to them to help them with any query. The process is simple and efficient to make your study abroad dreams a reality.

  3. 100% Free Assistance: Our services are free of cost and we do not charge our students for helping them apply for their education loans.

  4. Quicker Loans: Our experts make sure that your education loan is sanctioned as early as possible. We also keep track of the application and make sure that all the requirements from your end are fulfilled.

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

  1. Eligibility Criteria for Student

    1. You have not lived in the chosen nation for less than a year before applying
    2. Your country belongs to one of Prodigy Finance's 150 funded nations
  2. Documents Required

  3. For Applicant:

    1. Identity proof (PAN Card, driving license, passport, aadhar card, voter card)
    2. Proof of address (Electricity bill, Telephone bill, or Ration card)
    3. Admission Letter or Admit Card or any communication from your university confirming your acceptance into the program
    4. Credit Report
    5. Income Verification (if applicable)
    6. Savings Proof (if applicable)
    7. Scholarships or Sponsorship Proof from a Company (if applicable)

FAQs

Bringing answers to your questions

  • What are the eligibility criteria for Prodigy Finance's education loans for studying abroad?

    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.

  • What is the interest rate on education loans for studying abroad, and how is it calculated?

    Prodigy Finance offers education loans with very low-interest rates. The exact interest rate may vary, and it is advisable to contact them directly or visit their official website 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 getting in touch with Lorien. Fill out the form on our website, and our experts will schedule a callback with you. They will 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 KYC is done, the loan is expected to be sanctioned within a few working days.

  • Does Prodigy Finance offer any 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 special benefits for exceptional academic performance, Lorien, as your trusted education loan partner, works diligently to ensure you access the most favorable terms. By leveraging our expertise and relationships with financial institutions, Lorien assists you in securing the best interest rates available. Our commitment is to make your study abroad journey financially viable, offering personalized support to enhance your overall experience.

  • Is there a co-applicant or guarantor required for the loan?

    No, a co-applicant is not required for Prodigy Finance's 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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Finding suitable accommodation in a foreign country can be challenging, but Lorien Finance made it a breeze. Their partnership with reliable housing p...

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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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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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