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Prodigy Finance Education Loan


Interest Rate

Starting from 11.5%

Processing Fees


Margin Money


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Upload Documents and Fill Out the Form

Submit your documents or complete the necessary forms for bank verification and evaluation.


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Prodigy Finance Education Loan for Abroad Studies


All you need to know about Prodigy education loan for studying abroad

Anam Shams
Anam Shams

Reviewed By:   Aman


GyanDhan understands that the process of education loan for abroad studies can be difficult. Especially to those who don’t have any collateral or co-applicant to support their application. To help such students turn their dreams into reality, GyanDhan has partnered with Prodigy Finance.

Established in 2007, Prodigy Finance is a UK-based financial institution that has revolutionized the education loan process while maintaining the highest quality of service. Prodigy Finance is founded on the philosophy that funding shouldn't be a barrier to education. They have been helping students for the past 16 years, based on their academic profile, get study abroad education loan without any collateral or co-applicant. If you’re thinking of joining this cohort of international students funded by Prodigy Finance, GyanDhan is the apt place to contact.

Overview of Prodigy Finance education loan

There are more than 1051 institutes spread over 19 countries (majorly USA and Canada) that are eligible for Prodigy finance education loan. In the table below you can find some of the features in case you choose to take a loan from Prodigy Finance.

feature details
Loan Amount Up to 100% cost to study
Interest Rate 11.5% - 13.5%
Interest Rate Type Floating
Minimum Income Not Required
Repayment In Prodigy, Nothing is to be paid during the course duration + 6 months. The 1st payment that needs to be done is an EMI Payment after course duration + 6 months.
Processing Fees Upto 5%, added to loan amount
Other Charges No Charges
Margin Money 0
Loan Tenure Upto 15 years
Processing Time Upto 7 days
Prepayment Penalty No Penalty

Eligibility criteria for Prodigy Finance education loan

Below are some criteria that you need to ensure so that you can be eligible for Prodigy Finance education loan.

  • You must prepare to attend school in a country other than your own.
  • You must plan to do a Master’s program, as Prodigy Finance does not provide loans for bachelor’s programs.
  • You must reside in a country that is supported under Prodigy Finance education loan. To find the countries that are not supported by Prodigy Finance, Click Here!
  • Your University or College with the desired course of study must be on the approved list of Prodigy Finance education loans. Check Here, the list of schools that are approved by Prodigy.

Documents required for Prodigy Finance education loan

There are not many requirements for taking a Prodigy Finance education loan and thus the list of documents is also not very exhaustive. The basic documents that you will need to apply for abroad education loan from Prodigy Finance are -

  • Proof of Identity: This is a copy of your valid passport in a readable format.
  • Proof of Address: This document should display your name and residential address, matching what you stated in your application.
  • Your school admission letter so that Prodigy can verify the university and the course.
  • A credit report is also required.

Which Courses are eligible for a Prodigy Finance education loan?

Following are the courses that are eligible for the Prodigy Finance education loan -

  • STEM (Science, Technology, Engineering, Mathematics)
  • Business
  • Public Policy
  • Law
  • Health Sciences
  • Economics

How to apply for Prodigy Finance education loan via GyanDhan?

If you are looking to secure the Prodigy Finance education loan, you can apply online at their website. However, for a hassle-free application process, you can choose to apply for your education loan through GyanDhan.

GyanDhan is an online platform designed to assist Indian students in financing their education abroad with many lenders one of which is Prodigy Finance. To start your process with us all you need to do is check your loan eligibility and leave the rest to us!

Benefits of getting your Prodigy Finance education loan through GyanDhan

Guaranteed best loan

GyanDhan aims to provide its customers with the best education loan product available in the market. However, if you find a better option, GyanDhan will pay the difference in interest rates throughout the duration of your education loan

Completely online process

Entire process of Prodigy Finance education loan is online so the borrower doesn't have to visit the company even once.

Low turnaround time

Your loan will be sanctioned within 7 days after all the documents have been submitted for Prodigy Finance education loan

Assistance from GyanDhan

GyanDhan will assist you in your entire loan process of Prodigy Finance education loan without any additional cost.
Please note that Prodigy Finance will charge a prepaid fee of 50 USD once the loan has been approved. Only after the student pays this fee, a sanction letter will be issued. If an applicant decides to withdraw and submit a new application for a different school, they will need to pay the prepaid fees again for the new application. The fee already paid for the previous application will be directly refunded to the student.

How to contact Prodigy Finance?

There are several ways in which you can contact Prodigy Finance, some of them are -

Emailing Prodigy Finance

  • Email ID: [email protected]
  • If you have any query or need any kind of assistance from Prodigy Finance, you can always reach out to them via the email address mentioned above.

Filling out the online contact form

  • Link: Contact - Prodigy Finance
  • This is an online contact form that you can find on their official website that can be filled with some basic details. Once you fill in all these details they are passed on to the customer service team of Prodigy Finance which will contact you.

Office visit

  • Address: 16-18 Beak St, Carnaby, United Kingdom (Headquarters)
  • They do not have a dedicated office here in India although they may outsource business to a third party.

You do not need to directly reach out to Prodigy Finance when applying for a loan. The entire loan application process is conducted online, making it convenient and flexible for you. Additionally, if you opt to work with GyanDhan, their Loan Counsellor will serve as your guide and handle all communication with Prodigy Finance on your behalf. This means that securing an education loan for studying abroad becomes hassle-free, as GyanDhan takes care of the entire process on your behalf. This streamlined approach guarantees easy access to the necessary funds, providing you with convenience and peace of mind.

GyanDhan's Impact Stories


Empowering students to overcome education loan obstacles

Orphanage to Opportunity: Overcoming Financial Barriers with Prodigy Finance

In the face of adversity, a determined student, who unfortunately lacked parental support and resided in an orphanage, encountered a significant obstacle in his pursuit of education. The traditional Indian lender, citing the absence of a legal guardian, declined to extend an education loan to this resilient individual. Undeterred by this setback, our collective efforts were dedicated to assisting the student in securing the necessary financial support for his academic journey. Despite the challenges posed by his personal circumstances, the student's outstanding academic achievements and a coveted admission offer from Boston University underscored his unwavering commitment to education. Recognizing the potential and merit of this exceptional candidate, we facilitated the acquisition of an education loan through Prodigy Finance, thereby opening the doors to a brighter future and empowering the student to pursue his educational aspirations at Boston University.

No-Cosigner, No-Collateral Challenge with Prodigy Finance

A determined student faced a significant hurdle in pursuing his dream of higher education – the absence of a cosigner and collateral. Traditional lenders turned down the loan application due to these constraints, jeopardizing the student's academic aspirations. In this challenging scenario, Prodigy Finance emerged as a beacon of hope. Leveraging its innovative approach to student financing, Prodigy Finance provided a tailored solution that didn't require a cosigner or collateral. This success story exemplifies Prodigy Finance's commitment to breaking down financial barriers and making quality education accessible to deserving students worldwide, irrespective of traditional lending constraints.

Prodigy Finance's No-Collateral Solution

Facing the financial challenge of pursuing a master's degree in a prestigious international university, a determined student encountered a roadblock – the absence of collateral for a traditional education loan. With Prodigy Finance's revolutionary no-collateral solution, the student found the key to unlock educational frontiers. Prodigy Finance's innovative approach, which assesses a student's potential based on their academic background and future earning capacity, made education financing accessible without the need for collateral or a cosigner.


Frequently Asked Questions

Does Prodigy cover living expenses?

Yes, Prodigy Finance covers both tuition fees and living expenses.

What is APR?

APR or Annual Percentage Rate is expressed as a percentage that represents the actual yearly cost of funds over the term of a loan. This encompasses any fees or additional costs associated with the loan.

What is the APR of Prodigy Finance abroad education loan?

The average APR rate for Prodigy Finance abroad education loan is 14.96%.

Is There a prepayment penalty on Prodigy Finance education loan?

No, there is no prepayment penalty levied on Prodigy Finance education loan.

Is there any margin money involved with a loan from Prodigy Finance?

No, there is no margin money when you take loan from Prodigy Finance.

What is the Repayment Tenure of Abroad Education Loan from Prodigy?

Repayment tenure of abroad education loan from Prodigy is up to 15 years.

What is Prodigy Finance education loan interest rate?

The interest rate that is offered by Prodigy Finance can range between 11.5% - 13.5%

What is the address of the Prodigy Finance Inda office?

No matter if you are in Hyderabad or Vijayawada, you can contact Prodigy Finance via [email protected]. Even better if you let GyanDhan take the work from you and help you out in the entire process.

Is Prodigy Finance good?

Yes, Prodigy Finance is a very reliable international lender that can provide you with education loans to different countries. All you need to do is to make sure that your targeted college and course is on the list of Prodigy Finance.


Our Customers. Our Asset


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Ashutosh Sharma

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Deepa Krishnakumar

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Deepa was in the academic world working as an assistant professor when het peer group and seniors suggested her about the quality education and career opportunities of abroad education. In her story to the University of Auckland, New Ze...

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