Prodigy Finance Education Loan
Get Free Education Loan Assistance from GyanDhan
Rate of Interest
Starting at 12%
Processing Fees
5% of Loan Amount
Margin Money
Nil
Prodigy Finance Education Loan Online
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 for which Prodigy can provide loans to students from India. In the table below you can find some of the features in case you choose to take a loan from Prodigy Finance.
|
Feature |
Detail |
|
Loan Amount |
Upto 100,000 USD |
|
Interest Rate |
12% - 14% |
|
Interest Rate Type |
Floating |
|
Minimum Income |
Not Required |
|
Repayment |
Simple Interest only, during the course & during 6 Month grace period, EMI afterward |
|
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 |
Total Interest to be paid
0Total Payment Principal + Interest
0Your EMI per month will be
0Eligibility criteria for Prodigy Finance abroad education loan
Below are some criteria that you need to ensure so that you can be eligible for taking a loan from Prodigy Finance.
- You must prepare to attend school in a country other than your own.
- You must plan to do a Master’s program, as Prodigy does not provide loans for bachelor’s programs.
- You must reside in a country that is supported by Prodigy Finance. 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 as published by Prodigy Finance. Check Here, the list of schools that are approved by Prodigy.
Documents required for education loan from Prodigy Finance
There are not many requirements for taking a loan from Prodigy Finance and thus the list of documents is also not very exhaustive. The basic documents that you will need to apply abroad education loan from Prodigy 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.
- Credit report is also required.
Which Courses are eligible for a Prodigy Finance education loan?
Prodigy offers overseas education loans for the following courses:
- STEM (Science, Technology, Engineering, Mathematics)
- Business
- Public Policy
- Law
- Health Sciences
- Economics
How to apply for an education loan at Prodigy via GyanDhan
If you are looking to secure an abroad education loan from Prodigy Finance, 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. To start your process with us all you need to do is check your loan eligibility and leave the rest to us!
Apply Online
Online document submission
Processing and Approval
Loan Sanction and Disbursal
Benefits
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 found 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 abroad 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.
Assistance from GyanDhan
GyanDhan will assist you in your entire loan process without any additional cost.
Frequently Asked Questions
Does Prodigy Cover Living Expenses?
What is APR?
What is the APR of Prodigy Finance Abroad Education Loan?
Is There a Prepayment Penalty on Prodigy Finance Education Loan?
Is There a Margin Money on Prodigy Education Loans?
What is the Repayment Tenure of Abroad Education Loan from Prodigy?
Our Lending Partners
Prodigy Finance Education Loan Reviews - Student's Speak
Niharika
Michigan State University - Master’s in Business Analytics
I never thought it would be so quick. It would have been nearly impossible for me to do my master's if Prodigy Finance wasn't there.
Akash
Duke University - Master of Engineering Management
It was much more efficient than Indian banks. The thing that stood out most for me about Prodigy Finance was the people. There is someone you can reach out to, and someone will personally get back to you.
Daniela
INSEAD - MBA
It's the opportunity to accomplish a dream and I don't know where I would be now without the Prodigy Finance's International Student loans.
