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All you need to know about Prodigy education loan for studying abroad
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.
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 |
Below are some criteria that you need to ensure so that you can be eligible 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 -
Following are the courses that are eligible for the Prodigy Finance education loan -
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!
There are several ways in which you can contact Prodigy Finance, some of them are -
(Principal + Interest)
Empowering students to overcome education loan obstacles
Multiple lenders to choose from