Being a UK-based lending institution, Prodigy Finance offers education loans to international students enrolled in a wide range of programs across different universities. Their support extends to 1,773 schools, and 482 universities globally across 19 countries. They have a Prodigy Finance education loan college list abroad. However, Prodigy Finance does not offer loans to students located in certain countries, some US states, and some Canadian provinces/territories due to regulatory restrictions. They do support a wide range of postgraduate programs across domains like Business, Engineering, Law, Public Policy, and Medical fields and are expanding all the time. Prodigy Finance has provided over USD 1.75 billion in loans, helping more than 38,000 students to fulfil their dream of studying abroad since 2007. This blog will guide you about the top universities approved by Prodigy Finance, their eligibility criteria, whether you can secure an education loan without collateral and co-applicant or not, how you can apply, and more.
Key Features of Prodigy Finance Education Loan Abroad
| Feature | Detail |
|---|---|
| Loan Amount | Up to 100% cost to study |
| Interest Rate | Starting at 8.33% (Charges in USD) |
| Interest Rate Type | Floating |
| Minimum Income | Not Required |
| Repayment | Simple Interest only, during the course & during the 6-month grace period, EMI afterward |
| Prodigy Finance Processing Fees | Up to 5%, added to loan amount |
| Other Charges | No Charges |
| Margin Money | 0 to 15% |
| Loan Tenure | Up to 15 years |
| Processing Time | Up to 7 days |
| Prepayment Penalty | No Penalty |
Eligibility Criteria for Prodigy Finance Education Loan for Abroad
To take advantage of Prodigy Finance education loan, you should meet the eligibility criteria set by them. Below are the criteria that you should meet to become eligible for an education loan abroad.
However, if you desire to take admission to a school or course that is not currently supported by Prodigy Finance, then you must consider submitting a request form. A request form must contain the details about the program and institution.
Understanding the Approved Colleges for Prodigy Finance Education Loan
Prodigy Finance encourages students to apply for education loans who are enrolled in postgraduate programs in the Business, Engineering, Law, Public Policy, and Medical fields. They have a list of approved foreign universities for education loan Prodigy Finance, covering over 1750 universities across 19 countries. Prodigy Finance provides education loans to international students studying in top universities. Student who apply for an education loan with co-applicant can secure an education loan starting at an interest rate of 8.33%. However, you can also apply for a loan without co-application at the cost of higher interest rates, starting at 10.50%.
List of Approved Foreign Universities for Education Loan by Prodigy Finance
Below is the Prodigy Finance education loan college list abroad to help you navigate through the top picks of Prodigy Finance.
| List of Universities | |
| University of South Alabama | University of Northern Colorado |
| University of North Florida | University of North Carolina - Greensboro |
| University of Chicago | Texas State University |
| SUNY Upstate Medical University | Morehouse College |
| Hampton University | Rollins College |
| University of North Carolina Wilmington | Belmont University |
| Lipscomb University | John Carroll University |
| Morgan State University | Alfred University |
| Northern Arizona University | Indiana State University |
| University of North Texas | DePaul University |
| University of Mississippi | University of Arkansas |
| University of Lincoln | University of York |
| University of Sussex | University of Southampton |
| University of Oxford | University of Leeds |
| University of Kent | University of Glasgow |
| University of Bristol | University of Birmingham |
| Ucl (University College London) | Newcastle University |
| Kingston University, London | Imperial College London |
| Coventry University | University of Edinburgh |
| London School of Economics And Political Science (LSE) | Paris School of Business |
| Rennes School of Business | EDHEC Business school |
| IESEG School of Management | HEC Paris |
| Frankfurt School | Constructor University |
| University of Ontario | University of Waterloo |
| University of Windsor | University of Toronto |
How to check Prodigy Finance approved colleges?
To determine whether your chosen university comes under the Prodigy Finance education loan list of universities abroad, you can use the steps below.
Application Process for Prodigy Finance Education Loan Abroad
Follow the below-mentioned steps to proceed with the application process for the Prodigy Finance education loan abroad.
Prodigy Finance offers an accessible solution for international students looking for an education loan without the need for a co-applicant or collateral. With their interest rates starting at just 8.33%, it is a popular choice for students aiming to pursue higher studies at universities abroad. The application process is entirely online for Prodigy Finance and funds are directly disbursed to the university. However, the process of application might trouble you. To save you from such a situation, Students Channel is here. We help you compare and secure the best education loan which is tailored to your financial needs. Get a free personalized loan assessment and maximize your chances of securing an education loan by applying through Students Channel. Check your loan eligibility today to get started with your dream.
Frequently Asked Questions
Who can apply for a Prodigy Finance education loan?
International students who are enrolled in Prodigy Finance education loan for abroad university list and program can apply for an education loan.
Do I need a co-applicant or collateral for a Prodigy Finance loan?
You can apply for an education loan without a financial co-applicant. However, the cost of applying under this category is higher interest rates.
Which universities are approved for a Prodigy Finance loan?
Prodigy Finance supports over 1,750 schools that too across 19 countries.
Can I make early repayments?
Yes, you can repay your loan early as Prodigy Finance does not charge you with any penalties on early repayments.
Does Prodigy Finance offer loans for undergraduate programs?
Prodigy Finance does not support undergraduate courses for education loans. They fund postgraduate programs only.
What documents are required for a Prodigy Finance loan?
The documents required to apply for a Prodigy Finance education loan are proof of identity, proof of address, an admission letter, and a credit report.
Are there any processing fees for Prodigy Finance loans?
Prodigy Finance charges an administrative fee of up to 5% of the total loan amount.
Is the interest rate for a Prodigy Finance loan fixed or variable?
Prodigy Finance offers floating interest rates based on international benchmark rates.
We want to create a platform where every student can find information about Abroad Education easily and thereby steer clear of any career fraud or fake promises by temporary education agencies that look to make profit in short time.
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