Students Channel 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, Students Channel has partnered with ProdigyFinance.
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, Students Channel 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.
| Features | Detail |
|---|---|
| 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.
• 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, Your University or College with the desired course of study must be on the approved list of Prodigy Finance education loans.
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.
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
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 Students Channel.
Students Channel 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!
Guaranteed best loan
Students Channel aims to provide its customers with the best education loan product available in the market. However, if you find a better option, Students Channel 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 Students Channel
Students Channel 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: info@prodigyfinance.com
• 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.
• 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 Students Channel, 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 Students Channel 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.
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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