Ask any student about education loans and you will be met with a yawn. Education loans for overseas studies can be frustrating and mundane. Prodigy Finance has taken it up to themselves to fix this. Getting a Prodigy Finance Education Loan is easy as you don’t require collateral or guarantor to support your application. Prodigy Finance is a UK based financial institution that was established in 2007. They’ve helped thousands of students to achieve their overseas education dreams by proving student loans in an easy manner.
Features Of Prodigy Abroad Education Loan
| Sr. No | Features | Education Loan Details |
|---|---|---|
| 1 | Loan amount | $15,000 to 100% of total cost of attendance |
| 2 | Margin money | 0% |
| 3 | Interest rate | Ranges from 6.7% to 11%. Average is 8.4%. |
| 4 | Processing fee | 2.5% to 4.0% |
| 5 | Processing time | 7 Days |
| 6 | Loan tenure | 7, 10, 15, or 20 years |
| 7 | Prepayment charges | Nil |
| 8 | Repayment holiday | Starts after 6 months of course completion. No repayment during the moratorium period. |
Benefits of Prodigy Abroad Education Loan
1. Up to 100% finance. 2. Flexible repayment options. 3. Collateral-free loans 4. Digitized process with UniCreds 5. Provides education loans in USD or EUR. 6. Express approvals. 7. Customised education loan solutions. 8. Education Loans that cover living expenses, caution deposit/building fund/refundable deposit and travel expenses for students going abroad. 9. Online account management post disbursement of education loan. 10. Up to 100% of fees and living expenses covered
Benefits Of Getting Your Prodigy Abroad Education Loan Through UniCreds
Higher Chance Of Approval
Online Service
No Cost To You
Quicker Sanctions
Collateral Free Loans
Eligibility Criteria For Prodigy Abroad Education Loan
| Sr. No | Type | Requirement |
|---|
Documents Required for Prodigy Abroad Education Loan
| Sr. No | Type | Documents Required |
|---|---|---|
| 1 | Documents Required | Identity proof: passport, driver's license, or government-issued identification document. Address proof: water bill, electricity bill, bank document, rent agreement, etc. Admission proof: Any sort of communication from your university confirming that you've been accepted into your program. Credit Report Proof of Income (if applicable). Proof of Savings (if applicable). Proof of Scholarships or Company Sponsorship (if applicable). |
How To Apply For Prodigy Abroad Education Loan?
Step 1. Get in touch with UniCreds and let our education loan counsellor know your intention to start the process or apply here directly. Step 2. Within 6 business hours, UniCreds will provide you with login details of your Prodigy account and a link to log in to your account. Once logged in, follow on-screen instructions to fill your personal and academic details, upload the documents, and submit the application. Step 3. After you submit your application, it takes just a few minutes to verify your details and documents. If everything is in place, you will receive a conditional loan confirmation letter on your dashboard. You will also get an email of your loan sanction letter which can be used to secure the student visa. Step 4. Once the loan is sanctioned and the online education loan agreement is signed, all your funds are disbursed directly to your university whenever needed.