Get your Prodigy Finance education loan without offering any collateral or co-signer. A Prodigy Finance education loan allows you to study at 750+ universities around the world. The folks at Prodigy Finance understand that students find education loans confusing so they’ve gone out of their way to make sure student loans are simple and interesting.
Loan Margin: NIL
Processing Fees: 2.5% to 4.0% of Loan Amount

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. NoFeaturesEducation Loan Details
1Loan amount$15,000 to 100% of total cost of attendance
2Margin money0%
3Interest rateRanges from 6.7% to 11%. Average is 8.4%.
4Processing fee2.5% to 4.0%
5Processing time7 Days
6Loan tenure7, 10, 15, or 20 years
7Prepayment chargesNil
8Repayment holidayStarts 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
By applying for your education loan through UniCreds, you are increasing your chances of approval. Generally, banks dismiss applications if they find any missing documents, property issues, or any other problem. With UniCreds, we will immediately reach out to Prodigy Finance officials and find the best solution.
Online Service
With UniCreds, there’s no need to visit the branch to submit your documents. Simply visit the UniCreds website and upload your documents from the comfort of your home. You can also enjoy step-wise updates via notifications.
No Cost To You
All our education loan services are completely free of cost.
Quicker Sanctions
Our strategic partnerships ensure low turnaround time. Expect to have your education loan processed and sanctioned within 5 days.
Collateral Free Loans
Through UniCreds, you can avail education loans without offering any collateral. Loan sanctions depend entirely on the student's academic profile and the university he/she has got admission in.

Eligibility Criteria For Prodigy Abroad Education Loan

Sr. NoTypeRequirement

Documents Required for Prodigy Abroad Education Loan

Sr. NoTypeDocuments Required
1Documents RequiredIdentity 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.

Frequently Asked Questions

Is there a prepayment penalty on Prodigy Finance Education Loans?
No, there is no prepayment penalty levied on Prodigy Finance education loan.