Prodigy - Education Loan
INTERNATIONAL LENDERS
Collateral free loans available
Loan Margin : NIL
7 days avg loan processing time
Margin
NIL
Collateral
Collateral free loans available
Loan Tenure
Upto 15 Years
Processing fee
5.0% onwards
Early Repayment
Yes(without any charges)
Living Cost
Yes
Secured Loan
Amount
Up To 1,000,000
Un-Secured Loan
Amount
Up To 10,000
UniCreds Guarantee
100% transparent process
Fast loan processing
Free of cost service
No hidden fees
Features of Prodigy Education Loan
Prodigy Finance removes the financial hurdles often faced by students. They understand the challenges and offer a range of features designed to make financing your studies abroad a breeze. You’ll know everything here from Prodigy finance interest rate to the processing fee involved.
| Features | Education Loan Details |
|---|---|
| Loan amount | Upto 10Cr (Collateral) Upto $10,000 (Without Collateral) |
| Margin money | Nil |
| Processing fee | 5.0% onwards |
| Processing time | 7 Days (Up to) |
| Loan tenure | 15 Years (Up to) |
| Prepayment charges | Nil |
| Repayment holiday | Repayment starts after 6 months of course completion. No repayment during the moratorium period. |
| Countries covered | Prodigy Finance eligible countries include the UK, Australia, France, Germany and more. |
Looking for
Faster and
streamlined Process?
100% Transparency
100% Free
Our education loan counsellors will stay by your side every step of the way and recommend the best partner and guide you through the loan applying and sanctioning process.
Eligibility Criteria to Apply for Prodigy Student Loan
Prodigy student loan offers a streamlined application process, but there are still specific requirements you need to meet to be eligible. Here's a breakdown of the key factors:
| Type | Requirement |
|---|---|
| Program and Institution | It is a must that your preferred master's program be part of Prodigy Finance colleges. UniCreds will assist you in determining if you pre-qualify for the program. |
| Residency | You must be a citizen of a country with Prodigy Finance nationality and cannot reside in the country you'll be studying in (some exceptions are allowed). UniCreds can furnish information on the candidates that are eligible for study as well as residency requirements. |
| Academic Record | A good academic background is a good indication of how serious you are about your studies and your later career. |
| Future Earning Potential | In light of your potential career trajectory and likely income, Prodigy Finance will guarantee loan repayment that is not financially burdensome. They do it utilising the data-driven method for the evaluation. |
| Financial History | By making regular payments and maintaining a good credit history, you show your financial discipline, which can improve the overall impression of your application. |
Benefits of Prodigy Education Loan For Abroad Studies
Funding your overseas education shouldn't be a barrier for your academic career.
Benefits Of Getting Your Education Loan Through UniCreds
Get Guidance at every step of your loan application
We ensure 100% transparency throughout the education loan process.Our education loan counsellors will stay by your side every step of the way.
Need Guidance Faster? Call us at:
18001217661
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Need Guidance Faster? Call us at:
18001217661
How to Apply?How to Apply for Prodigy Abroad Education Loan?
Excited to take the first step towards your international education dreams? UniCreds makes applying for a Prodigy Finance loan a breeze, all within our user-friendly platform:
Step 1: Check Your Eligibility (Right Here!)
Use our handy eligibility tool to see if your desired program and university meet Prodigy Finance's criteria. No need to leave our website or navigate multiple sites! This quick check won't impact your credit score.
Unsure about a program or university? Our dedicated support team is just a chat away! They can help you explore options and ensure a good fit for both your academic goals and Prodigy Finance's eligibility requirements.
Step 2: Walking with UniCreds' Experts
Prodigy Finance has a wide range of loan products to cater to your needs. Check with them directly on our website or just reach out to a UniCreds advisor for customized support, whenever needed. Please let us know if you have questions about different loan structures, interest rates, and repayment terms so that we can suggest an option that can match your finances.
Step 3: Assessment and Pre-Qualification Simplified
Apply via Prodigy Finance's easy pre-qualification form to complete the application process via our interface. This will give you a general view (if you are eligible or not), and it will not touch your credit score.
Step 4: Get Your Documents Ready
Once you are pre-qualified, you will need to submit some supporting documents, including academic records, enrollment certificates, and financial statements. UniCreds offers assistance on this process, aiming to have everything in order before any delay in your application submission.
Step 5: Loan Approval and Disbursement
Prodigy Finance will review the application and communicate to you the results of the application. Having been approved, funds will be remitted to your university, and this will pave the way for a successful beginning of your academic year.
Looking forFaster and
streamlined Process?
100% Transparency
100% Free
Our education loan counsellors will stay by your side every step of the way and recommend the best partner and guide you through the loan applying and sanctioning process.
Documents Required for Prodigy Education Loan
Having your documents prepared beforehand can significantly expedite the process. Here's what you'll typically need:
| Type | Documents Required |
|---|---|
| Personal Documents | - Proof of Identity (Aadhaar Card, PAN Card, Voter ID, etc.) - Proof of Address (utility bills, rental agreement, etc.) |
| Academic Documents | - Acceptance letter from your chosen university abroad - Most recent academic transcripts (including mark sheets and degrees) - Standardised test scores (if required by the university, like GRE, GMAT, TOEFL, IELTS) |
| Financial Documents | - Income Tax Returns (ITR) of the applicant along with that of the co-applicant (if applicable), if any, for the last 3 years. - Revenue slips of the applicant and his/her co-applicant (if any) for the previous six months. - Bank statements of the applicant and (if applicable) the co-applicant for the last 6 months. - Expected cost of attendance statement sheet from your university (including tuition fees, accommodation, etc.) |
Prodigy Finance Education Loan Repayment Options
You'll benefit from a grace period before loan repayments typically begin with Prodigy Finance, allowing you time to settle into your career. Flexible repayment options are also available to fit your financial situation.
UniCreds remains your partner beyond the application. We can help you understand repayment plans, develop a budget, and explore additional resources to navigate this stage successfully.
The displayed EMI amount is approximate & is subject to change based on various factors.
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