Get your Prodigy Finance education loan without offering any collateral or co-signer. A Prodigy Finance education loan allows you to study at 800+ universities around the world.
Loan Margin: NIL
Processing Fees: 5.0% onwards

UniCreds recognises that obtaining an education loan for international study can be a time-consuming and unpleasant process. Those who do not have any collateral or guarantor to back up their application are especially vulnerable. UniCreds has teamed with Prodigy Finance Education Loan to assist such students in making their goals a reality. Established in 2007, Prodigy Finance is based in the United Kingdom. A financial organisation that has altered the education loan method while preserving the best level of service. They help the students, on the basis of their academic background, receive study abroad education loans without any collateral or co-applicant. UniCreds is the best place to contact if you're interested in joining this Prodigy Finance-funded cohort of overseas students.

Features Of Prodigy Abroad Education Loan

Sr. NoFeaturesEducation Loan Details
1Loan amount$15,000 to 100% of total cost of attendance
2Margin moneyNil
3Processing fee5.0% onwards
4Processing time30 Working Days
5Loan tenure20 Years (7, 10, 15 or 20 years)
6Prepayment chargesNil
7Repayment holidayStarts after 6 months of course completion. No repayment during the moratorium period.
8Countries coveredUSA, UK, Canada, France, Germany and Australia

Benefits of Prodigy Abroad Education Loan

Fully Online Process
The entire Prodigy Finance Education Loan process is conducted online, so students do not need to visit the organisation even once. UniCreds will guide you through the entire procedure.
No Need Of A Co-Applicant
Prodigy approves huge loans without requiring collateral or a co-signer. The student's academic profile and the college to which he has been accepted determine the loan's terms.
Free Loan Assistance
UniCreds will walk you through the whole education loan application, approval, and distribution process. Therefore, you may leave all your education financing related issues to us. Our education loan counsellor (ELC) will explain the complete process in detail and will aid you in equipping all the prerequisites.
Money With No Margin
Education loans from Prodigy Finance can cover up to 100% of costs. As a result, you will not be responsible for any portion of the overall cost of your international education. Prodigy loans cover all expenses, including tuition and living expenses, as well as a caution deposit/building fund/refundable deposit.
A Quick Loan Process
Prodigy Education loan processing time is substantially faster in comparison to other financial organisations. Within 5 days of submitting all paperwork via UniCreds, conditional loan approval can be received.
Period Of Repayment
The repayment period for the Prodigy student loan is up to 20 years, with repayment beginning six months after college course have ended.

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.
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.

Calculate EMI for Education Loan

Loan Amount

Interest (p.a)

Loan Duration

Course Duration

Grace Period

Monthly EMI
Principal Amount
Total Interest
Total Amount
Loan Amortization Schedule

Following table show the year wise payment schedule.

MonthOpening Balance (₹)Interest Paid (₹)Principal Repaid (₹)Closing Balance (₹)
Month
1
Opening Balance (₹)
Interest Paid (₹)
Principal Repaid (₹)
Closing Balance (₹)
Month
2
Opening Balance (₹)
Interest Paid (₹)
Principal Repaid (₹)
Closing Balance (₹)
Month
3
Opening Balance (₹)
Interest Paid (₹)
Principal Repaid (₹)
Closing Balance (₹)
Month
4
Opening Balance (₹)
Interest Paid (₹)
Principal Repaid (₹)
Closing Balance (₹)
Month
5
Opening Balance (₹)
Interest Paid (₹)
Principal Repaid (₹)
Closing Balance (₹)

Eligibility Criteria For Prodigy Abroad Education Loan

Sr. NoTypeRequirement
1Eligibility1. You must choose a school and a course that it supports. Prodigy Finance currently sponsors over 900 schools throughout the world, but its services are confined to business, public policy, law, medicine, science, technology, engineering, and mathematics (STEM). 2. You must prepare to study in a foreign country. You must prepare to attend school in a country other than your own. If you have lived in the nation you want to study in for less than a year before applying, you will not be eligible. 3. You're from one of Prodigy Finance's 150 funded nations. The company is unable to lend in a number of countries, regions, and states in the United States and Canada.

Documents Required for Prodigy Abroad Education Loan

Sr. NoTypeDocuments Required
1Documents Required1. Identification documents such as a passport, driver's licence, or another government-issued identification document. 2. Address evidence, such as a water bill, an energy bill, bank paperwork, or a lease agreement. 3. Proof of acceptance: Any communication from your university confirming your acceptance into your programme. 4. Credit Report 5. Income Verification (if applicable). 6. Evidence of Savings (if applicable). 7. Proof of Scholarships or Sponsorship from a Company (if applicable).

Loan Repayment For Prodigy

After completing the course for 6 months, the repayment programme will begin. There will be no repayment during the moratorium period. The repayment period is either 7, 10, 15, or 20 years. There is no prepayment penalty when imposed on Prodigy Finance Education loan.

How To Apply For Prodigy Abroad Education Loan?

Step 1: Contact UniCreds and inform our education loan adviser of your intent to begin the procedure, or apply straight online. Step 2: UniCreds will provide you your Prodigy account login information and a link to log in to your account within 6 business hours. Follow the on-screen directions to fill out your personal and academic information, upload your documents, and submit your application once you've logged in. Step 3: It only takes a few minutes to validate your information and papers after you've submitted your application. A conditional loan confirmation message will appear on your dashboard if everything is in order. You'll also receive an email with your loan approval letter, which you can use to apply for a student visa. Step 4: Once the loan has been approved and the online education loan agreement has been signed, all of your cash will be sent to your university as needed.

Frequently Asked Questions

Is Prodigy going to cover my living expenses?
Yes, both tuition and living expenses are covered by Prodigy Finance.

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