Finance Your Education with Prodigy Finance

Get affordable financing from Prodigy Finance Education Loan to achieve your academic dreams without worry.

Overview of Prodigy Finance Education Loans

Prodigy Finance offers the best education loans for students pursuing higher education abroad. Prodigy Finance has funded over 45,000 international students over the past 17+ years.

Advantages of Prodigy Finance Education Loans

Loans are available with and without collateral.

Floating interest rates starting from 8.35%.

Loans available for every study destination.

Collateral-free loans up to $220,000.

Loans available for students from 120+ countries.

Prodigy Finance Education Loan Features

Flexible & Accessible Loans

• Co-signer student loans start from 8.35% variable interest rate
• Loans available for students from 120+ countries

Loan Structure

• Collateral-free loans up to $220,000
• Full financing covering up to 100% of total education costs
• No hidden fees and transparent terms

Fast & Simple Application

• Quick online application process
• Receive a personalized offer in just 15 minutes
• Loan amounts tailored to candidate's profile

Global Coverage

Prodigy Finance supports master’s programs in:

• United States
• United Kingdom
• Australia
• Canada

Why Choose Prodigy Finance?

• 17+ years of expertise in loan financing
• No collateral required
• Covers tuition, living expenses, and more
• The hassle-free process with instant offers

Eligibility Criteria & Documents Required

Eligibility Criteria for Prodigy Finance Education Loan:
You must be an Indian citizens.
You must be at least 18 years old.
Loans are available for postgraduate studies at recognized institution abroad.
Loans may require collateral, depending on the applicant's profile.
A co-applicant (parent/guardian/spouse) with a stable income is mandatory.

Documents Required for Prodigy Finance Education Loan

Personal Documents
- Proof of residential address – passport or government-issued ID

Academic Documents
- Admission letter from the university
- Name of the university and course details
- Expected graduation year

Financial Documents
- Budget and cost breakdown
- Last three payslips (if employed)
- Credit report of applicant and co-applicant
- Bank statements

Prodigy Finance Education Loan vs Other Banks

Feature

Interest Rates

Loan Amount

Processing Fees

Collateral Requirement

Pre-Visa Loan Approval

Repayment Flexibility

Loan Coverage

Loan Disbursement Speed

Prepayment Charges

Prodigy Finance

Cosigner: 8.47% onwards
Non Cosigner: 10.5% onwards

Upto $2,20,000

Flat $500 & 4% admin fees

None

Yes

Cosigner: $100 Interest per month
Up to 20 years

100% financing for tuition fee & living expenses

Automated process

Nil

Other Banks & NBFCs

10-13%

Up to 1.5 crore

1-2% of the loan amount

Non-collateral loans are available from many banks and NBFCs

Pre-visa loans are available

Up to 15 years

Up to 100% of the cost of education and cost of stay for the duration of the educational program

2-3 weeks

In some banks, prepayment is not allowed for up to 12 months.

How to Apply for a Prodigy Finance Education Loan?

Create Your Profile

Explore Loan Options

Browse loan offers from 15+ lenders, including Prodigy Finance Education Loan.

Get Expert Assistance

Our financial experts will guide you through the terms and conditions.

Submit Your Documents

Upload your documents for verification and processing of loan application

Receive Loan Approval

Get approval within 48-72 working hours and start your education journey abroad.

What Our Customers Say

GradRight believes funding your education shouldn’t be complicated. With our assistance, thousands of successful students have traveled abroad for higher education. Here is what they have to say.

200,000+

students assisted

₹16,300 crore

loan requests processed

₹2,000 crore

disbursed in loans

Secure up to 100% funding with quick approvals and flexible repayment options.

Frequently Asked Questions

Can I choose my repayment tenure with a Prodigy Education Loan?

Prodigy Education Loan allows you to stretch out repayment for 20 years. You can pay in small EMIs if you want. You also get a 6-month moratorium period for job search and beginning payment of installments.

Can I get an education loan from Prodigy Finance without any collateral?

Of course, you can receive a loan without collateral. However, Prodigy Finance will check your eligibility and the co-applicant’s profile and only then be able to approve of the loan.

Are there any penalties for early repayment with Prodigy Finance loans?

Early repayment is a loss for the lender, in this case Prodigy Finance. There is a small prepayment fee in such a case that has to be paid by the applicant.

What is the rate of interest charged by Prodigy Finance?

Prodigy Finance offers education loans at different rates of interest. The final interest rate depends on your application profile.

For loans with a co-signer the interest rates start from as low as 8.35%. For loans without any co-signer the interest rate begins from 9.35%. Overall, Prodigy Finance education loans are highly affordable and have attractive terms and conditions.

How are loan funds disbursed by Prodigy Finance?

The application is entirely online. After submitting your application, you’ll receive a provisional offer within a day. After approval within three working days, the funds will be remitted directly to the university.

What eligibility criteria apply for a Prodigy Finance education loan?

To qualify for a Prodigy Finance education loan, you need admission to a top-ranked program, a strong academic record, and an acceptable credit profile. Since it’s a Prodigy Finance student loan, there’s no collateral requirement, but they assess your future earning potential closely.

How do you apply for a Prodigy overseas education loan?

Visit Prodigy’s website and select the Prodigy overseas education loan option. Fill out your personal and program details, upload your admission letter and academic transcripts, and submit ID proofs. You’ll get a provisional offer quickly, then final approval and disbursal directly to your university.

What’s the maximum amount you can borrow with a Prodigy student loan?

A Prodigy student loan can cover up to 100% of tuition and living expenses, with typical caps depending on your program and country. Unlike traditional bank loans, a Prodigy education loan has no fixed upper limit—funding is tailored to your total cost of study.