Fund Your UG Studies Abroad With Prodigy Finance
Explore international education loan options for global UG with Prodigy Finance.
Overview of Prodigy Finance Education Loans
Prodigy Finance offers collateral-free education loans to postgraduate students at top global universities. For over 17 years, it has funded 45,000+ students across the world. Avail loans up to $220,000 without any collateral.
What Makes Prodigy Finance Stand Out
No co-signer or collateral required for international students
Competitive interest rates starting from 8.35% variable APR
Loans based on future earning potential, not credit history
Full coverage of tuition and verified living expenses worldwide
Loans available for 19 countries, including the US, UK, Germany, and France
Features of Prodigy Finance Education Loans
Maximum Amount
Up to $220,000 (approx. ₹1.8 Crore)
Processing Fee
Up to $500 (approx. ₹42,000)
Interest Rate
Starts at 8.35%
Pre-visa Disbursement
Available
Eligibility Criteria & Documents Required
You have to meet specific eligibility criteria and provide a set of documents to support your application for an undergraduate education loan from Prodigy Finance.
- Applicants must be Indian citizens and at least 18 years old
- Must have secured admission to a recognized university abroad
- Good academic profile and future earning potential
- Valid passport
- Proof of address (Aadhaar cards, Voter ID cards)
- Admission letter
- Credit report
- Proof of income (if employed)
- Scholarship letter
- Financial aid form
Explore Prodigy Finance Education Loan
Prodigy Finance Education Loan covers international universities and offers collateral-free funding with swift approval.
Undergraduate Prodigy Finance Education Loan
GradRight helped numerous international students discover and apply for unsecured Prodigy Finance loans, which can unlock cost-effective funding for UG degrees.
200,000+
students assisted
₹16,300 crore
loan requests processed
₹2,000 crore
disbursed in loans
Frequently Asked Questions
What is the current interest rate for a Prodigy Finance Education Loan?
Prodigy Finance education loans start from a highly affordable interest rate of 8.35%.
What documents are required to apply for an undergraduate education loan from Prodigy Finance?
To apply for a Prodigy Finance Education Loan, you will need:
- Proof of Identity
- Proof of Admission
- Credit Report
- Proof of Address
- Proof of Income
- Proof of Savings
- Proof of Scholarships/Sponsorship
- Financial Aid Form
How can I compare Prodigy Finance Education Loans with other banks like HDFC Credila?
You have to focus on key aspects like interest rates, repayment terms, collateral requirements, and eligibility criteria. Prodigy Finance stands out for requiring no collateral and offering flexible repayment options. They offer up to $220,000 in education loans at very competitive interest rates. You can repay in 20 years, allowing for low EMI.
How much funding can I receive through Prodigy Finance Education Loans?
The maximum loan amount from Prodigy Finance varies depending on your chosen university and course. In most cases you are eligible to receive the entire Cost of Attendance (CoA). This covers your tuition fees and living costs.
Are there any additional fees I should know about?
No. with Prodigy Finance Education Loans you won’t encounter any hidden fees. There is a 5% administrative fee. This is added to your total loan amount at the time of disbursement and spread across your monthly repayments.
Which universities and programs does Prodigy Finance study loan after 12th support?
Prodigy Finance Education Loans without collateral offers support for over 1200 schools globally. These span various streams such as Business, Engineering, Law, Public Policy, and Medical fields. Prodigy finance is constantly updating the list of supported schools and adding new ones on its website.
How quickly is my loan sanctioned?
You will receive a provisional loan offer in 15 minutes. The final loan sanction occurs once all your submitted documents have been successfully verified and your application is complete.
Can I adjust my loan amount after receiving my provisional offer?
Yes, you can adjust your loan amount after receiving your provisional offer from Prodigy Finance. The offer is non-binding and you are able to request changes.
