A fintech leader offering profile-based, collateral-free loans in foreign currency, Prodigy is popular among postgraduate students for its flexible repayment and wide network of partner universities.
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Basic bank details
Maximum Loan Amount
Up to $222,000
Interest Rate Range
~9.16%-9.30%
Margin Money
0%
Processing Fees
4% + $500
Moratorium Period
Study period + 6-12 M
Repayment Tenure
Up to 15-20 Years
Loan Type
Unsecured
Processing Time
Up to 7 days
Loan Repayment Method
Simple Interest, EMI
Eligibility Criteria
Resident of supported country (includes India).
Minimum 18 years old.
Confirmed admission to Prodigy-supported university (check list on site; mostly top masters programs in business, engineering, law, policy).
No cosigner or collateral needed (assessed on future earning potential).
Document Requirement
Passport/ID copy.
Proof of address (utility bill/rental contract).
Admission confirmation letter.
Credit report screenshot.
Financial proofs: Bank statements, payslips (if employed), scholarship confirmations, budget outline.
Academic records if requested.
Similar KYC and income proofs as applicants.
Analysis: Original assumes traditional lender; Prodigy is fintech for internationals, emphasizing no security and quick process. Changes align with official data for accuracy.
Key Features
No collateral or cosigner required for most borrowers.
Loans based on future income potential, not current credit.
Competitive rates starting at 9.17% variable.
Quick online application with provisional offer in minutes.
Funds up to full tuition, sent directly to school.
Supports specific top global universities for masters.
No hidden fees; only USD 500 processing fee.
How does it work
Total Processing Time
Upload documents securely, get instant verification, and track your application 24/7 through our online platform
Expert Personal Support
Dedicated relationship manager with multilingual support to guide you through the entire loan process
Fastest Loan Processing
Get your education loan approved 3x faster than traditional bank applications with our streamlined process
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