Private Bank & NBFCEst. 2007
Prodigy Finance International Student Loan
प्रोडिजी फाइनेंस अंतर्राष्ट्रीय छात्र ऋण
Borderless cross-border international student loan requiring zero collateral and zero co-signer for top global MBA and STEM degrees.
Max Loan Amount
Up to 100% Cost of Attendance (NO Indian Collateral & NO Co-Signer Required)
Interest Rate
11.50% – 14.90% variable APR (Benchmark rate + variable margin in USD/EUR/GBP)
Moratorium Period
Course duration + 6 months grace period (Zero payments required during study)
Repayment Tenure
Up to 10 to 20 years
✦ What the Loan Covers (Eligible Expenses)
Tuition fees, campus housing, food/living expenses, books, health insurance.
What is Missing: Honest MITC Policy Gaps, Hidden Clauses & Costs
Eligo disclosure: Bank loan brochures and DSA agents rarely highlight these conditions. Verify before signing your loan agreement.
Only supports top-tier global universities (~1,000 top programs); general unranked universities are strictly rejected; loan is denominated in foreign currency (USD/EUR/GBP) — borrower bears full currency exchange fluctuation risk; 5.0% administration fee added to loan amount; Section 80E tax deduction cannot be claimed in India because lender is not an Indian entity.
✦ Collateral & Margin Money Terms
Collateral & Guarantee Requirement:
ZERO collateral, ZERO property mortgage, and ZERO co-signer or co-borrower required. Collective risk model based on future earning potential.
Margin Money (Borrower Contribution):
Nil margin money. Up to 100% of university-certified Cost of Attendance funded.
✦ Eligibility Requirements
Accepted into top-ranked Master's, MBA, Law, Public Policy, or STEM programs at supported global universities in the US, UK, Europe, and Canada.
✦ Government Subsidies & Rate Concessions
International cross-border fintech loan; not eligible for Indian government subsidies or Section 80E tax deduction.
✦ Required Documents Checklist
Passport copy, university admission offer, academic transcripts, proof of residence, salary slips (if prior work experience).
✦ How to Apply Step-by-Step
1. Apply 100% online at prodigyfinance.com.
2. Select university and degree program.
3. Automatic algorithmic assessment based on university alumni earnings.
4. Provisional offer letter generated in minutes.
5. Loan confirmation letter issued for visa interview.
6. Funds disbursed directly to university bursar upon campus arrival.Official Portal
Official Portal / Lender Domain
Apply or verify directly on the official banking portal
✦ Frequently Asked Questions
Can I really get a loan without my parents as co-signers?▼
Yes. Prodigy Finance assesses the student's future earning potential based on university employment data, completely eliminating the need for parents as co-signers or Indian property collateral.
Do I have to make payments while studying abroad with Prodigy Finance?▼
No. There are no monthly payments due during your study period and for 6 months after graduation.
Can I claim Indian income tax deduction under Section 80E?▼
No. Because Prodigy Finance is a foreign entity and not an Indian scheduled bank or RBI-registered financial institution, interest paid is not eligible for Section 80E deduction in India.