A loan confirmation letter (sometimes referred to as a sanction letter) confirms that we have approved your loan application.
- A conditional loan confirmation letter if an i20 form is required from your school.
- A confirmed loan letter is required when applying for your student visa.
When is it available?
- Your conditional loan confirmation letter will be available on your dashboard as soon as you get to the verification stage of your application. You can download it from the files section of your application.
- The final confirmed loan letter (sanction letter) will be available on your dashboard as soon as your loan is finalized and approved.
How do I receive the Loan Confirmation Letter?
Log in to your Prodigy Finance account to find an electronic copy of your Loan Confirmation Letter on your student dashboard.
Can I use my loan for Visa purposes?
You may use the Prodigy Finance Loan Confirmation Letter as proof of funding to support your visa application, but this does not necessarily guarantee that your visa application will be successful.
If you want any information related to the Prodigy Finance supported schools before you make your decision, or if the question is simply, “What loans am I eligible for?”, simply check out one of our Support pages or visit our Study Centre to read more about how Prodigy Finance can help you in the next stage of your career journey.
Also, if you have some questions about Prodigy Finance charging any hidden fees, whether your full cost of studies will be covered, whether forex rates will affect your interest, or if you’ll receive a tax break or not, here is an article that provides as good a Prodigy Finance review as possible.
For any other information about Prodigy Finance, or our student loan process, feel free to browse through our site or register for a webinar to have your questions answered by one of our team members before you apply for our student loan.