A final loan confirmation letter (sometimes referred to as a sanction letter) confirms that we have approved your loan application.
- A conditional loan confirmation letter can be used for I-20 purposes and Visa appointments but it is not a guarantee the school or Visa office will accept it as they may require the final loan confirmation letter.
- A confirmed loan letter is required when applying for your student visa.
When is it available?
- As soon as you get to the verification stage of your application your conditional loan confirmation letter will be available on your Prodigy Finance dashboard. You are able to download your conditional confirmation letter from the files section of your application.
- Once your loan has been approved and finalized you will be able to access your final loan confirmation letter on your dashboard.
How do I receive the Loan Confirmation Letter?
Log into your Prodigy Finance account in order to access an electronic copy of your loan confirmation letter on your student dashboard.
Can I use my loan for Visa purposes?
You can utilize your Prodigy Finance loan confirmation letter as proof of funding to support your visa application. Please remember that this does not necessarily guarantee that your visa application will be successful.
If you need any information related to the Prodigy Finance supported schools or “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.
If you have questions about Prodigy Finance charging any hidden fees, whether your full cost of studies will be covered, if there will be any changes in your interest rate, or if you’ll receive a tax break or not, here is an article that provides as good a Prodigy Finance review as possible.
Before you apply for a Prodigy Finance student loan please browse our website for any other information about Prodigy Finance, our student loan process, or register for a webinar to have your questions answered by one of our team members.