We'll need official savings account statements that display available funds. Each document should be in a non-editable format should include the following:
- Your name and surname
- The name of the financial institution
- The bank account balance or current amount available for immediate withdrawal
- The document must not be older than 90 days from the date of upload
Are you using personal savings to fund your studies?
To confirm your personal savings, we accept the following documents:
- Bank statement
- Bank letter
- Fixed deposits
Have you paid your school deposit?
If you’ve already made a payment or deposit to your school, then we can add this amount to your savings. We’ll need confirmation from the school that this amount was paid, or a screenshot of an email from your school confirming the amount that has been paid.
- If you have an internship/assistantship at your school, this can also form part of your savings.
Are any friends or family members contributing to your savings?
For contributions from your family or friends, the following documents are accepted along with a financial support declaration form. The Financial Support form can be found here
- Bank statement
- Bank letter
- Fixed deposit slips
What needs to be included in the Financial Support Form?
Your family member or friend must ensure that the below is clearly visible on the uploaded document:
- Their full name, as well as yours
- Name of the school you will be attending
- Value & currency of the contribution and if the contribution is a gift or a loan (If the contribution is a loan, we will update the application as needed)
- Contact information as well as a signature
What we do not consider as savings:
- Investments that are tied to stocks or equity
- Provident/Pension Funds
- Car papers
- Real estate or property documentation
- Gold ornaments
- Personal credit card statements
- Bank Statements from a business without an individuals name present
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.