Repaying your loan can sometimes feel daunting, here are some guidelines on everything you need to know before taking out a loan from us.
Can I repay my loan early?
The short answer is, Yes! There is no penalty for making early payments toward your loan.
You're welcome to do this during your study period or grace period or simply make extra payments during the repayment period.
You can go ahead and explore our guide on when you should repay your loan and what payment methods you'd be able to use.
What currency should I pay in?
If you're making payments on your loan, please ensure that we receive your payment in the same currency as your loan. For instance, if your loan is in USD, please make your payments in USD as well.
Here are a few tips on how to avoid extra fees:
- Start by converting your funds into the currency of your loan.
- After the conversion is done, go ahead and send your payment to Prodigy Finance.
- To ensure your payment remains in the loan's currency, please add "do not convert" in your payment instructions.
How do I pay?
You can take a look at the available payment options and instructions by logging in to view your loans online, on iOS, or Android.
How do I settle my loan?
You're welcome to settle off your Prodigy Finance loan earlier than expected, and you won't be charged any penalties for doing so. Here is a quick guide on how to settle/close off your loan with Prodigy Finance.