When you accept a loan offer from Prodigy Finance, we want to ensure you’re in control until it’s time to commit to that loan. Once you’ve uploaded all your documents and we’ve completed our review, we'll look to match your loan to available funding weekly.
Each year, we raise funds which we’ll use to lend to international students. We raise funds from a diverse group of investors who share our mission and trust our unique credit risk model. As a standard practice, each of these investors set a series of conditions for using the funds they’ve provided.
As a last step before you commit to your loan, we’ll match your application to our available funding. Once we’ve confirmed the funding for your application, we’ll ask you to declare your commitment so we can finalise the loan. Your next step will be to read through your official loan agreement and sign electronically once you arrive on campus.
If you’re matched to funding but you’re no longer interested in taking the loan, we’ll ask you to let us know so we can provide those funds to another international student.
Please note that as we do our best to match applications on a weekly basis, we also aim to match each applicant to funding in line with class start dates. If you have not yet been matched please be rest assured that we will aim to match your application to funding closer to the start date of your class.
*Your loan is only confirmed once you've signed the loan agreement, and Prodigy Finance has countersigned.
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.