What is Prodigy Finance?
Prodigy Finance is a UK-regulated fintech lender, authorised and regulated by the UK Financial Conduct Authority (FCA).
We provide education loans to international postgraduate students admitted to supported schools and programmes worldwide.
Instead of assessing affordability only on your current financial situation, we consider your academic profile and expected future earning potential after graduation. This approach helps talented students access funding even if they have limited credit history today.
What does a Prodigy Finance loan cover?
Depending on your school and loan offer, your loan may cover:
Tuition only, or
Tuition and living expenses
Tuition is paid directly to your school.
Living expenses (if included) are paid according to your verified bank setup and disbursement schedule.
Your dashboard will show exactly what your loan covers.
Why students choose Prodigy Finance
Loans based on your future potential
We assess affordability using your expected income after graduation, alongside other academic and financial factors.
Because of this approach, most students can apply without a co-signer or collateral, depending on their region and eligibility.
Support for students from more countries
Our credit model is designed for postgraduate international education. We support students from over 150 countries worldwide, more than many traditional lenders.
Clear and structured repayment options
We offer repayment structures designed to support students during and after their studies, including:
- A grace period before full repayments begin:
- You start making full repayments 6 months after your course ends.
- You start making full repayments 3 months after loan disbursement.
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No penalties for early repayment
- You can repay your loan early at any time. There are no penalties, and interest is only charged up to the date of repayment, in line with your loan agreement.
If your loan includes in-school payments, you will be required to pay USD 100 per month during your studies, including your grace period.
Additional benefits for international students
We’ve built a suite of extra benefits designed to make life as an international student simpler. We’re currently updating these benefits and will share more details soon.
Ready to check if Prodigy Finance is right for you?
Before applying, make sure:
- We support your country or region of residence
- We support your school and course
Be studying abroad (outside your country of residence)
If you answered YES to these questions, you can start your application online.
Apply now to see what you’re eligible for.
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.