The short answer is - no!
Prodigy Finance does not require any collateral or a co-signer for our loans. We assess affordability based on your future earning potential and not only on your credit history. This means you don’t need a co-signer or collateral in order to apply for a loan.
To make our loans more accessible, we’ve recently introduced the option to apply with a co-signer for students residing in India, typically a family member who can support your application and help improve your loan terms.
It allows our customers to apply for a loan, start their journey abroad and fulfill their dreams of studying at one of our supported schools, without having to burden their family with the financial costs attached to studying abroad.
When you complete your application, you’ll be asked whether you’d like to apply for a loan without a co-signer or with a co-signer, depending on what works best for your situation. This helps us better understand how to support your financing needs.
If you’re ready to see if Prodigy Finance can support you, follow these quick steps:
- Confirm you are from one of the regions we can support
- Confirm that we support the course and school which you’re interested in
If you answered yes to the two questions above, click here to apply now.
If you have any questions about the Prodigy Finance loan application journey, you're invited to join us in one of our weekly webinars. Register here!