Confirming your loan

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I’m busy verifying my loan application

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What documents does my co-signer need to provide?
Once you’ve accepted your provisional offer, tasks will appear on your Prodigy Finance dashboard that require documen...
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What documents do I need to finalise my loan?
Once you’ve accepted your provisional offer, a task will appear on your dashboard to verify your identity and provide...
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How can I get my credit report?
A credit report is a detailed report of an individual's credit history prepared by a registered Credit Bureau.  Where...
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Setting up a blocked account for Germany through Expatrio
To meet German visa requirements, international students must open a blocked bank account that proves they have suffi...
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When will I receive my loan sanction / confirmation letter?
A final loan confirmation letter (sometimes referred to as a sanction letter) confirms that we have approved your loa...
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Do I need a credit card to have a credit report?
In most cases, having a credit card is not a requirement for having a credit report. Your credit report is a record o...
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I’m waiting to be matched to available funds

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When will my application be matched?
We’re matching applications to available funds on a weekly basis. As soon as you’ve been matched, you’ll receive an e...
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How does the matching process work?
When you accept a loan offer from Prodigy Finance, we want to ensure you’re in control until it’s time to commit to t...
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What happens when my application is matched to funding?
If your application is matched to available funding during any of the rounds, you will receive a notification from us...
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How do we match applicants to funding?
At Prodigy Finance, we believe in the philosophy that funding shouldn't be a barrier to education. We are not a bank,...
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What happens if I'm not matched?
If your application wasn't matched in the most recent round, don't worry, you are still in the matching stage and you...
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I’ve been matched to available funds

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I have been matched. How do I accept?
Suppose your application has been matched to available funds. In that case, you’ll have 14 days to let us know if you...
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What if I’ve been matched but I need more time to decide?
If you have been matched but you aren't ready to commit yet, please select the option: ‘’I'm not sure’’ on your dashb...
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What if I don’t need funding from Prodigy Finance?
If you are matched, this means we have allocated funds to your loan application. It's important that you let us know ...
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I’ve accepted my match, now what?

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Which banks can I use to receive living expenses in UK and France from Prodigy Finance?
To receive your living expenses, you’ll need to link a bank account based in your country of study. Below is a list o...
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Setting up a US Zolve bank account for auto debit payments
Prodigy Finance has partnered with Zolve, a trusted global banking platform created especially for international stud...
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What's the next step once my loan has been approved?
If your loan has been approved and you’re wondering what the next steps are, we’re here to set your mind at ease.  At...
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Can I use my loan to apply for my visa?
Once your application has been successfully matched to funding, you’ll receive a letter confirming your loan. You can...
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What does it mean if my loan is being certified?
Certification is a process in the U.S. created for the purpose of borrower protection. Before a lender can send funds...
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When do I get my funds?
Each school is a bit different. Here are a few things to consider.  Attending a US School Once your loan amount has b...
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Loan approval

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Common Questions on signing your loan agreement
What are all of these disclosures that come with my Loan Agreement? Adequate explanations, which explains who will b...
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My loan is approved, what's next?
  If you want any information related to the Prodigy Finance supported schools before you make your decision, or if ...
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When will I sign my final loan agreement?
Once you've finalized your application and accepted your final offer, you'll be ready to head off to campus. E-Sign y...
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Can I edit or cancel my application?

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Can I increase or decrease my loan amount?
This depends on the amount you accepted in your quote as well as the maximum amount we're able to offer you. Here's a...
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Is there a penalty for cancelling my loan?
We know that sometimes you might need to withdraw your application. Here's a look at some of the different scenarios ...
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