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INSEAD Loan Options

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Current Student
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Joined: 29 Jan 2013
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INSEAD Loan Options [#permalink] New post 21 Jun 2014, 02:22
US citizen -- I don't have any savings, so I'm going to be applying for loans to cover 90% of the my costs for the program.

As a result of my lack of assets/leverage, Prodigy Finance rejected my loan application.

I am awaiting feedback regarding my Federal Direct loans (FAFSA).

But, I am interested in the potential of applying to private French banks. I am awaiting for a response from BNP, HSBC. Does anyone have contact info for LCL or any of the other French banks?

There is very little information about these alternative options on MBA Connect/the web as a whole (just a few blog posts), which kind of makes me nervous. But, I'd like to investigate the potential here, so please share your experiences with them!
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INSEAD Loan Options [#permalink] New post 21 Jun 2014, 05:13
quij wrote:
US citizen -- I don't have any savings, so I'm going to be applying for loans to cover 90% of the my costs for the program.

As a result of my lack of assets/leverage, Prodigy Finance rejected my loan application.

I am awaiting feedback regarding my Federal Direct loans (FAFSA).

But, I am interested in the potential of applying to private French banks. I am awaiting for a response from BNP, HSBC. Does anyone have contact info for LCL or any of the other French banks?

There is very little information about these alternative options on MBA Connect/the web as a whole (just a few blog posts), which kind of makes me nervous. But, I'd like to investigate the potential here, so please share your experiences with them!


Sorry to hear that! Did Prodigy Finance required proof of assets? Bank statements, etc.? And did they say how much in assets one would need to show in order to get the approval? I think to apply for loans with those banks you would need a local co-signer but better to double-check.

Thanks and good luck with the loan!
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Joined: 29 Jan 2013
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Kudos [?]: 7 [0], given: 4

Re: INSEAD Loan Options [#permalink] New post 21 Jun 2014, 19:27
Yes, they simply asked for a statement of my assets/how i plan to fund the program (loans, scholarships, savings etc.)

They didn't specific an acceptable ratio. I guess they don't want to publicize this to minimize the chance of ppl gaming them.

Yes, I believe either an international guarantee or local cosigner is required.
Re: INSEAD Loan Options   [#permalink] 21 Jun 2014, 19:27
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INSEAD Loan Options

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