Prodigy can not pay the approved loan

Its the same for me. The first stage of matching is supposed to be done by mid April.

I got a similar response and initially, I thought it was owing to oversight, so applied again.
Next time also I got the same message.

Prodigy is trying to hint that taking a loan for an MBA in 2021 is not the smartest thing to do - at least for some of us!

Believe some cool data analytics tool is at play here.

I have requested deferral at Notre Dame considering the Covid situation i.e. the risk of catching the virus during the travel itself & the nonavailability of loans in USD.

Waiting for an update from Mpower btw.

https://bwdisrupt.businessworld.in/artic ... 21-385160/

Hi everyone,

We have a live chat session with the MPOWER Financing team about "Financing your MBA " in about 30 minutes from now at 8 AM PST | 8:30 PM IST. You can join the chat at the following link

https://gmatclub.com/forum/mchat.php

Hi guys,

Has anyone heard back from Prodigy regarding the 1st round of matching for funds?

Posted from my mobile device

Hi there. Our first round of matching took place on 15 April. If you'd like to find out more about matching, or need to follow up on the status of your application, please email our support team on info@prodigyfinance.com

I am matched with funds on 15th April.

Hey,

Apart from Prodigy, there are several lenders that you can opt for. Here is a brief information about all of them.

There are 2 types of education loans that you can go for i.e. secured education loan and unsecured education loans.

A few secured loan options are as follows -

1. SBI - they can provide you with up to 1.5 Cr INR loan with an interest rate starting at 11.15%. The processing fee for the same is 11,800 INR including GST.

2. UBI - they can also provide you with an education loan with up to 1.5 Cr INR with an interest rate starting at 10%. They charge a processing fee of 5,000 INR which is refundable in case you take disbursement within 3 months of loan approval.

Please Note - For both the cases above, collateral will be required.

Options for getting an unsecured education loan i.e. loan without collateral are shown below -

Lender	Maximum Loan Amount	Rate of Interest
Axis Bank	Up to 50 Lakhs INR	11% - 13.50%
ICICI Bank	Up to 50 Lakhs INR	10.85% - 12.50%
IDFC FIRST Bank	Up to 50 Lakhs INR	11.50% - 13.25%
HDFC Credila	Up to 65 Lakhs INR	11.25% - 13%
Auxilo	Up to 65 Lakhs INR	11.25% - 13%
Incred	Up to 60 Lakhs INR	12.25% - 14%
Avanse	Up to 75 Lakhs INR	12.50% - 13.50%
MPOWER Financing	Up to 100,000 USD	12.99%

Absolutely, the decision ultimately boils down to your individual preferences and requirements. In case you have collateral then you can go for a secured education loan with a public sector bank. In case you do not want to pledge collateral then you should go for unsecured loans from private banks or NBFCs but ensure to have a good financial co-applicant. In case you do not have a financial co-applicant then you may go for international lenders.

To streamline your education loan process, you can proactively check your eligibility through platforms like GyanDhan, India's first and largest education financing marketplace. We specialize in helping students fulfill their dreams of studying abroad, and our services are free.