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Has anyone financed their MBA through Brain Capital in comparison to Prodigy Finance? I don't seem to find much information on the topic. Can someone please share his/her experience with the educational fund? After my research, I have come across two options for financing my MBA - PF vs. Brain Capital? I know from friends of mine that have taken a loan with PF that everything is pretty straightforward and PF makes payments to the uni so you don't have to worry about that. You get an interest rate of /apx. 7%/ which compared to Brain capital is relatively high ( if I am not mistaken BC offers 4% flat for a 10-year period, regardless of how much money you make per year) ?
If anyone can please shed any light on this topic, as I see it is not being discussed much here, it would be greatly appreciated.
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Has anyone financed their MBA through Brain Capital in comparison to Prodigy Finance? I don't seem to find much information on the topic. Can someone please share his/her experience with the educational fund? After my research, I have come across two options for financing my MBA - PF vs. Brain Capital? I know from friends of mine that have taken a loan with PF that everything is pretty straightforward and PF makes payments to the uni so you don't have to worry about that. You get an interest rate of /apx. 7%/ which compared to Brain capital is relatively high ( if I am not mistaken BC offers 4% flat for a 10-year period, regardless of how much money you make per year) ?
If anyone can please shed any light on this topic, as I see it is not being discussed much here, it would be greatly appreciated.
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There is no such fixed rates for either. The rates offered are customized based on your nationality and work authorizations. So if you are in a developed economy, the rates are lower for both.
I got a quote of 7% from prodigy and Brain asked me for 16% of my salary. I went with Prodigy. Some batchmates who have entrepreneurial ambitions and did not want to get burdened by the pressure of a loan went for Brain.
I will never recommend Brain Capital from my personal experience. I wanted to pay them back earlier than 10 years and they charge me double the amount what I borrowed According to their "ceiling value 200%"... If you make your MBA and get a normal job after you graduated, you will pay accumulated double amount that you borrowed in the end. Warning: FINGER WEG davon
I completely agree! I had a similar experience with Brain capital. It is the worst funding option available
JLL
Hi everyone,
I will never recommend Brain Capital from my personal experience. I wanted to pay them back earlier than 10 years and they charge me double the amount what I borrowed According to their "ceiling value 200%"... If you make your MBA and get a normal job after you graduated, you will pay accumulated double amount that you borrowed in the end. Warning: FINGER WEG davon
I am looking to apply to Insead and looking for funding option. Unfortunately I am a resident (not citizen) of a country that Prodigy finance doesn't lend to. Are there any other such sources of funding apart from BC that I can look up?