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[Loans] Prodigy Finance Reviews
    Number of reviews [4]
    Average Rating:       (4.8/5)
[Loans] Prodigy Finance Student Loans [4]
    
Prodigy Finance
Fund your postgraduate studies with Prodigy Finance
60% of MBAs and other postgraduate students need funding, but traditional banks and other lenders have difficulty assessing cross-border risk, and are often hesitant to lend to international students. That’s where Prodigy Finance comes in. In our community model, alumni, business schools and other investors fund the next generation of postgraduate students. We assess students’ future earning potential based on past achievements of similar graduates to determine individual loan affordability.
 

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     By kinjiGC 905 1252

I had such a great experience with Prodigy Finance with Students loans and I want to thank Prodigy Finance to enable me to study abroad. The process of application is pretty straight forward and I need to upload proofs that are easily available. After that Prodigy Finance sends the loan document that can be used for VISA process. Overall, the application and disbursing process is quite simplified.

Prodigy Finance covered 85% of the tuition with no collateral and at competitive interest rates compared to banks in India. Most of the banks don't cover the considerable amount of loan at all and hence Prodigy Finance helped me a lot.

Without Prodigy Finance and school alums, I won't be able to study MBA from one of the top ranked US school.

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Comments [3]
1 Commented by jeongmin889 on July 08, 2016
If I am still a student and un-employed, is it possible to get a loan from Prodigy Finance?
2 Commented by prodigyfinance on November 29, 2017
Thanks for your positive feedback kinjiGC. We’re very happy to have you part of our community.
3 Commented by prodigyfinance on November 29, 2017
Hi jeongmin889,

Thanks for your interest in Prodigy Finance and apologies for the delay.
This will depend on several factors - I've you're still interested in a Prodigy Finance loan, please contact us on info@prodigyfinance.com to chat about this further.

Thanks,
The Prodigy Finance Marketing Team
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     By andreyjv 4 1

After being approved in a school, I started looking for companies that could give loan to international students. Prodigy was the only one. to do so (not counting on Discover that is the school partner). The school only gives 60% of total cost (tuition + living costs). Thanks to prodigy I am able to attend a MBA. I got the other 40% with a very good rate (for international students) and with a long term payment.
The customer service is outstanding and all the loan process is made online. I also got a student loan for my 2nd year, after being pre-approved on my first year.

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Comments [3]
1 Commented by safira20 on April 15, 2017
Can I modify the amount for my 2nd year? (After my first year of studies?) It could help me a lot.
2 Commented by prodigyfinance on November 29, 2017
Hi safira20,

Yes, this may be possible. Please contact us on info@prodigyfinance.com to chat about this further.

Thanks,
The Prodigy Finance Marketing Team
3 Commented by prodigyfinance on November 29, 2017
Thanks for your positive feedback andreyjv. We’re very happy to have you part of our community.
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     By cfr990 2 5

I requested a Prodigy Loan and was surprised by how quickly and hassle free the process is. After submitting my self-reported information I got the quote that was valid for 2 weeks. I accepted the pre approval close to the deadline after attending a drink session and 1 on 1 session in Peru since I had some questions. Once I accepted I had to submit some documentation. The tool is very easy to use, detailed and the documents are not complicated. You have to be careful about your credit report since sometimes the information does not reflect immediately and it is important to take into account the money you’ve borrowed not only in loans but also with your credit card, this can affect your application (it wasn’t my case). I quickly submitted the information and it was reviewed and approved in less than a week. The only observation was that I should provide a utility bill instead of cellphone bill as proof of residence, once this was resolved it was shortly approved. Incredible time, especially since its without a collateral. On the flipside the response time for e-mails could be faster. Otherwise, very efficient, friendly and pain free. Hopefully this replicates for the loan disbursements and payments.

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     By rodrigocani 23 13

Since my school didn't cover the whole cost of the MBA, I turned to Prodigy Finance for an additional loan. They are one of the few options that give loan without any co-signer.
My overall experience is positive, but I had some problems with them that were very frustrating. So I will break down the feedback between good and bad:
1) Friendly staff and system: dashboard works great and is easier to know what you have to do in order to advance the loan process. Also, whenever you need help you can access the team via email and you will get fast responses.
2) Rate: is higher than what you get with your school, but still very good (I got 7.75% APR).
3) They are investing a log in creating relationships with students and keep in touch while you are doing your MBA. They plan some visits to your school and are willing to help support some school activities (ex. they sponsored one of the international clubs main events).
The bad:
1) Bureaucracy: while you expect some bureaucracy to get your loan approved, the excess of it and the barriers to finish the process is tiresome. My main problem is with the 2nd year loan. Basically, everything is the same, you are the same person, even got a job, but you have to fill a whole new application to get your new loan. You have to upload all the same files again, which makes you waste a lot of time and effort. I almost gave up getting my 2nd year loan because of that, but luckily their support staff was very patient and responsive and help me solve any pending issues.

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Comments [1]
1 Commented by prodigyfinance on November 29, 2017
Thanks for your feedback rodrigocani.

We have heard your frustrations and have been working tirelessly on our upgrading our 2nd year loan process.

Kind Regards,
The Prodigy Finance Marketing Team