Student Loans Reviews

I am an incoming student at a top 10 US B-school and chose Prodigy to finance my expenses. Right from step 1 the Prodigy platform is seamless and provides an excellent UI. Basis the information provided they hand you a provisional offer which gets confirmed on subsequent applicant verification. Even the customer care services are outstanding and query redressal is very prompt. At each stage I felt the officials were very warm and offered all their time and help to address the queries.

Overall, the online UI and warm representative make Prodigy a wonderful experience. Not to forget, for international students, Prodigy is the only provider of loan without collateral.

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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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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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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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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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