An overseas education loan helps students fund a postgraduate degree pursued outside their home country, typically covering the tuition and living costs of a master's programme at a university abroad. Prodigy Finance operates a lending model built specifically for international postgraduate students studying in the US, UK or Europe. Its central emphasis is collateral-free lending that does not require a co-signer or guarantor, which distinguishes it from traditional education finance that leans on family assets or a domestic guarantor.
Instead of assessing an applicant primarily on collateral, Prodigy Finance evaluates a candidate on future earning potential, weighing the projected income associated with the chosen programme and career path. The platform describes itself as borderless, extending access to students drawn from a wide range of countries and channelling funding toward postgraduate study at universities worldwide, framed around a global community of international students.
Because Prodigy Finance is a foreign lender headquartered in the United Kingdom and is not regulated by the Reserve Bank of India, prospective borrowers in India should review its terms, servicing arrangements and dispute-resolution processes independently before applying. Any funding decision would depend on the applicant meeting the lender's eligibility criteria, and approval is not assured. Applicants are encouraged to confirm current terms and eligibility directly with the lender before proceeding with a formal application.
As published by Prodigy Finance. Your branch may ask for more.
⚠️ Foreign lender — not RBI-regulated. Compare the all-in cost against an RBI-registered lender.
Tax: interest is deductible under Section 80E (no cap, up to 8 years). Foreign lenders (labelled below) are not RBI-regulated — read their terms carefully.
They lend without Indian collateral and are useful for some students, but they are NOT RBI-regulated — shown here with a distinct badge. Compare their all-in USD cost against an RBI-registered Indian lender before deciding.
Every row is date-stamped with the day we last checked it, and links to the lender’s published material so you can confirm it yourself. A row we confirmed against the source reads “Verified”; one we could only sight reads “as of”, and is not presented as confirmed. Anything we have not re-checked in 60 days is marked “rate under review” rather than left to look current. We do not claim a fixed re-checking cycle — the date on each row is the honest answer.
No. Viewing rates is not a credit enquiry and has no score impact. A hard enquiry happens only when you formally apply to a lender.