We’re ready to help finance your study abroad journey
We already support hundreds of schools across 18 different countries - and we’re excited to announce that we can now support financing for universities in Australia! We provide financing for a variety of programmes from Law, to Business, Engineering, Public Policy, and more - and we have your funding ready!
What do we offer?
Financing for Masters degrees in a variety of fields at international universities
Simple repayment terms based on your future earning potential
Access to an international network of students and graduates
Want to know more?
Can Prodigy support universities in Australia?
We have funding readily available for top Australian schools. Our international lending model enables us to help you finance your education. Your loan offer and repayments are based on your future earning potential!
How can I use my Prodigy Finance loan?
You can use your Prodigy Finance student loan to finance your education at top schools around the world - and you can even finance a second study period if your degree duration is two years, as well.
What Australian universities can Prodigy Finance support?
Australian National University
Griffith University
James Cook University
Macquarie University
Monash University
Queensland University of Technology
Swinburne University
University of Canberra
University of New England
University of Sydney
University of Tasmania
Western Sydney University
Why go with Prodigy Finance?
Starting at 11.18% APR
Our accessible student loans give you the flexibility to manage your studies. As a full-time student, you only begin repaying your loan 6 months after your class end date.
No collateral or co-signer needed
With us, you don’t need to place a deposit nor do you need a co-signatory to secure your loan.
Get an immediate offer
Once you’ve finalised your application, we’ll present you with a customised offer in just ten minutes.
Covers cost of tuition and living expenses
Your Prodigy Finance student loan covers your course fee, accommodation and other expenses.
Hundreds of schools on our list
We cover some of the best universities and their master’s courses across the globe.
Here's a representative example
Education loan amount example
Interest rate example
We use a variable simple interest rate which tracks a fluctuating benchmark rate. The interest rate includes a fixed margin tailored to your application and the benchmark rate that will change throughout the life of the loan. We use 30-Day Average SOFR as this benchmark.
Education loan repayment example
Representative
APR
14.68%
APR (Annual Percentage Rate) is a rate that shows your total cost of borrowing, including the interest rate and any fees or additional costs. When comparing education loan offers from different lenders, it’s best to use APR rather than monthly interest rate. Your monthly interest rate will always be lower than APR because it only represents part of the total cost of your loan.
Watch this video to find out moreTerms and conditions
11.18% is the minimum possible Annual Percentage Rate you could be offered. This APR assumes a 7.75% fixed margin rate, a 5.29%* variable base rate (30-Day Average SOFR as of 8 April 2024), and a 5% administration fee. The actual rate offered will depend on your circumstances, loan amount and term, and may differ from the minimum and/or the average representative APR shown in our representative example above.
The average APR for student loans is 14.68%.
To qualify, borrowers must meet Prodigy Finance eligibility and underwriting requirements.
Prodigy Finance reserves the right to vary or discontinue its student loan product at any time without notice.
* Benchmark rates shown on this page are rounded to 2 decimals of a percentage for illustrative purposes. For the actual rate used, click here.