NEW co-signer student loans with interest rates starting from 8.47%*
Open the doors to your future with a co-signer! Available exclusively for Indian residents.
)
Radically flexible loans
Co-signer or not, the choice is yours!
Fast & secure application
Get a provisional offer in just 15 minutes.
Expert support team
Human help, when you need it most.
What is a co-signer loan?
A co-signer loan involves a trusted family member, known as a co-signer, sharing the legal responsibility of loan repayment with the primary borrower. This means both the borrower and the co-signer are equally responsible for making timely loan repayments.
At Prodigy Finance, we understand that every student’s financial situation is unique. That’s why we offer the option to include a co-signer on your loan application. Whether you apply with or without a co-signer, our personalised financial solutions are designed to help you achieve your dreams.
Benefits
Benefits of co-signer loans
A co-signer loan improves approval chances and interest rates for international students, or those with limited credit history.
By adding a co-signer, you may increase your borrowing capacity, enabling you to access higher loan amounts at a lower interest rate.
With our co-signer loans, you reduce your total interest paid, by making initial monthly payments while studying, which will help you build credit, while you focus on achieving your academic goals.
Save more with lower rates
With a co-signer, you get a reduced interest rate, lowering your total repayment amount.
Boost your approval chances
Co-signers strengthen applications, giving lenders additional certainty, which can improve your approval rate.
Ready to take the next step?
Start your journey today, with a co-signer master's loan starting from 8.47%* interest
Comparison
Feature | Co-signer Loans | No Co-signer Loans |
|---|---|---|
Interest Rate | Often lower, starting from 8.47%*, supported by the co-signer’s financial profile | Tailored to individual borrower |
Loan amount | Potentially higher with a co-signer’s backing | Determined by your personal profile and earning potential |
Application process | Includes co-signer review | Faster, without co-signer input |
Approval rate | Often higher with added commitment from a co-signer | Based solely on your academic and career potential |
Responsibility | Shared between borrower and co-signer | Full responsibility lies with the borrower |
Grace period | USD 100 monthly payment (30 months) | 6 months after classes end for full-time studies |
Collateral needed? | No | No |
Initial monthly payment while studying | USD 100 (fixed) | No payment required while studying |
HOW TO APPLY
How do I apply with a co-signer?
Applying for a student loan with a co-signer is simple and straightforward with our easy online process!
Just follow the easy steps, and if you're eligible, you’ll have the option to add a co-signer. We'll guide you through every step to ensure you get the best loan for your needs.
With our seamless application process, you’ll be one step closer to funding your education and achieving your dreams!
Step 1: Start your application
Register an account, submit your application for any of our supported schools.
Step 2: Get your offer
You'll receive a non-binding provisional offer valid for 14 days, where you can select to add a co-signer if you're eligible.
Step 3: Document verification
Accept your offer and upload your supporting documents for you and your co-signer. If successfully verified, you'll be matched to available funding.
Step 4: Loan confirmation
Once your funding has been allocated, and your co-signer will need to accept the offer, and pay a USD 500 processing fee, to finalise your loan.
Our processing fee is the only upfront fee you are required to pay for your loan.
What happens after I’ve submitted my application?
Monitor your Prodigy dashboard and emails for any additional tasks needed before finalising your loan agreement. We’ll ensure that everything is in place for you and your co-signer to get started!
Step 5: Complete final steps
Monitor your Prodigy dashboard and emails for any final tasks that are needed before finalising your loan agreement. We’ll ensure that everything is in place for you and your co-signer to get started!
Step 6: Sign your loan agreement
Once you arrive on campus, you and your co-signer will sign your loan agreement digitally. After that, we’ll send your funds directly to your school to cover tuition and other expenses.
No co-signer? No problem.
Apply now to get a quote for a no-cosigner, collateral free loan!
FAQ
Who is eligible for a Prodigy Finance student loan?
Who can be my co-signer?
What documents do I need?
What documents does my co-signer need?
What are the benefits of having a co-signer?
What are the loan repayment terms?
Can I repay my loan early?
Can I apply without a co-signer or collateral ?
What are the benefits of choosing Prodigy Finance?
