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What you need to know for your Ramon Llull University - ESADE Business School loan

Key Benefits:

  • No co-signer, collateral or guarantor required
  • 150 nationalities eligible
  • Loans available for current and incoming international students
  • No up-front fee
  • 6 month grace period after classes end for full-time programs
  • No fees for early repayment
  • Get a provisional loan decision within 5 business days

What programs are supported?

We support the following courses at Ramon Llull University - ESADE Business School, including:

  • Full-time MBA
  • MSc in Marketing Management
  • MSc in Finance
  • MSc in Innovation and Entrepreneurship
  • MSc in International Management
  • MSc in Business Analytics
  • MSc in Global Strategic Management
  • MSc + CEMS

Is your program not listed above? Let us know. We will add it to the list.

In-year top up and bridge loans availableRefinancing of existing loans available soon! Interested? Let us know.

How much can I borrow?

  • Up to 100% of Cost of Tuition (as provided by the school)
  • Minimum loan size is €15,000
  • All loans disbursed directly to the school in accordance with tuition due dates
  • Loans are available in EUR or USD
  • If your total payments to the school exceed the amount of tuition due, the remaining amount will be disbursed directly from the school to your local bank account. Subject to deposit fee limitations.

What is my rate?

  • 5.25 - 6.75% (fixed) over the 3-month Euribor base rate (variable). Rates are dependent on individual applicant profiles.
  • See below for representative APR and representative example. Why is APR important? Details here.

Are there fees?

  • Fee of 2.5% of the loan amount (minimum of $500) is added to the loan amount and fully amortized.

How do I repay the loan?

  • The loan is repaid in monthly payments after your grace period has ended.
  • For full-time students the grace period is 6 months after classes end.
  • The repayment period is either 7 or 10 years, depending on your programme and application. If you wish to extend your offer to 10 years, please email info@prodigyfinance.com
  • There are no fees or penalties for early repayment!
  • What are my repayment options?

Is there a deadline to apply?

  • No, but try to submit an application at least one month before the loan needs to be disbursed to your school to ensure timely disbursement.

Are there nationalities Prodigy Finance cannot lend to?

  • Yes, unfortunately. While Prodigy Finance is able to lend to students from 150 nationalities, here is a list of the currently restricted nationalities.
  • Spanish nationals and permanent residents of Spain are ineligible. In addition, non-permanent residents who have lived and worked in Spain for 3 consecutive years prior to study are also, unfortunately, ineligible for funding at this time.

Learn More!

Would you like to hear from our current students who are using Prodigy Finance loans to fund their studies? There are quite a few in this video and you can get in touch with a few of them through our Ambassadors programme.

Still have questions? Contact us via email or read through our Frequently Asked Questions.

Representative Example

  • The below provides an example of a Prodigy Finance EUR denominated loan for the MBA programme.

Loan size: €40,000

Interest rate: 6.5% over 3-month Euribor (Libor varies over the duration of the loan. As of April, 11 2017 it's 0.00%)

Representative APR: 7.99% variable APR, factoring in all fees and the effects of compounding interest.

Fees: Administrative fee of 2.5%, or €1,000. This fee will be added to the total loan amount and fully amortized for a total credit of €41,000.

Duration: Repayment period of 7 years, plus the study period of 21 months and a grace period of 6 months = 111 months.

Total amount payable: €60,168.27

Amount of each monthly repayment: €716.29

  • The below provides an example of a Prodigy Finance USD denominated loan for the MBA programme.

Loan size: $40,000

Interest rate: 6.5% over 3-month USDLIBOR (Libor varies over the duration of the loan. As of April, 11 2017 it's 1.15567%)

Representative APR: 8.55% variable APR, factoring in all fees and the effects of compounding interest.

Fees: Administrative fee of 2.5%, or $1,000. This fee will be added to the total loan amount and fully amortized for a total credit of $41,000.

Duration: Repayment period of 7 years, plus the study period of 21 months and a grace period of 6 months = 111 months.

Total amount payable: $63,127.81

Amount of each monthly repayment: $751.52

Please note the following when you consider taking your loan:

Loans denominated in a currency other than the currency of your tuition and/or the currency of your post-Master degree salary, may be affected by fluctuations in foreign exchange rates. Prodigy Finance is not responsible for any differences in amounts that these currency fluctuations may cause, and does not benefit from any currency appreciation or depreciation.