Master’s loans starting from 6% fixed + 4.61%* variable interest rate
Student finance that gives you choice, control, and repayments based on your future earning potential
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ELIGIBILITY
Am I eligible for a master's loan from Prodigy Finance?
To apply for master’s loan, you’ll need to meet three basic requirements. Check eligibility.
Remember, you can get a quote before you’re accepted to your program. We’ll only need proof of admission when it’s time to finalise your loan.
COSTS
CALCULATE YOUR LOAN
* Excluding a USD 500 loan confirmation fee
** No payment due during grace period
What is the cost of a student loan?
We understand that investing in your education is a big commitment. While a master's degree can open doors to new career opportunities and higher earning potential, we know it's important to weigh the costs and benefits.
Our calculator helps you understand your total loan cost, monthly payments, and more.
Our loan costs include an admin fee and interest. Your interest rate is a combination of a fixed and variable rate, which can impact your overall repayment.
See disclaimer here.
HOW TO APPLY
How do I apply online?
Apply for a student loan through Prodigy Finance and take the next step in your education journey.
Step 1: Apply online
Register an account, and submit your applications for any of our supported schools.
Step 2: Get your offer
You'll receive a non-binding provisional offer valid for 14 days.
Step 3: Document verification
Accept your offer and upload your supporting documents. If successfully verified, you'll be matched to available funding.
Step 4: Loan confirmation
Once your funding has been allocated, you'll need to accept the offer to finalise your loan.
What happens after I’ve submitted my application?
Once you've arrived on campus and started your new journey, Prodigy Finance will assist you every step of the way. Here are the next steps to ensure a smooth transition:
Step 5: Complete final steps
Monitor your Prodigy dashboard and emails for any additional tasks needed before finalizing your loan agreement.
Step 6: Sign your loan agreement
Once you arrive on campus, you'll sign your loan agreement digitally. Funds are then sent directly to your school.
Spring into savings! Student loans from 11.54% APR*
What’s the catch? There isn't one! When we say no co-signer, no collateral and no hidden fees - we mean it!
FAQ
Who is eligible for a Prodigy Finance student loan?
What are the loan repayment terms?
Can I repay my loan early?
Can I apply without a co-signer or collateral ?
Share your story
Already part of the Prodigy Finance alumni? Sharing your journey can truly inspire and guide students who are about to start their own paths.
The Prodigy Finance Loan Calculator (the “Calculator”) is provided for informational purposes only and may be used as a general guide only and is provided "as is". In addition to liability clauses in the Terms of Use, which also governs the display and use of the tool, Prodigy Finance Ltd make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability of the tool or the information it provides and is not responsible or liable for any errors in or omissions from the tool and the results provided. The Calculator may only be used for your personal use and may not be used for any commercial or business purposes. The results do not constitute an offer for a loan or imply in any way that the user of the Calculator will be eligible for a loan with Prodigy Finance or will receive a loan offer from Prodigy Finance, if they apply. The calculation does not include all mandatory fees usually charged by Prodigy Finance or take into account any changes to the interest rate or any missed, short or additional payments made on a loan.
*Loan and promotion offers are subject to our eligibility, funding, and credit assessment criteria.
*13.38% APR representative variable, based on a total credit amount of USD 41,600 (USD 40,000 amount borrowed + 4% admin fee), repayable over 180 months at a variable interest rate of 12.34% (7.73% fixed + 4.61% variable). Monthly repayment of USD 665. Total amount payable USD 119,700.
