Open doors to a brighter future with Prodigy Finance student loans!
Starting from 10.33%* interest rate with repayment terms that put your goals first.
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No co-signer, no collateral
Borrow up to $220,000* with no collateral and no hidden fees.
Fast online application
Complete the application in minutes on any device.
Repayment Grace Period
Start repayments 6 months after graduation*
What is a no co-signer loan?
At Prodigy Finance, we believe in you. That’s why, we base our no co-signer loans on your future earning potential. No credit record? No problem. With no need for credit history, collateral, or a co-signer, our loans are flexible, accessible, and tailored to your goals—empowering you to fund your education and invest in your future on your terms
Benefits
Benefits of no co-signer loans
Our loans give you the freedom to apply independently, making it an ideal option for students who prefer not to involve others in their finances. These loans are based on your future earning potential, so you don't need extensive credit history or collateral to qualify
Prodigy Finance’s no co-signer loans remove barriers to funding, helping you access the education you deserve and focus on achieving your academic and career goals.
Own your loan, your way
With no co-signer required, you apply independently, giving you complete ownership of your loan.
Unlock funds based on your potential
Your loan is based on your future earning power, allowing you to secure funding even without a credit history or collateral.
Ready to take the next step?
Start your journey today, with a no co-signer master's loan starting from 10.33%* interest
Comparison
Feature | No Co-signer Loans | Co-signer Loans |
|---|---|---|
Interest Rate | Tailored to individual borrower | Often lower, supported by the co-signer’s financial profile |
Loan amount | Determined by your personal profile and earning potential | Potentially higher with a co-signer’s backing |
Application process | Faster, without co-signer input | Includes co-signer review |
Approval rate | Based solely on your academic and career potential | Often higher with added commitment from a co-signer |
Responsibility | Full responsibility lies with the borrower | Shared between borrower and co-signer |
Grace period | 6 months after classes end for full-time studies | USD 100 monthly payment (30 months) |
Collateral needed? | No | No |
Initial monthly payment while studying | No payment required while studying | USD 100 (fixed) |
HOW TO APPLY
How can I apply without a co-signer?
Applying for a student loan without a co-signer is simple and stress-free with our easy online process!
Just follow these steps, and we’ll guide you every step of the way. Our no co-signer or collateral loans, and seamless application process ensures you get the funding you need to achieve your dreams!
Step 1: Apply online
Register an account, and submit your application for any of our supported schools. No proof of admission is needed to apply—you’ll provide it later during loan verification.
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, 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?
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 final tasks that are needed before finalising your loan agreement. We’ll ensure that everything is in place for you 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. Funds are then sent directly to your school.
FAQ
Who is eligible for a Prodigy Finance no co-signer loan?
What are the benefits of applying without a co-signer?
What documents do I need?
What are the loan repayment terms?
Can I repay my loan early?
What are the benefits of choosing Prodigy Finance?
*Loan and promotion offers are subject to our eligibility, funding, and credit assessment criteria.
*Loan amounts are subject to the cost of attendance limits set by schools.
*6 month repayment grace period after graduation is only applicable to full-time students. For part-time students, repayment starts 3 months after loan disbursement.
*APR 12.51% 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 11.52% (7.19% fixed + 4.33% variable). Monthly repayment of USD 626.40. Total interest payable USD 72,752.09. Total amount payable USD 112,752.09.
