Applying for a Prodigy Finance loan: The full process, timeline and documents for Fall 2026

You've got your school offer. Now you're deciding whether to actually go ahead and apply for financing, and that decision gets a lot easier once you know exactly what the process looks like. Here's every step, what it takes, and roughly how long each part runs for the Fall 2026 cycle.

Before you start: what Prodigy Finance checks

Prodigy Finance lends to international postgraduate students without a co-signer or collateral, based on your future earning potential rather than your current assets or credit history. Before anything else, the eligibility check verifies three things:

• Is your university supported?

• Is your study country supported?

• Are you from a supported country?

Which schools, destinations, and nationalities are supported can shift from one intake to the next, as funding conditions change. Checking directly is the fastest way to get a definite answer for your situation.

Step 1: The eligibility check

The first step is a short form, just your name, email, and mobile number, that gives you an initial read on your eligibility in about 10 seconds. It's non-binding and won't affect your credit score.

Step 2: Your provisional offer

Once you complete your full online application, you'll receive a personalised provisional offer in around 15 minutes. We'll do a soft check on your credit history, which doesn't affect your credit report. This offer is non-binding and stays valid for 14 days, giving you time to think it over before you commit to anything.

Step 3: Document verification

After you accept your provisional offer, your dashboard will show a set of verification tasks. These typically cover:

• Proof of identity. A quick, guided identity check completed on your dashboard.

• Proof of address. A document showing your name and current residential address.

• School admission confirmation. Verifying you've been accepted to the school, course, and intake listed in your application.

• Income information, where applicable. Depending on your employment history, you may be asked to confirm current or future income.

A few general rules apply across all documents: keep them clear and legible, upload in a non-editable format such as PDF, JPEG, or PNG, make sure your full name is visible, and include a visible date where relevant. If a document isn't in English, you may need a certified translation.

Once your documents are successfully verified, you'll be matched to available funding.

Step 4: Loan confirmation

Once your funding is allocated, you'll accept your offer and pay a USD 500 processing fee to finalise your loan. This is the only upfront fee you're required to pay.

Steps 5 and 6: Final steps and signing your agreement

From here, keep an eye on your dashboard and your email for any remaining tasks. Once you arrive on campus, you'll sign your loan agreement digitally, and Prodigy Finance sends your funds directly to your school.

How much can you actually borrow?

Prodigy Finance loans can cover up to 100% of your total cost of attendance, up to a maximum of USD 220,000*, with no collateral required. Your specific amount depends on your school's approved cost of attendance and your individual assessment.

Rates carry a representative APR of 13.23%*, which already includes a mandatory in-school payment of USD 100 a month while you study. This is factored into your rate rather than charged as a separate fee, and it works in your favour by reducing the interest that would otherwise build up before you graduate.

Got questions before you apply?

If you're still weighing up your options, you can reach out on WhatsApp for quick answers before you start. Responses on this channel are generated by AI and may not always be complete, so for anything account specific, email info@prodigyfinance.com directly.

FAQs

Ready to see where you stand?

If you've got a school offer and you're deciding whether to apply, checking your eligibility is the natural next step. It takes about 10 seconds and won't affect your credit score.

*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.