Getting ready for the visa: how Prodigy Finance loans strengthen your proof of funds
Getting ready for your student visa? Learn how Prodigy Finance education loans can strengthen your proof of funds, align with your university’s COA, and support a smoother visa process.
Preparing for your student visa is one of the final and most exciting steps in your study abroad journey. Whether you are heading to the USA, the UK, Europe, Canada or another global destination, you will need to demonstrate that you can afford your tuition and living expenses for the duration of your programme. Proof of funds is essential for this step.
For many international students, gathering these documents can feel overwhelming, especially if you are still securing your finances, waiting for scholarship results or navigating fluctuating exchange rates. A Prodigy Finance loan can make this part of the process clearer and more student friendly.*
This guide explains how proof of funds works, how your Prodigy Finance loan strengthens your application and what you can expect as you prepare your documents for the visa officer.
Why proof of funds matters
Every country’s immigration office requires a financial guarantee before issuing a student visa. Proof of funds shows that you can cover:
Tuition fees
Living costs
Insurance and mandatory programme fees
Any personal expenses outlined by your university
Strong financial documentation plays a key role in your visa outcome and can help you avoid delays, rejections or requests for more information.
Understanding proof of funds: what visa officers look for
Although each country has its own rules, visa officers usually focus on three things.
1. Clear evidence that your funds are real and accessible
You must show money that is available to you, either through bank statements, loans, scholarships or a combination.
2. Enough funding to match the school’s cost of attendance (COA)
Universities outline a COA that includes tuition and living expenses. Officers cross-check your documents against this figure.
3. Stability and authenticity
Well-structured and verifiable documents strengthen your application. A clear funding source reduces questions and follow-ups.
How Prodigy Finance helps: a strong, verifiable funding source
Prodigy Finance loans are designed for international students. Once you accept and finalise your loan offer, your documentation becomes a reliable financial record that can support your visa application.*
Here is how it helps.
1. Your final loan agreement clearly outlines your approved funding
Once your loan is approved and you sign your agreement, you receive documentation that shows:
The approved loan amount
The programme and school supported
The conditions of your loan
This is widely accepted as financial evidence because it shows a confirmed and credible source of funding. Your loan also aligns with your school’s COA, which keeps your financial plan clear and consistent.*
2. Funds are disbursed direct to school
Prodigy Finance sends funds directly to your university when we send the funds to your school. This ensures:
Transparent financial flow
No need to move or convert large sums yourself
Reduced risk of errors in bank statements
Visa officers value clean, institution to institution transactions.
3. No collateral or co-signer required
Many students from middle income families do not have access to collateral. Prodigy Finance removes that barrier.*
Your loan is based on:
Your academic background
Your university and programme
Your future earning prospects*
Expected post study outcomes
This creates a simpler financial profile because your loan does not depend on pledged assets or a co-signer.
4. Your visa timeline fits the online loan process
Visa preparation involves several deadlines, such as:
Confirming your admission
Arranging finances
Uploading documents
Scheduling your visa appointment
Prodigy Finance’s online process supports these steps. You can:
Check eligibility in minutes*
Submit documents digitally
Receive updates quickly
Complete your loan agreement securely from anywhere
This helps you stay aligned with your university’s timelines for issuing CAS, I-20 or other visa related forms.
5. Repayments begin after your grace period
Many visa authorities expect you to have financial stability during your course.
With Prodigy Finance:
Repayments begin after your grace period
You have time to graduate, settle in and start your career before repayment begins
This supports stronger long term financial planning and reassures visa officers.
6. Helps you bridge funding gaps left by scholarships or savings
Many students combine funding sources such as:
Partial scholarships
Personal savings
Assistantships
Tuition deposits
A Prodigy Finance loan can support the remaining part of your COA, helping you present a complete and balanced proof of funds package.*
7. Loan amounts align with the university’s COA
Loan amounts are based on your school’s published COA. This ensures your documents match the financial expectations of both your university and the visa authorities.
8. A recognised global brand among international universities
Top institutions around the world work with students funded by Prodigy Finance. Admissions and financial teams are familiar with the structure, which adds clarity and credibility to your visa package.
9. A clear and transparent loan structure
Visa officers prefer documents that are easy to interpret. Prodigy Finance loan documents clearly show:
Interest structure
Amount approved
Term length
School details
This transparency reduces confusion or requests for clarification.
How to use your Prodigy Finance documents in your visa application
Follow these steps as you prepare your proof of funds.
1. Finalise your loan agreement early
Sign your loan agreement once you are comfortable with the terms.* You will receive the documents needed for your visa file.
2. Download your final loan confirmation
This becomes a key proof of funds.
3. Combine it with other financial documents
Depending on your country, you may also need:
Bank statements
Scholarship letters
Tuition receipts
Fixed deposits or savings certificates (if applicable)
4. Ensure the total meets your school’s COA
Add all funding sources and confirm they meet or exceed the COA.
5. Present a clear financial summary
Visa officers appreciate organised documentation. Include:
A financial summary page
Your Prodigy Finance documents
Supporting bank statements or awards
6. Prepare to answer simple questions during the interview
You may be asked:
How are you funding your studies
What portion is loan versus savings
Your Prodigy Finance loan documents make these answers straightforward.
A student first checklist for proof of funds
Use this as you prepare:
Have I signed my Prodigy Finance loan agreement
Have I downloaded my final loan confirmation
Have I checked my university’s COA
Do my funding sources add up to the COA
Have I organised bank statements and scholarship letters
Do I have a clear financial summary page
Have I checked visa specific proof of funds rules for my country
Ready to strengthen your visa application?
You can check your eligibility in minutes and explore a personalised estimate for your student loan, fully online.*
Final thoughts
Securing your visa is an important milestone, and strong financial documents help make the process smoother and more predictable.
Your Prodigy Finance loan can play a central role in building a confident proof of funds package. With clear documentation, global credibility and a student first lending model, you can focus on the next step of your journey: preparing to study abroad.
This guide provides general guidance only and should not be regarded as official or legal information. We encourage you to check the relevant government or official website for up to date requirements.
