How Prodigy Finance helps Indian students study abroad without a co-signer or property

Studying abroad is one of the biggest dreams for many Indian students, especially those aiming for postgraduate degrees in engineering, data science, STEM, business and public policy. For thousands of talented students, the biggest roadblock is not admissions, test scores or visas.

It is funding.

In India, traditional education loans often require either:

• A co-signer with strong income and credit history, or

• Property based collateral such as land, a house or fixed assets

For students from salaried, middle income or single income families, or those who do not want to risk their parents’ assets, these requirements can become deal breakers.

That is where Prodigy Finance stands out.

Prodigy Finance’s international student loans are built differently, with no collateral, no property pledge and no co-signer required.*

This guide explains how Prodigy Finance helps Indian students pursue their master’s abroad independently, how the loan process works and how you can check your eligibility.

Why co-signers and collateral are barriers for Indian students

Before exploring how Prodigy Finance solves these challenges, it helps to understand why traditional loans are often difficult.

1. Co-signers are not always available

Banks typically ask for a parent or relative with:

• Stable high income

• Strong credit scores

• Clear financial documentation

• Existing banking relationships

Not every student has someone with this profile. Many students also prefer not to burden their parents with financial risk.

2. Property collateral is restrictive

Many Indian banks ask for:

• Residential property

• Commercial property

• Land with registered valuation

Families renting homes or living in jointly owned property often cannot meet this requirement. Even when collateral is available, long verification timelines can delay the loan.

3. High paperwork and slower processes

Traditional loans may require:

• Income tax returns

• Bank statements

• Property documents

• Guarantor KYC

• Valuation and legal reports

Students working with tight admission or visa timelines often struggle to keep up with this.

4. Risk to family assets

If anything goes wrong, such as delays in job search, currency fluctuations or career transitions, families bear the risk. No student wants their education loan to threaten their parents’ financial security.

How Prodigy Finance removes these barriers

Prodigy Finance designs its loans around a different idea, funding international students based on their future earning potential, not their family background or property.*

Here is how that works.

1. No collateral required

You do not need to pledge:

• A house

• Land

• Gold

• Fixed assets

• Investments

This removes valuation delays and removes the risk to family property.

2. No co-signer required

Your loan is based on your own:

• Academic background

• University and programme

• Future earning prospects*

• Expected post study outcomes

This removes pressure on parents or relatives and helps you fund your degree more independently.

3. Support for students from 120+ countries at globally top universities

Prodigy Finance’s footprint includes master’s programmes in:

• USA

• UK

• Europe

• Canada (select programmes)

• Asia

Indian students can fund degrees in business, STEM, analytics, engineering, public policy and more.

4. Future focused lending model

Instead of evaluating property, Prodigy Finance considers:

• Global job opportunities

• Salary outcomes for your programme*

• Earning potential after graduation

• Worldwide employment mobility

This is one reason why many STEM and business programmes at respected universities are widely supported.

5. Fully digital, fast application process

Everything, from eligibility check to loan signing, is online.

No branch visits. No collateral documents. No guarantor paperwork.

6. Loans sent direct to school

Your tuition is paid directly to your university when we send the funds to your school.

Eligible living expenses can also be included depending on your school’s cost of attendance (COA).*

7. Repayments begin after your grace period

You do not start repayment immediately. You have time to settle, begin your job search and build financial stability before you make your first repayment.

What types of Indian students benefit most from Prodigy Finance?

Prodigy Finance is especially helpful for:

• Students without access to property as collateral

• Students whose parents cannot co-sign or prefer not to

• Working professionals who want financial independence

• Individuals seeking faster, simpler approvals

• Students admitted to globally competitive universities

Many awardees are first generation graduate students studying abroad.

Eligible degree types for Indian students

Prodigy Finance supports master’s level programmes (taught, STEM, business and professional). This includes:

STEM degrees

• Computer science

• Data science

• Artificial intelligence and machine learning

• Engineering (all major branches)

• Robotics

• Cybersecurity

Business school degrees

• MBA

• Master’s in management (MiM)

• Master’s in finance

• Supply chain and operations

• Business analytics

Other postgraduate degrees

• Public policy

• Economics

• International affairs (select programmes)

• Information systems and technology

If your programme is part of Prodigy Finance’s approved footprint, you can explore funding straight away.*

How much loan can Indian students get?

Loan amounts are linked to:

• University cost of attendance (COA)

• Tuition fees

• Living cost estimates

• Your financial and academic profile*

• Any scholarships you already hold

Many students fund up to the full COA, depending on eligibility.*

Your official loan amount is confirmed once you receive and sign your final loan agreement.

How the no co-signer, no collateral loan process works

Here is how Indian students typically secure their Prodigy Finance loan.

Step 1: Check your eligibility

This usually takes only a few minutes and does not affect your credit score.*

Step 2: Choose your university and programme

You select your exact degree title and intake term so that your offer can reflect your real cost of attendance.

Step 3: Upload supporting documents

Common documents include:

• Passport

• University admission letter

• Academic marksheets

• CV or résumé

• Salary slips (if applicable)

No collateral or co-signer documents are needed.

Step 4: Receive your final loan offer

Your final loan agreement confirms:

• Loan amount

• Interest details (APR)*

• Any fees that apply*

• Disbursement plan

Step 5: Secure your visa with proof of funds

Your Prodigy Finance loan can support visa proof of funds requirements. Many Indian students use their loan letter to support I-20, CAS or European visa applications.*

Step 6: Funds sent to your university

Your loan disburses directly to your school when we send the funds, following your university’s timelines.

Why so many Indian students choose Prodigy Finance

Here are the most common reasons Indian students say Prodigy Finance helped make their plans possible.

1. Independence from family financial pressure

You can fund your education without asking your family to take on collateral or co-signer obligations.

2. Faster approvals

Digital processing helps you keep pace with tight admission, fee payment and visa timelines.

3. Flexibility for aspiring global professionals

The lending model accounts for international hiring and career mobility, not only local opportunities.*

4. Tailored for high potential master’s students

If you are pursuing a well regarded degree at a strong university, your future earnings help shape your loan terms.*

5. A community of Indian students worldwide

Prodigy Finance has supported thousands of Indian students at top global universities. Many join alumni networks and communities that share career tips and real life experiences.

A student first checklist: are you a good fit for Prodigy Finance?

You can use this quick checklist to decide whether Prodigy Finance is worth exploring.

You are:

• Planning a master’s abroad

• Keen to study without a co-signer

• Not willing or able to pledge property

• Admitted, or hoping to be admitted, to a supported university (MBA, STEM, business, analytics or related)

• Interested in a loan based on future earning potential, not only current family assets*

If this sounds like you, Prodigy Finance may be one of the most flexible funding paths for your postgraduate journey.

Ready to check your eligibility?

You can explore a personalised loan estimate in minutes, based on your school, programme and profile.*

Check your eligibility

Final thoughts

Indian students have the ambition, capability and drive to excel at the world’s top universities. The biggest hurdle for many is not talent, it is the financial system.

Prodigy Finance aims to remove that barrier. With no co-signer, no collateral, a fully digital process and a model designed around global careers, it opens doors for students who want to build their futures on their own terms.

If you are planning your master’s abroad, the path forward may be simpler than you think, and your journey can start today.