Fund your studies abroad with an MBA loan
Want to finance your MBA from abroad? Check out what Prodigy Finance India can offer you. Join an event or learn more now.
An MBA isn’t for everyone, but if you’ve decided it’s the right path to your future, one of the first questions you’ll have is how to pay for it.
That’s doubly true when considering an MBA abroad as you’ll need proof of full funding before your course begins to secure your international study visa.
If you’re planning to study abroad, it’s never too early to begin looking at your finances.
Still in the planning stages?
These guides provide information on MBA costs, return on investment (ROI) and step-by-step instructions for MBA applications:
Study abroad MBA funding options
MBA loans from local banks and NBFCs
Even though you’re planning to study abroad, the first place you’ll probably look for a loan is your local bank.
Depending on the lending regulations and norms in your country, you may find loans from both local banks and non-banking financial companies (NBFCs). Even if you choose another loan option, it’s worth getting more information, if only to compare loan products with one another.
In some countries, like India, lenders may require collateral or co-signers to avail loans. Students sometimes experience difficulties providing one or both and look elsewhere for financing.
Want to learn more about local banks and NBFC loans?
Loans from banks in your host country
Ready to compare international student loans?
These guides explain the critical loan terms and information you need to know.
International student lenders
Another loan option exists for MBAs that want to study abroad. International lenders - like Prodigy Finance - ensure international students have access to funding. These options are especially helpful when other funding sources aren’t available or accessible. However, many international MBAs have chosen to work with Prodigy Finance even when they have other options available.
How to avail a Prodigy Finance loan
Want to know more about Prodigy Finance loans?
These guides explain Prodigy Finance loan benefits and what to expect at each step of the application process.
Everything you need to know about your loan
How long does the application process take?
Ready to get a Prodigy Finance loan?
Prodigy Finance Ltd is authorized and regulated by the Financial Conduct Authority.
What next? Find out more about Prodigy Finance’s education loans, required documents, or check out the list of schools we support.
For any other information about Prodigy Finance, or our student loan process, feel free to check out or browse our site, or register for a webinar to have your questions answered by one of our team.
Post updated for accuracy and freshness on February 13, 2020. Originally published on November 18, 2015.
