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Prodigy Finance FAQ: What factors go into in my credit decision rate and loan size?

Prodigy Finance - October 23, 2019

Interested in a Prodigy Finance loan? Here's your chance to learn more about your credit rate decision and loan size. Start with this short video; it might just answer all your questions.


What factors go into in my credit decision rate and loan size?


When making a credit decision, we take into account numerous variables to determine your loan affordability. We also look at factors such as school requirements, your current salary, outstanding liabilities, and whether or not you have a post-graduate job offer.

Our biggest difference, when compared to traditional loan providers, is that we take into consideration your future earning potential.

At Prodigy Finance, we understand the value of an international masters education and that you’re likely to earn more in the future than you do today. Or, if you don’t yet have an employment history, our data shows that you’ll earn more than you would without your degree.

We work closely with each of the supported schools to assess future earnings and use this information along with your current and past financial standing to provide you with a loan offer that you can afford post-graduation. In other words, we don’t just look at the past, we look forward based on our unique proprietary risk assessment model.

In determining the maximum loan amount, we also consider the policies of your school, their tuition or cost of attendance figures, and your budget alongside the loan amount you may qualify for. 

Have more questions about the Prodigy Finance credit decision process?

We’re here to help with any concerns you have regarding the Prodigy Finance loan approval process, your loan size and your credit rate decision.

If you any questions regarding Prodigy Finance, our loans, or the application process, feel free to send us an email on info@prodigyfinance.com or check our FAQs pages to see if your question has already been answered.

Interested in a Prodigy Finance Loan?

Prodigy Finance offers no cosigner, collateral-free loans to eligible international students attending supported universities across the globe. If you're considering postgraduate study, you might want to consider a Prodigy Finance loan.

Prodigy Finance Ltd is authorised and regulated by the Financial Conduct Authority.

Post updated for accuracy and freshness on October 22, 2019. Originally published on October 24, 2018.


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