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Prodigy Finance FAQ: When and how will I get my proof of funding?

Prodigy Finance - November 04, 2019

Interested in a Prodigy Finance loan? Here's your chance to learn more about the Prodigy Finance loan letter and when you'll receive yours.

Want a quick answer? This short video explains it for you:

When and how will I get my proof of funding

As international masters students need proof of funding to secure their visas, one of the biggest questions is whether Prodigy Finance loan confirmation letters can be used to demonstrate financial proof. (They can.) 

And the next question is often, when your Prodigy Finance loan confirmation letter will be available.

This is what you need to know.

Prodigy Finance FAQ: When and how will I get my proof of funding?

If you have received a Provisional Offer from Prodigy Finance, you’ll find a loan confirmation letter on your dashboard that you can download. 

However, you will see that the wording in the letter is that the loan is conditionally approved. As soon as you have provided us with the required supporting documents, we will fully approve your loan. At that point, you’ll receive a loan confirmation letter stating that we have approved your loan. 

So, the sooner you’re able to provide us with the supporting documents, the sooner you’ll receive this letter. 

If you’ve also asked for a second-year loan, the loan confirmation letter will confirm the pre-approved amount as well. 

Can my Prodigy Finance funding be used as proof of funding for my student visa?

Once you have completed all the steps on your dashboard, and your loan offer has been confirmed, an electronic copy of your loan confirmation letter will be uploaded to your dashboard. This loan confirmation letter can be used to support your visa application and can also be used as a financial guarantee for the school. 

The entire process is done online, and this loan confirmation letter is also electronic. 

However, if you do need a hard copy, you can request this from us. After paying a £25 fee, we will courier a hard copy of your loan confirmation letter to you.

Can my Prodigy Finance funding be used as proof of funding for my student visa?

Interested in learning more about international student visas? These guides will get you on your way:

Have more questions about the Prodigy Finance loan letter and when you'll receive yours?

We’re here to help with any additional concerns you have regarding the loan application process; if you any questions regarding Prodigy Finance, our loans or the steps you'll need to complete in your application, 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 November 4, 2019. Originally published on October 10, 2018.

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