Go back

Prodigy Finance FAQ: When will I sign my loan agreement?

Prodigy Finance - November 14, 2018

Interested in a Prodigy Finance loan? Here's your chance to learn more about when you'll sign your Prodigy Finance loan agreement.

When will I sign my Prodigy Finance loan agreement?

After receiving and accepting a Prodigy Finance provisional loan offer, you’ll need to upload supporting documents to backup the information provided in the initial application. Once this step is complete, your loan will be finalised and you’ll receive your Prodigy Finance loan letter which can be used to show proof of funding to your university and immigration officials.

However, you’ll only sign your loan agreement closer to the start of your programme. There are a couple of reasons for this:

  • The policies of some schools don’t permit Prodigy Finance funds to extend beyond a certain amount (i.e. a percent of the tuition costs) and stipulate that scholarships or similar forms of support be subtracted from that amount.
  • If you secure scholarships after the finalisation of your Prodigy Finance loan, but before signing the final agreement, you’ll have a chance to reduce your loan amount in alignment with your university’s policies. (Plus, you’ll reduce your post-graduate debt burden.)

So when will you sign your loan agreement?

Prodigy Finance: When will I sign my loan agreement

Once your loan has been approved, your funds have been secured for you. Your loan agreement will be available for you to sign about a month prior to the start of your classes

Depending on where you are in the world, you are able to sign from your home country, or you can sign as soon as you arrive in your new country of study. 

If you are going to a school in the US, your loan will be sent to the school for certification prior to disbursement to make sure the school is ready to receive your funds.

Want to know more about signing your Prodigy Finance loan agreement?


If you still have questions regarding your Prodigy Finance loan agreement, 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.


Related Articles

Prodigy finance looks at uk visa regulations for international mba students

Current UK visa regulations for international MBA students

Katie Schenk - January 17, 2019

If you’ve shortlisted a UK MBA programme as one of your top choices (or perhaps a few different... Continue reading

Stanford gsb school spotlight

Spotlight on Stanford Graduate School of Business

Prodigy Finance - January 09, 2019

Ready to learn everything you need to know about business masters degrees at Stanford GSB? You're... Continue reading

International student bank account

Getting a bank account as an international student

Katie Schenk - January 08, 2019

Headed overseas for your masters? Expect one of the most incredible experiences of your life. The... Continue reading

20 in the process 12 what should be in your mba budget

What should be in your MBA budget?

Katie Schenk - January 02, 2019

If you’re busy studying for your GMAT, there’s something else you should be doing too. Now is... Continue reading

Follow us