FAQs

About Prodigy Finance

We operate online for borderless efficiency so do not have offices that you can visit. Our team is based in London, New York and Cape Town and are pleased to help you with any query. Please visit our Contact Us page for more information. We are also frequently on campus at our schools, visit our Events page to learn more.

Prodigy Finance was born in 2007, as the founders lamented the challenges faced by international postgraduate students in financing their business school degrees. From the outset, we have focused on social impact.

Traditional lenders use credit history to assess risk which varies from country-to-country and is rarely transferable if you move abroad. To resolve this and support students looking to study abroad, we developed a borderless risk algorithm using future earning potential, home credit history and many additional data points to create a unique and holistic profile of each applicant. This means we can offer cross-borders loans at competitive interest rates, without requiring collateral or a co-signer.

We’re sorry to hear this, please email us at complaints@prodigyfinance.com so we can work to address the problem. Our complaints policy can be found here.

Prodigy Finance raises funding for our loans from several investor sources, including community investors, institutional funding, and other private investors with an interest in higher education. These funds are sent directly to the education institution, via an Irish Stock Exchange listed bond. Click here to learn more.

Our pioneering credit model determines the creditworthiness of each application; and our credit committee assess numerous variables such as the school’s requirements, student’s credit history, outstanding liabilities, savings, pre-study salary and expected salary post-graduation amongst many others. As a result, the interest rate we offer is tailored to the individual applicant.

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