Apply for a Loan


To receive a loan you must be admitted to a school and program that we support. Click here to explore our schools.

We provide loans to students who want to study abroad, so your chosen school must be located outside your country of residence and “home country” (if different) when you apply for a loan. There are some exceptions:

  • If you have lived in your study country for less than 1 year when you apply for a loan, you are eligible
  • U.K. residents are eligible to study in the U.K.
  • U.S. residents are eligible to study in the U.S. if you are living in an eligible state and are not a U.S. citizen or permanent resident when you apply for a loan (see ineligible states below)

We lend to students from around 150 countries, however there are some countries, regions and U.S. states that we are unable to lend to.

We cannot to lend to residents and/or citizens of the following countries and regions:

Aland Islands
Bonaire, Sint Eustatius and Saba
Bouvet Island
British Indian Ocean Territory
Cape Verde
Christmas Island
Cocos (Keeling) Islands
Equatorial Guinea
Falkland Islands
French Southern Territories
Korea, Democratic People's Republic Of
North Korea
Palestinian Territory, Occupied
Papua New Guinea
Saint Barthelemy
Saint Helena, Ascension and Tristan da Cunha
Saint Kitts and Nevis
Saint Lucia
Saint Martin (French part)
Sao Tome and Principe
Sierra Leone
Sint Maarten (Dutch part)
Solomon Islands
South Georgia and the South Sandwich Islands
South Sudan
Svalbard and Jan Mayen
Taiwan, Province of China
Turks and Caicos Islands
The Crimea Region of Ukraine
United States Minor Outlying Islands
Vatican City
Western Sahara

We cannot lend to residents of Belgium, Sweden, Trinidad & Tobago.

We cannot lend to residents of the U.S. states of Alabama, Arizona, Arkansas, Delaware, Hawaii, Idaho, Indiana, Louisiana, Maine, Montana, Nevada, North Dakota, Oregon, Rhode Island, South Dakota, Vermont, Washington or Wyoming. 

We currently support 328 schools at 155 universities and are expanding all the time. Select your Program from the links below to browse a full list of universities. Alternatively, if you are not admitted to a school yet, click here to search by region using our interactive map.



Public Policy




Application Process

Many of the schools that we work with will require you that you have a test score to be admitted. The most common tests are GMAT, GRE or specific school admission test. Please enter this score in your application and clarify which test your score is for, in the 'Additional Information' field at the end of the application. 

You’ve been accepted into grad school – congratulations! Now it’s time to secure your funding.

Creating an Application: Check that we support your school, then register, start and submit your application, all through our online platform.

Application Review & Provisional Offer: If your application is successful we’ll review and respond with a Provisional Offer instantly, though this can take up to 5 days. To understand how we make our credit decisions, click here.

Verification: Next we need to verify the information you provided in your application; to do this we will request that you upload supporting documents.

Loan Approved: Congratulations! After successful verification you will receive a Loan Agreement Letter. You may use this document as proof of funds in your visa application.

Signing your Loan Agreement: We will contact you once you arrive in your country of study to e-sign your agreement. It will be counter-signed by Prodigy Finance, making the agreement binding on both parties.

Disbursing funds: We will disburse the funds directly to your school, removing all hassle so you can focus on getting to campus.

Study and Grace Period:

• Full time students: repayment begins 6 months from class end date

• Part time students: repayment begins 3 months from final disbursement date

Loan Repayment: Your loan agreement will state the date that your first repayment is due, and you will receive monthly statements with the exact repayment amount due. For more information on loan repayment click here.

Click Apply Now to register, authenticate your email address, and login to begin your application. The application form has 8 stages and will take around 30 minutes to complete:

  1. School and Class: Select the school you’re admitted to, and the class (academic period) that this application is for. Each academic period requires a separate application (click here to learn more)

  2. Personal Info: Provide your personal details and contact information.

  3. Residential Info: Provide your residential information.

  4. Budget: Tell us how you plan to fund your study period.

    1. First of all, check your Cost of Attendance (the maximum amount you can borrow) by visiting your school’s dedicated loan term page. If your course sits within the business school, we can lend up to 80% of Cost of Attendance. For all other STEM courses, we can lend up to 100% of Cost of Attendance. Cost of Attendance is defined as tuition fees plus living expenses, as approved by the university.

    2. If your course has multiple study periods, we will need to see how you plan to fund the study period you are applying for, as well as your entire course.

    3. Outline the amounts you plan to use from each funding source: scholarships, company sponsorship, requested loan from Prodigy Finance, any loans from other lenders (if yes, provide details), and savings or gift contributions from family / friends. Our platform will automatically change any currency you input into the currency of your loan.

    4. The budget summary will automatically update to display the amounts listed in your funding sources. If the sum of these match your Cost of Attendance you have completed your budget and can move forwards. If you have any ‘Outstanding Funds’ remaining you will need to increase your funding source amount before you can progress.

  5. Income: Provide details of your pre-study employment and income, note that this information will need to be verified with supporting documents later in the process. If you are an existing borrower applying for another period, this information should not change. If you were previously unemployed, provide details from your last employment and share what you have been doing since it ended.

  6. Liabilities: Provide details of existing debt that will not be used to support your studies, such as credit card debt, personal loans, mortgage or auto loans amongst others. We will need to see the source and repayment terms for each.

  7. Assets: Provide details of property and assets for which you are the sole named owner or co-signatory. You do not need to include assets in the name of other family members.

  8. Additional Info: Almost finished! Use this space to give us information that you consider important in your application and that you have not been able to mention before.

Can you view a summary of your application and when you’re ready, hit ‘Submit’!

If your program is made up of multiple academic periods, then you will need to create a new application for each academic period. In the U.S. this is because your school may need to certify each period, and as a responsible lender we will need to assess your affordability before each new period.

Your application details will be saved, but you will need to review that all details are still correct. In particular the budget section: ensure that you are careful about taking on additional debt, keep your credit profile in good order and ensure you have proof of any non-debt funds allocated to future academic periods. Your Cost of Attendance may have changed at the school's discretion.

We may 'pre-approve' a loan amount for a future period. If you wish to apply for a higher amount then watch this video:


After you’ve accepted your Provisional Offer you will be prompted to upload documents to support information provided in your application. To speed loan processing we suggest having these documents ready when you apply:

Proof of Identity

Proof of Admission

Credit Report

Proof of Address

Proof of Income

Proof of Savings (if applicable)

Proof of Scholarships or Company Sponsorship (if applicable)

Financial Aid Form (if applicable)

Language translation and currency conversion: We anticipate your documents will be in your local language but please note that certified English language copies will speed up the application process. In most cases our in-house servicing team will be able to translate and currency convert your documents, but in the rare instance where a translation is required, we will let you know.

Tasks requiring multi-file upload: To upload multiple files, attach them via the pop-up interface and submit all of them together. If your task locks, please email info@prodigyfinance.com.

Task deadlines: We understand that you may experience difficulty obtaining some documents within the desired timeframe and therefore we are able to extend the deadline if you contact us in advance. We reserve the right to withdraw your loan offer if you miss the deadline and we do not hear from you.

Proof of Identity

Acceptable documents: Passport or Drivers’ License in a clearly readable format. A colour scan of the identification page is sufficient, we do not need to see a copy of every page. If you carry more than one passport, please ensure they are all provided.

Uploading your picture: a high-quality image clearly showing your face.

Proof of Admission:

Acceptable documents: Letter or email from your school showing your full name, school, course and that you have been accepted. A screenshot or scan is acceptable in these formats: jpg, jpeg, png and pdf.

Credit Report:

Please click here to learn more.

Proof of Address:

Acceptable documents: Utility bill, bank statement, official government document. The document must state your name and residential address matching what you stated in your application, and be dated within the last three months.

If you’re struggling to prove your address please watch this video.

Proof of Income:

Acceptable documents: Three months’ salary slips (dated within the last six months) and one corresponding bank statement (screenshots or unofficial statements will not be accepted)

If you're self-employed or can't provide salary slips, watch this video.

Proof of Savings (if applicable):

Acceptable documents: Official savings or investment account statements of the person(s) making the contribution or gift. The statement must show available funds for the amount listed in your application.

Family contribution or gift: the person(s) making the contribution will need to complete this form and upload to your dashboard in addition to providing the statements.

Pre-payments to the school: if you have already made payments to the school, these can be included as part of your Proof of Savings. Please upload transfer receipts or a paid invoice from the school with the accompanying bank statement showing the outgoing payment from your account.

Proof of Scholarship / Company Sponsorship (if applicable):

Acceptable documents: A letter on official letterhead from the source of the scholarship / sponsorship confirming the amount and that you are the recipient.

Financial Aid Form (if application):

As part of U.S. school certification (where the school confirms a borrower’s eligibility for a loan), some of the schools that we work with will require you to complete a Financial Aid Form. Please contact the Financial Aid team at your school to obtain and complete this.

Even if you have never taken out credit before, it’s important to provide us with a credit report. The process for obtaining a credit report differs in each country, we have listed some links below to help you. Some of these options may no longer be available, in which case please visit your bank for guidance or email us at info@prodigyfinance.com for support.

Argentina - http://www.veraz.com.ar OR http://www.experian.com.ar

Armenia - http://www.acra.am

Australia - http://www.mycreditfile.com.au OR http://dnb.com.au

Azerbaijan - Centralized Credit Registry Service Of Central Bank Of The Republic Of Azerbaijan. Please contact your local bank for instructions on how to obtain this document.

Bahrain - https://www.benefit.bh

Bangladesh - http://www.bangladesh-bank.org

Belgium - http://www.nbb.be

Brazil - http://www.serasaconsumidor.com.br/ (select the option "Serasa AntiFraude")

Bulgaria - Central Credit Register of the Bulgarian National Bank

Canada - http://www.transunion.ca OR http://www.consumer.equifax.ca

Chile - http://www.dicom.cl

China - People's Bank of China (ID card required)

Colombia - https://www.datacredito.com.co OR http://www.colconectada.com/consultar-cifin

Costa Rica - http://www.equifax.com

Cote d'Ivoire - https://backcheckgroup.com/shop/governance-risk-and-compliance-checks/personal-credit-report-cote-divoire/

Czech Republic - Czech Banking Credit Bureau OR CreditInfo Czech Republic

Denmark - http://www.experian.dk

Dominican Republic - Transunion OR DataCredito

Ecuador - http://www.equifax.com

Egypt - Egyptian Credit Bureau (You will need to visit any of the member banks with your national ID card.)

El Salvador: http://www.equifax.com/home/es_sv

Estonia - http://www.krediidiinfo.ee

France - http://www.experian.fr

Georgia - http://www.creditinfo.ge

Germany - https://www.meineschufa.de

Ghana - http://www.xdsdataghana.com

Greece - http://www.tiresias.gr

Guatemala - please reach out to us at info@prodigyfinance.com to request our assistance

Honduras - https://www.transunion.com.do/ICS/pages/home.xhtml

Hong Kong - http://www.transunion.hk

Hungary - http://www.bisz.hu

India - CIBIL (Request your CIBIL Score Including CIR)

Indonesia - Biro Informasi Kredit

Iran - http://www.irancreditscoring.com

Ireland - Irish Credit Bureau

Italy - http://www.infocomas.com

Jamaica - Creditinfo Jamaica

Japan - http://www.jicc.co.jp

Jordan - Jordan Credit Union

Kazakhstan - First Credit Bureau (CreditInfo)

Kenya - http://www.transunionitc.co.za OR www.metropol.co.ke

Kuwait - Credit Information Network (Ci-Net)

Kyrgyzstan - http://www.ishenim.kg

Lebanon - Complete the attached Release Form to give us permission to perform a background and credit check on you from our side.

Macedonia - http://www.mkb.mk

Madagascar - https://backcheckgroup.com/shop/governance-risk-and-compliance-checks/personal-credit-report-madagascar/

Malaysia - http://creditbureau.bnm.gov.my

Mauritius - You can get this MCIB (Mauritius Credit Information Bureau), but you must call in person at the MCIB and make a formal request.

Mexico - http://www.burodecredito.com.mx

Mozambique - http://www.crbafrica.com

Nepal - http://www.cibnepal.org.np

Netherlands - http://www.experian.nl

New Zealand - http://www.centrix.co.nz; https://www.checkyourcredit.co.nz; and http://www.mycreditfile.co.nz

Nigeria - http://www.crccreditbureau.com OR http://www.xdscreditbureau.com

Norway - http://www.experian.no

Pakistan - Request your Credit Information Report from your bank, or complete the attached Release Form to give us permission to perform a background and credit check on you from our side.

Panama - https://www.intelidat.com/

Paraguay - www.informconf.com.py

Peru - http://www.equifax.com

Philippines - http://www.cibi.com.ph

Poland - BIK Biuro Informacji Kredytowej (Request the PLUS Report WITH Score.)

Portugal - Equifax Iberica (Credinformações)

Qatar - Visit the Customer Service Center at Qatar Credit Bureau and apply for a Credit Report. You will need to present your original ID card, fill in a credit information report request form and attach a copy of your ID card.

Romania - http://www.birouldecredit.ro

Russia - Experian-Interfax

Saudi Arabia - http://www.simah.com

Singapore - http://www.creditbureau.com.sg

Slovakia - http://www.scb.sk

South Africa - http://www.transunion.co.za

South Korea - National Information & Credit Evaluation, Inc; Korea Information Service, Inc; Seoul Credit Rating & Information, Inc; Korea Credit Bureau; or your local bank.

Spain - http://www.equifax.es

Sri Lanka - http://www.crib.lk

Sweden - https://www.uc.se

Switzerland - http://www.dnb.ch

Thailand - https://www.ncb.co.th OR http://www.scb.co.th/en/home

Trinidad and Tobago - http://www.transunion.co.tt

Turkey - https://www.findeks.com

Uganda - www.compuscan.co.ug

Ukraine - First Credit Bureau Ukraine; International Bureau of Credit Histories; OR IBCH.

United Arab Emirates - Al Etihad Credit Bureau

United Kingdom - Experian or Equifax

United States - US students are able to obtain a FREE annual credit report from www.freecreditreport.com which you have access to for up to 6 months. You can also receive a credit report at Experian beyond 6 months for a fee.

Uruguay - www.clearing.com.uy

Venezuela - http://sudeban.gob.ve

Vietnam - http://www.pcb.vn

Zambia - http://www.crbafrica.com

Zimbabwe - Financial Clearing Bureau

Note: If the report is issued in a language other than English, you will be required to submit the original document as well as a full English translation by a certified translator. We recommend http://gengo.com/ for translations to English.

Your Loan Offer

The Provisional Offer is a non-binding loan agreement that allows us to reserve funds for you. You can still request a change to your loan amount or withdraw (cancel) your application. You have 2 weeks to accept your Provisional Offer and move on to Verification, otherwise your application will expire. If this happens or you want to change school, you will need to start a new application.

The interest rate we offer is tailored to you. To understand your potential, we assess variables provided in your application and from external factors. These variables are what makes our credit model unique, ensuring we can offer you the most competitive rates possible, without you needing to provide collateral or a co-signer.

Your interest rate is made up of two parts: a fixed margin and base rate. We use 3 month LIBOR for the base rate which is the benchmark used by lenders around the world and varies with market fluctuations.

We recommend using APR to compare different loan offers.  APR is the annual rate charged for borrowing, expressed as a percentage, that represents the yearly cost of funds over the term of the loan and includes all fees and costs associated with servicing the loan.  It is not the rate at which interest accrues on your loan.  Watch this video to learn more.

An electronic copy of your Loan Confirmation Letter will be uploaded to your dashboard and can be used to support your visa application, and as a financial guarantee for your school. If you need a hard copy we can courier this to you for A £25 GBP fee, please request by emailing info@prodigyfinance.com.

We will email you shortly before class starts with your final loan agreement to e-sign once you are on campus. Please make sure your email address and phone number are up to date by logging into your dashboard.  

Specific to your Prodigy loan, we “fully amortise” your administrative fee which means the payments of this fee are spread out evenly across your regularly-scheduled monthly payments.

If you wish to defer a loan within an academic period please contact us at info@prodigyfinance.com to see if you qualify. Unfortunately we are not able to defer loan payments across different academic periods, because your Cost of Attendance may change, and because we need to assess your financial situation at the beginning of each period.  

Payment of Funds

We remove all hassle by sending the funds directly to your school, who will process it without you needing to do anything.

What can I use the loan for: Some schools allow funds to be used for living expenses as well as tuition fees (please check your school loan terms page for details). If your loan includes living expenses, we will send all funds to your school, and once tuition fees are paid they will then transfer living expense funding to you.

When are the funds paid: Your school sets the date that funding is sent to them, so we cannot adjust this on an individual basis. Funding will be sent at the start of class, and do not worry if the date we send your funds and your tuition date do not correspond - we will work with your school directly to resolve this.

Certification is a process in the U.S. created for the purpose of borrower protection. Before a lender can send the loan, certification must be completed by the school. The school will check the loan amount to ensure it falls within their funding requirements, and they will look at your total financial profile to ensure that the Prodigy Finance loan combines with other funding sources to cover your tuition and living expenses. When approved, your school will set the date for Prodigy Finance to send the funds to them. We will then upload your final loan agreement and disclosure documents to your online Dashboard for you to e-sign when you arrive on campus.

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