Get Ready

Applications for Fall 2021 loans will open on 25 January 2021.

Are you eligible?

You plan to study abroad
You want to study at a school we support

Find your school

Search our list of over 750 schools in 18 different countries where we support courses including:

Computer science
Type the name of your preferred school
Want to see the full list?

How it works


Register and get your quote

Learn more about applying for an education loan.

Create your account and apply now

Upload your documents

Confirm the information in your application by giving us a few supporting documents.

See a list of the documents we’ll need

Sign your loan agreement

Sign your finalised loan online when you get to campus.

Find out more about signing your loan

Get your money

We’ll send your funds directly to your school so you don’t have to worry about a thing.

Read more about when we send your funds
Join our list

An easier way to pay back your loan

Track payments from our mobile app.
Flexible repayment terms - 7 to 20 years.
Start paying 6 months after classes end.
Pay early to save on interest, no penalties.

Here's a representative example

Education loan amount example

Amount borrowed
USD 40,000
4% admin fee
USD 1,600
Amount financed
USD 41,600

Interest rate example

We use simple interest rates which are made up of two components: a fixed margin and a base rate. The fixed margin is a simple percentage tailored to your application. The base rate is an international floating rate that will change throughout the life of your education loan. We currently use 3-month LIBOR.

Fixed margin rate
Variable 3-month LIBOR
Variable interest rate

Education loan repayment example

Monthly amount due
USD 537.84
Repayment period
10 years
Total amount payable
USD 64,540




APR (Annual Percentage Rate) is a rate that shows your total cost of borrowing, including the interest rate and any fees or additional costs. When comparing education loan offers from different lenders, it’s best to use APR rather than monthly interest rate. Your monthly interest rate will always be lower than APR because it only represents part of the total cost of your loan.

Watch this video to find out more

Terms and conditions

5.4% is the minimum possible Annual Percentage Rate you could be offered. This APR assumes a 4.5% fixed margin rate, a 0.2% variable base rate (3-mon USD LIBOR as of 8 July 2020), and a 4% administration fee. The actual rate offered will depend on your circumstances, loan amount and term, and may differ from the minimum and/or the average representative APR shown in our representative example above.

The average APR for student loans is 7.3%.

To qualify, borrowers must meet Prodigy Finance eligibility and underwriting requirements.

Prodigy Finance reserves the right to vary or discontinue its student loan product at any time without notice.

Join one of our events

Want to meet the team? You can find out more about Prodigy Finance and hear from other international students at our monthly events, workshops and webinars.

Meet us

© Prodigy Finance Limited 2007 - 2021. All Rights Reserved. Prodigy Finance Limited is incorporated in the United Kingdom (Company Number 05912562) with its registered address at Palladium House 1-4 Argyll Street, London, W1F 7LD and registered with the Office of the Information Commissioner (Reg. No. Z9851854). Prodigy Finance is authorised and regulated by the Financial Conduct Authority (firm registration number 709641) for certain consumer credit activities and for investment activities for investors who have agreed to its terms. Prodigy Finance loans are offered to eligible borrowers and these loans are governed by English law.

Prodigy Services Limited is incorporated in the United Kingdom (Company Number 10201413) with its registered address at Palladium House 1-4 Argyll Street, London, W1F 7LD. Prodigy Services is an appointed representative of Sapia Partners LLP which is authorised and regulated by the Financial Conduct Authority. Prodigy Services Limited promotes offers of securities for third party issuers to eligible investors.