Am I eligible?

You plan to study abroad

You want to study at a school we support

Schools we support

Search our list of over 850 schools in 18 different countries

Find your school

How it works


Get started

Register your interest and tell us more about your study plans. We’ll help you get everything ready so that applying for funding is effortless.


Apply for funding

In exchange for some additional details about your plans, you’ll receive a customized quote. If you’re still deciding where to study, you can submit an application for each school and compare offers.


Upload your documents

Accept the quote that’s right for you and upload a few documents. We’ll finalise our risk assessment, and you’ll join our waitlist while we confirm available funding.


Finalise your loan

We’ll match your application with the funds we’ve raised from our community of investors. If you’re matched, we’ll notify you so you can commit to your loan and get an official letter to use when applying for your visa.


Sign on the dotted line

Sign your loan when you land on campus, and your money is on the way! We send funds straight to your school, so you don’t have to worry about making complex international transfers.


Study first, pay later

Soak up campus life and share your story with the next batch of international grads. Payments don’t start until 6 months after classes end if you study full time, so you can focus on getting your degree and landing that dream job.

Apply now

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 36,312
5% admin fee
USD 1,816
Amount financed
USD 38,128

Interest rate example

We use a variable simple interest rate which tracks a fluctuating benchmark rate. The interest rate includes a fixed margin tailored to your application and the benchmark rate that will change throughout the life of the loan. We use 3-month CME Term SOFR as this benchmark.

Fixed margin rate
3-month CME Term SOFR
Variable interest rate

Education loan repayment example

Monthly amount due
USD 590.18
Repayment period
15 years
Total amount payable
USD 106,233.13




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

11.06% is the minimum possible Annual Percentage Rate you could be offered. This APR assumes a 4.98% fixed margin rate, a 4.89%* variable base rate (3-month CME Term SOFR as of 6 April 2023), and a 5% 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 14.96%.

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.

* Benchmark rates shown on this page are rounded to 2 decimals of a percentage for illustrative purposes. For the actual rate used, click here.

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Hosts: Nangi and team

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Our global teams are based out of:

South Africa


United Kingdom

United States

© Prodigy Finance Limited 2007 - 2023. All Rights Reserved. Prodigy Finance Limited is incorporated in the United Kingdom (Company Number 05912562) with its registered address at 85 Great Portland Street, London, W1W 7LT 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. Prodigy Finance loans are offered to eligible borrowers and these loans are governed by English law. Prodigy Finance Servicing, LLC is incorporated in the state of Delaware, USA, is an affiliate of Prodigy Finance Limited and conducts the business of servicing of loans for residents of certain US states. NMLS # 2155440 (Prodigy Finance Servicing, LLC) and NMLS #1611590 (Prodigy Finance Limited) ( View Prodigy Finance's lending, servicing and collection licenses.