Prodigy Finance Expands Study Abroad Loan Options for Indian Students

Feb 17th, 2025: Studying abroad can be a life-changing experience for students, but many often reassess their plans due to various financial considerations. Prodigy Finance, staying true to its mission, has announced the launch of its co-signer loan options specifically for Indian students who wish to pursue a master’s degree abroad. This initiative allows students to secure better loan terms by including a financially stable co-signer. By using the credit strength of a co-signer, students can access lower interest rates and reduce the overall cost of their education.

The co-signer option from Prodigy Finance will allow Indian students to get interest rates as low as 8.33%* without hidden fees. Students can borrow up to $220,000*, covering the full cost of attendance*. This addresses a major hurdle for many international students who don’t have a long credit history or collateral. In fact, this practical option is especially beneficial given the rising cost of living and the expenses associated with studying abroad. The new loan option provides students with the flexibility to choose between a co-signer loan or a no-co-signer loan, allowing them to select the option that best fits their financial situation.

“We know the challenges Indian students face when it comes to funding for international education,” said Sonal Kapoor, Chief Financial Officer at Prodigy Finance. “With thousands of Indian students going to the US, UK, Germany, Australia, and other countries, financing is key to making these dreams happen. Whether you apply with or without a co-signer, our objective is to provide financial solutions that enable students to focus on education and career.”

Prodigy Finance takes a unique approach to assessing loan applications compared to traditional lenders, focusing on future earning potential and eligibility criteria. This includes admission to a supported school and degree, residency in a supported country, and the student’s intent to study abroad. Adding a co-signer can further strengthen an application, especially for students with limited credit history.

Students can apply through a simple online process. The application process for a Prodigy Finance co-signer loan is online and straightforward. Students start by creating an account and submitting an application for their program of choice at a supported university.

Since 2007, Prodigy Finance has funded over 43,000 international master’s students, enabling them to study at top universities worldwide. This new co-signer loan program for Indian residents is another step in the company’s mission to break down financial barriers to international education.