Prodigy Finance started with a peer-to-peer funding programme for INSEAD students. The Prodigy Finance concept was recognised at the 2006 International Venture Capital Investment Competition at INSEAD, resulting in the initial seed money for the company. Prodigy Finance was founded in 2007 with the intention of addressing this challenge, as Prodigy Finance Founder Cameron Stevens experienced himself. Three INSEAD MBA graduates conceptualised Prodigy Finance during their studies in 2006, as their experience highlighted an opportunity to bridge the financing gap often experienced by high-potential international postgraduate students looking to attend a top school. Prodigy Finance is registered in London with offices in London, Cape Town and New York. Offering competitive interest rates and requiring no collateral or co-signer, Prodigy Finance is focused on making education accessible. Since 2007, Prodigy Finance has disbursed over US$410 million through the platform to fund over 9,400 students from 118 nationalities. This borderless credit model enables educational loan financing to international students, whilst using predicted post-degree affordability rather than present-day salary. Prodigy Finance's loans are collectively funded by a community of alumni, institutional investors and qualified private investors who receive a financial and social return while the borrower gains access to higher education that they might not otherwise be able to finance. Prodigy Finance is a fintech platform that enables financing for international postgraduate students who attend a participating business school or postgraduate institution. There’s no penalty for early repayment – and extra payments will reduce the interest paid in the long term.International student loan provider for postgraduate students studying business, engineering, public policy, law or health sciences Blended value investments for qualified investors.
However, you can make payments if you like. Unless you are attending part-time, you will have a grace period until after graduation. In addition, and in line with a new product roll out in July 2017, interest is only calculated on the principal balance of your loan account. Interest begins accruing when your funds are released to your university. Universities in other countries may also request a copy and it’s required to secure international study visas for most countries – and usually must be presented at immigration. This document is required by American universities to secure the I-20 form which must be secured before applying for a visa. Prodigy Finance will issue you with an official Loan Letter (known as a sanction letter in some countries). If there are excesses in your account, that’s between you and the financial departments at your school. Prodigy Finance disperses loans directly to the university. You are required to e-sign your final loan documents upon arrival at your university your loan cannot be finalised without completing this step. You’ll need to reapply for a loan for your second year to account for any financial changes which occurred during the first year even if you have pre-approval. Students pursuing a 2-year degree will apply for a loan for the first year and pre-approval for a loan for the second year in one go. Our operations team will reach out quickly you’ll have a direct contact for any questions you may have. You’ll create a login to the Prodigy Finance dashboard which will guide you through the process. 
You will need to obtain a credit report and pass a background check against Know Your Customer (KYC), Anti Money Laundering (AML) and Politically Exposed Persons (PEP) criteria. After confirming this offer, you’ll need to upload supporting documentation. You should expect a provisional loan offer within a week. They’re quite adept at understanding documentation differences and pointing you in the right direction. 
The processing teams work with students from around the world every day. The process is facilitated online, and hard copies of documents aren’t required. Well, anywhere you have a secure internet connection. You can apply for a Prodigy Finance loan from anywhere in the world.
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