This is mentioned in the loan sanction letter. The new investment in Prodigy was led by Index Ventures, along with Balderton Capital and AlphaCode. Interest rates for Prodigy finance student loan: The effective interest rate for Prodigy finance student loan is the Annual Percentage Rate (APR).
“We believe in financial inclusion and talent mobility and look forward to continuing to help international students break the funding barrier and further their education at a top school.” They’re helping international LLM students get to the country’s best universities without collateral or a co-signer. Programmes: Masters in Financial Analysis, Masters in Management.
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They’re focused on your potential, not your history so you can get the rate you deserve. Full details are available on the Prodigy Finance website. 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. “Students from emerging economies such as China, Brazil and India face challenges in accessing financing for education, even with high credentials and excellent credit quality,” Cameron Stevens, Prodigy’s founder and chief executive, said in a statement. Prodigy Finance is a lender on a mission to send the world’s brightest talent to the best universities. Prodigy Finance loans are offered to eligible borrowers who are studying outside of their country of residence and the loans are governed by English law. Prodigy Finance said that the investment will further help it expand its operation in India where it is witnessing 50 (year-on-year) rise in terms of student applications. The company said it had lent over $325 million to more than 7,100 students to date. Much of the financing for Prodigy’s loans comes from crowdfunding investors buy stakes in debt that supports the loans. For much of the company’s history, it has focused on business school students. Lends to Business School candidates/students to fund studies Tenor: 1-2 years Loans funded by bond issues at commercial rates. But Prodigy says it looks most closely at applicants’ earning potential, allowing it to ignore their lack of credit history, guarantor or co-signer. International students often cannot get loans for their education because they lack credit histories. Nevertheless, the appeal of international students has underpinned the investment in Prodigy, which was founded in 2007. Many respondents cited concerns about the Trump administration’s immigration policies. Fintech: Innovation without Disruption, How Prodigy Finance Achieved High Growth and Social Good. Programmes: Masters in Financial Analysis, Masters in Management, Global Masters in Management, MBA, Masters in Finance (full-time and part-time), Executive MBA (London and Dubai), EMBA-Global (Americas & Europe and Asia), LBS Sloan Masters in Leadership and Strategy. The student borrowers gain access to higher. Full details are available on the Prodigy Finance website. The case describes how three INSEAD alumni founded a fintech company called Prodigy Finance and created a new market of international student loans by solving a long unaddressed problem in the finance industry. A survey of 250 institutions by the American Association of Collegiate Registrars and Admissions Officers found that nearly 40 percent of the responding schools reported a decline in applications from international students, particularly those from the Middle East. Prodigy Finance is an online platform that offers community loans to international postgraduate students. They also support students from over 150 countries.But there are signs of trouble with the international student population. Prodigy Finance works with the world’s top universities to support their international student intake. Prodigy Finance supports the following postgrad programmes: Here’s a list of benefits you can expect as a borrower: Prodigy Finance is a globally-accessible platform that provides funding to international postgraduate students attending top-ranked business schools. Not sure they’re the right fit for you? Watch this video to learn why over 13,000 international students have trusted Prodigy Finance with their future: The best part? They’re focused on your potential, not your history so you can get the rate you deserve.Īs an international student you can secure the funds you need to pursue a postgraduate education, without a co-signer or collateral. Prodigy Finance is a cross-border lender on a mission to send the world’s brightest talent to the best universities. Access your loan information wherever you are, whenever you need to. Fund your future with a Prodigy Finance loan. Meet the mobile app for Prodigy Finance customers.
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