Effort and commitment achieves good results in education, but when these two are merged with the sufficient financial resources, the result will just become awesome.
About – Prodigy Finance
There is no question about the role which finance plays in ensuring access to top quality and the best education in the world, and very few students make it to graduation without proper financial back-up.
Again, your qualifications will yield a lot when they are obtained from some of the best institutions in the world, universities that have excellent research and enhanced ability to make innovations.
South Africans can now access top-quality education with some of the best universities in the world through a student loan that comes from Prodigy Finance.
WHO IS PRODIGY FINANCE?
Prodigy Finance is an international financial institution which is headquartered in the United States of America. The institution is much active in the provision of educational funding for students who wish to study abroad. The students will need to come from selected countries on which South Africa is included.
The company works with hundreds of top universities from Europe, America, Australia and Asia on providing student loans to international students. With this, Prodigy finance is known to be the best provider of student loans on a global perspective.
WHO IS COVERED BY THE PRODIGY STUDENT LOANS?
The Prodigy student loans are available to South Africans and other citizens of the world who get accepted to universities to study postgraduate courses. The area of study should be a separate country from the country of origin or from where you hold citizenship.
The Prodigy student loans will take South African citizens to study postgraduate degrees in Europe, America, Asia and Australia in the fields of business, engineering, law, public policy and health sciences.
In all the fields of study covered by prodigy finance, there are 100 top universities that you can choose from.
HOW DOES PRODIGY STUDENT LOANS WORK?
When dealing with Prodigy finance, there is no need to travel or get yourself to our offices. When you apply for a place to study at the University of your choice amongst those that we cover, you can apply for a loan online.
When the loan is approved, you will need to apply for a study Visa using the Prodigy student loan offer as a means of funding.
As soon as the Visa is obtained, Prodigy finance will pay your full financial requirements for the whole term of study. When there is excess, the university will transfer the money into your bank account for personal use.
WHAT DOES IS THE COST OF PRODIGY STUDENT LOANS?
The company does not charge initiation fees, but there are interest and service fees on the loans. Our interest rates will vary with the loans amounts, credit scores and the length of repayment on which the student vie for.
The Interest rates are very low when one compares with South African rates; the Prodigy student loans’ interests rarely reach 10% per annum.
HOW ARE THE PRODIGY STUDENT LOANS REPAID?
The Prodigy Finance company does know how it feels when someone resides in a foreign country. This is why the company will not require students to pay anything during the study.
South Africans will have all the time to undertake their studies overseas and have some ample time to look for employment before starting the loan repayment. The applicant can opt to make repayments when they find employment prior to finishing their studies, however, this will not be a requirement.
Students will be given a grace period of up to 6 months to start repaying for the student loan after graduating.
The applicants will need to be accepted or studying a postgraduate degree with one of the universities that are covered in a field of business, engineering, law, public policy and health.
The applicants should also have a regular income and a good credit score.
The company will need applicants to submit the following documents
- A valid passport (there will be no need for a visa)
- Proof of admission from the relevant school in one of the fields mentioned above
- A credit report
- Proof of residence that is not older than three months
- Proof of income
HOW TO OBTAIN PRODIGY STUDENT LOANS?
The Prodigy student loans are applied online through the Prodigy finance international website. When the applicants’ application is successful, our credit team will send quotes and terms through the email.
When the applicant agrees to the quotes, they will need to send the relevant documents. The Prodigy team will do relevant authentication on the documents and thereafter the applicant will be sent with a loan agreement.
The applicant will need to take the loan agreement to the relevant consulate or embassy as it will be a requirement for obtaining a student visa. Once the visa is out, Prodigy finance will fund you for your international postgraduate degree.