Study Abroad & Get Loan Sanction
Within 72 Hour
$15,000 to 100% of total cost of attendance
11.18%
12 months \ Tenure varies from 10 - 20 year
| Feature | Description |
|---|---|
| Margin Money | NIL |
| Processing Time | 8 - 10 days |
| Prepayment Charges | There is no penalty for making early payments toward your loan. |
| Study Level & Course | Prodigy Finance provides unsecured loans for students studying at universities and courses listed under their Prodigy School listing. The loan options are available for various countries including the USA, UK, Canada, Germany, Switzerland, China, Denmark, Spain, France, Singapore, Paris, Italy, Netherlands, and more. |
| Expenses Covered | The loan amount will be disbursed directly to the university account to cover tuition fees and living expenses. |
| Property Acceptable | Unsecured Funding |
| Collateral & Non-Collateral | Unsecured Loans Only |
| Co-Applicant: | Not Required |
| Offer Letter | Conditional offer letter & unconditional offer letter both are Accepted. |
Age: The applicant must be at least 18 years old or older at the time of application. The student should have secured admission to a recognized university.
Academic performance: The applicant must meet the minimum academic criteria set by Auxilo and maintain a consistently good academic record. Additionally, prerequisite tests such as GRE, IELTS, or TOEFL may be required. In the US, GRE scores are particularly important for obtaining an education loan.
Co-applicant: A co-applicant is required for the loan, who can be the applicant's mother, father, sister, brother, spouse, paternal or maternal relative, or a legal guardian. The co-applicant should have a regular source of income and a good credit history.
Course and country of study: The scheme covers regular graduate degree/post-graduate degree/diploma/certificate/doctorate courses in any discipline offered by foreign institutes/universities in the USA, UK, Canada, Australia, New Zealand, France, Germany, and Ireland.
No need to liquidate savings or depend on family for funding. Borrow independently and save your savings for the future.
Full coverage of tuition fees, living expenses, and more with zero margin money. This helps in building a better credit score for easier access to future loans and better loan deals.
Easy repayment through EMIs with a repayment period of up to 12 years, making it affordable for borrowers.
Loan sanction from Auxilio even before admission confirmation. The loan sanction letter can be used as proof of funds during the application process to universities.
Taking an education loan promotes financial responsibility and helps students value their education. It provides an opportunity for parents to support their child's dreams and give them the wings to fly.
Apply online and upload the required documents.
The application will go through processing and approval.
Upon approval, the loan will be sanctioned and disbursed to the borrower.
KYC of applicant and co-applicants (such as identity proof, address proof, etc).
Academic Records
Proof of admission
Entrance Exam Result(if applicable)
Statement of cost of study/ Schedule of expenses
Income Proof for Salaried Co-applicant/ Guarantor (if applicable)
Bank account statement for last 6 months etc
Property Documents (if applicable)