Can I get two education loans at the same time?
The simple answer is yes. Two Student Loans can be taken from different banks at a time but generally, this method only increases our monthly EMI burden. Both the banks should be well aware of the other loan taken.
Is Prodigy Finance better than Indian banks?
Is Prodigy Finance trustworthy? Yes, prodigy finance is trustworthy. It has helped many Indian students who are looking to study abroad. But, we always recommend Indian banks over international lenders like Prodigy finance as what looks better on the surface may be different when we look beneath the surface.
What is Prodigy interest rate?
Prodigy Finance loan calculator 8.7\% Prodigy Finance fixed margin (fixed rate of interest) 8.9\% annual simple fixed margin plus a variable base rate (3-month USD LIBOR of 0.2\% as of 1st January 2021)
Why choose Prodigy Finance education loans?
Prodigy Finance education loans cover up to 100\% of expenses. So, you will not have to finance any part of the total expense involved in your education abroad. Prodigy loans take care of all the expenses incurred such as tuition & living costs and caution deposit/building fund/refundable deposit.
Does Prodigy Finance cover living expenses?
For several schools, Prodigy Finance covers part of the living expenses. If the student intends to use part of his/her loan to cover living expenses, he/she doesn’t need to provide the bank details to Prodigy Finance as it disburses all the funds directly to the school.
What is Prodigy Finance India?
Prodigy Finance India offers loans without any collateral/co-applicant, at modest interest rates to international students. In a nutshell, Prodigy Finance seeks to fill the gaping hole left by the shortages of domestic banking restrictions. Another distinct feature is that it provides loans in USD or EUR.
What are the documents required for a Prodigy Finance Loan?
The following documents are necessary for a Prodigy Finance loan: Proof of Identity – Copy of driver’s license, government-issued identification document or your passport. Proof of Address – Any utility bill like water or electricity, bank document, rent agreement, etc.