Prodigy Finance FAQ: How long does the application process take from start to finish?

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Prodigy Finance - June, 03 2021

3 min read

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At Prodigy Finance, we're committed to helping international talent to achieve their education dreams. We offer international student loans to qualified individuals attending top master's programmes in the US.

Interested in a Prodigy Finance loan? Here’s your chance to learn more about how long the application process lasts from start to finish.

This video explains it quickly so you can get onto what really matters

After you’ve received an admit to your dream school, it’s time to get your finances in order. And, it’s best to start as soon as possible to avoid any disappointment when it comes time to apply for your international student visa.

If you’ve previously applied for a loan with another provider, you may be concerned about the length of time it takes to secure a Prodigy Finance loan. But, our process for loan approval is often much faster than local banks.

One reason is that the entire application process is done online.

  1. You’ll start your application by visiting our website (prodigyfinance.com), then click apply now
  2. You’ll fill out an online application form which takes 15 to 20 minutes
  3. After submitting your loan application, you’ll get a credit decision called a provisional offer within five business days. About 50% of our applicants receive a loan offer within seconds
  4. Once you’ve accepted your provisional loan offer, we’ll ask you to upload various supporting documents
  5. Once you’ve uploaded all the required documents, our team will review your documents. This takes about two weeks
  6. If all your documents are in order, your loan will be approved

Want to know more about applying for a Prodigy Finance loan?

The Prodigy Finance application process is designed to be as smooth and streamlined as possible. And, there’s no obligation to accept a provisional offer once you receive it, so there’s no reason not to check whether you qualify for a loan to attend your dream school.

But, if you want to know as much as possible about the Prodigy Finance loan application process before you begin, these guides are a great start:

Want a Prodigy Finance international student loan?

Prodigy Finance offers no cosigner, collateral-free loans to eligible international students attending supported universities across the globe. If you’re considering postgraduate study, you might want to consider a Prodigy Finance loan.

Prodigy Finance Ltd is authorised and regulated by the Financial Conduct Authority.

What next? Find out more about Prodigy Finance’s education loans or check out the list of schools we support.

For any other information about Prodigy Finance, or our student loan process, feel free to check out or browse our site, or register for a webinar to have your questions answered by one of our team.

Post updated for accuracy and freshness on April 16 2021. Originally published on September 18, 2018.

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© Prodigy Finance Limited 2007 - 2022. All Rights Reserved. Prodigy Finance Limited is incorporated in the United Kingdom (Company Number 05912562) with its registered address at Palladium House 1-4 Argyll Street, London, W1F 7LD and registered with the Office of the Information Commissioner (Reg. No. Z9851854). Prodigy Finance is authorised and regulated by the Financial Conduct Authority (firm registration number 709641) for certain consumer credit activities and for investment activities for investors who have agreed to its terms. Prodigy Finance loans are offered to eligible borrowers and these loans are governed by English law.