Can NBFC give education loan?

Can NBFC give education loan?

Education loans sanctioned by NBFCs cover 100\% of the tuition fees, travel expenses, lab fees and exam fees, lodging fees, cost of books and equipment, library fees, caution deposit and all other related costs.

Are living expenses covered in education loan?

Education loans are unsecured loans that can be used to cover expenses related to education, such as tuition fees, books, living expenses and other such expenses as transportation costs, etc.

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.

Does Prodigy provide loan for Canada?

Which universities and programmes does Prodigy Finance support? If you’re looking to study your Masters in STEM Prodigy Finance Loan supports STEM programmes in top 100 universities in US as per the US News rankings. Additionally, we support a select number of engineering programmes in Canada and Europe.

Is Prodigy Finance reliable Quora?

I work at Prodigy Finance and can confirm that we’re a credible, trustworthy lender that has funded over 14500 students from 132 countries. We have good relationships with more than 500 schools that we support around the world.

How much loan can I get from Prodigy Finance Quora?

Since your tuition and living will be paid in USD, you’ll need to borrow an additional INR 7 lac to fund your education. This means your actual loan terms for a seven year loan term are: Initial loan amount = INR 40 lac. Additional cost = INR 7 lac.

What countries can apply for Prodigy Finance student loans?

Prodigy Finance loans are available to students from roughly 150 countries. Students from the UK can also apply for loans for study in the UK. It’s no longer necessary to have an acceptance letter to apply for Prodigy Finance student loans. Acceptance is, of course, necessary to complete the process and receive a loan.

What is Prodigy Finance?

Prodigy Finance, a UK based financial institution, was founded in 2007. Since then, the fintech platform that offers education loans to international postgraduate students. You don’t need a co-applicant/guarantor to get a study loan.

Do I need an acceptance letter to apply for Prodigy Finance Loans?

It’s no longer necessary to have an acceptance letter to apply for Prodigy Finance student loans. Acceptance is, of course, necessary to complete the process and receive a loan. Applicants may undertake loan applications for multiple universities and programmes to receive preliminary terms to determine the best path.

What is the interest rate on Prodigy student loans?

Prodigy uses a variable interest model, i.e. the interest rate alters from time to time. The loan is offered in USD or EUR, depending upon the country you decide to study. Additionally, they don’t penalize you for early repayment or full loan settlement! ~2.5 \% to 4\% of the loan amount.