Prodigy Finance Education Loans : All You Need To Know | GyanDhan

Prodigy Finance, a UK based financial institution, was founded in 2007. Since then, the fintech platform that offers education loans to international postgraduate students.  What separates a Prodigy Finance education loan from traditional bank loans are the following two unique features:

This is a companion discussion topic for the original entry at

My conditional offer is accepted but I want to change my loan amount. Is it possible?

Yes. You can change your loan amount after the accepted conditional approval. If you want to reduce your amount, you must request for it before you sign the final loan agreement. You can also increase your loan amount, though it is not guaranteed.
Note- With the reduction or increase in loan amount, the processing fees will also increase or reduce accordingly.

What should I mention as a Post Study Salary proof for my loan approval?

Hi @Sunita_Dhankhar,

This provision is for when you receive a job offer (for when you graduate) while studying.
Prodigy Finance accepts the Employment contract and the offer letter as Post-Study Salary proof.

A few things to keep in mind -

  • The company name and logo must be visible on the document. It should also have your full name.
  • The document must clearly confirm the post-study salary and the start date of the employment.
  • The document should be signed by you and your employer.

If you need help in your loan application, I’d advise taking the loan through GyanDhan. You can check your loan eligibility on our website [GyanDhan > Loans > Check Loan Eligibility]. And start your hassle-free education loan process.
Hope this helps!

If we already have loan availed from Indian banks but still there is shortfall in required amount can we approach to prodigy for loan to cover that shortfall for same program for which we have taken loan from Indian bank too?

Hi @Ashish123

This depends on a case-to-case basis.

On taking the initial loan from an Indian Bank, you do not have the option to approach an international player.
However, if you have taken a loan from an NBFC, you might be allowed to fund the remaining expenses with an additional loan from Prodigy or MPower. Even then, you will have to communicate the same to both lenders. It is a tricky path. But we can help you. Do get in touch with us. Alternatively, check your loan eligibility on GyanDhan > Loans > Check Loan Eligibility.

Hope this helps!