Indian students aiming to study abroad now have a new financing option with Prodigy Finance’s co-signer loans. This new option allows students to borrow money at lower interest rates by including a co-signer in their loan application. As education costs continue to rise, having access to lower interest rates can make a substantial difference in the overall cost of your studies abroad. It is a bold step by the company to expand beyond its traditional no-cosigner loan model. This is in addition to their existing loan offerings. If you prefer to apply independently, Prodigy Finance also continues to offer no co-signer loans.

A co-signer is typically a financially stable family member who agrees to share responsibility for loan repayment. This added financial backing can help secure better loan terms, including lower interest rates starting at 8.47%*. Borrowers can access loans to cover the full cost of attendance, up to $220,000*, ensuring they have sufficient funds to cover tuition and living expenses.

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The launch of co-signer loans comes as a viable solution to the rising cost of international education. Many students struggle with high tuition fees and living expenses, and securing a loan with favourable terms can make a substantial difference. With this new loan type, students can choose between applying with a co-signer for better rates or opting for Prodigy Finance’s existing no-cosigner loans, giving them the flexibility to select what works best for their financial situation.

Sonal Kapoor, Chief Financial Officer at Prodigy Finance, said, “With thousands of Indian students going to the US, UK, Germany, Australia, and other countries, financing is key to making these dreams happen. Whether applying with or without a co-signer, the objective is to provide financial solutions that enable students to focus on their education and career.”

Having a co-signer also increases approval chances, making financing more accessible for students who may not qualify for other loans due to limited credit history or income restrictions.

Co-signer loan repayment is a shared responsibility between the borrower and the co-signer, meaning both parties need to ensure timely payments. Any missed payment will impact the credit score of both, so it’s important to understand the obligations before applying. But for those who have a financially stable co-signer, this can save a lot of interest over time as it has lower interest rates.

Higher education abroad is a significant investment, and having the right financing partner can make all the difference. With competitive interest rates and no collateral requirements, Prodigy Finance continues to create opportunities for Indian students to achieve their academic ambitions without financial barriers.

Loan offered between $10k and $220k

About Prodigy Finance

Founded in 2007, Prodigy Finance is an international student lender that has helped over 43,000+ international master’s students attend the world’s top universities. To date, Prodigy has disbursed over $2.3 billion in funding to students from more than 150 countries.

Prodigy Finance is fueled by impact investors and other privately qualified entities who invest in tomorrow’s leaders while earning a financial and social return. Prodigy’s borderless lending model enables students to apply for a loan based on their future earning potential and not just their current circumstances and credit history.

• Prodigy Finance Ltd is authorised and regulated by the Financial Conduct Authority in the United Kingdom. Prodigy Finance loans are offered to eligible borrowers and these loans are governed by English law.

• Loan offers are subject to our eligibility, funding, and credit assessment criteria
• Co-signer representative APR 10.26% variable, based on a total credit amount of USD 41,600 (USD 40,000 amount borrowed + 4% admin fee), repayable over 180 months at a variable interest rate of 9.47% (5% fixed + 4.47% variable). Monthly repayment of USD 504.76. Total interest payable USD 52,256.15. Total amount payable USD 93,856.15. 
• Co-signer option available for Indian students only.

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