Prodigy Finance Launches Refinance Product for International Working Graduates Looking to Reduce Financial Costs

Refinancing options for international working graduates are rare as local lenders are not structured to support cross-border funding or enforce international loan repayment – and these alumni are often on 'temporary resident' visas such as the F1-OPT visa. Prodigy Finance sets out to address the challenges faced by this underserved ex-pat market. The refinance product is for international working graduates looking to reduce their student debt, and available to any visa type, without the need for a social security number or local credit history.

The product features:

Prodigy Finance assesses applicant loan affordability on numerous variables including the university attended and current salary, among others. The product is available to international working graduates who reside in the UK or US . The applicant must have studied at a master's degree from a participating institution – the current list includes more than 280 universities across 20 countries.

Saving is based on a representative variable APR of 6.46%. To see illustrative savings calculation click here.
Over the 3-month USD LIBOR base rate. This minimum margin rate is subject to change. If you are approved for a loan, the interest rate will depend on your credit profile, your application and loan term.

Referral program rules can be found here.
International working graduates who live in the UK or US are able to apply to refinance their loan. Eligible US states include: CO, CT, FL, GA, IL, KS, KY, MD, MS, MO, NE, NH, NJ, NM, NY, NC, OK, OR, PA, SC, TX, UT, VA, WI.

Prosek Partners
Deanna Green : 02038788559 / dgreen@prosek.com

Prodigy Finance is revolutionising the way students and investors see student loans. Fueled by a community of funders, our student borrower base is given the chance to attend the world's top universities. Over the last decade, our investors have received both a financial and social return, while thousands of students have gained access to higher education through our loans. We are ranked 33 in The Sunday Times Hiscox Tech Track 100, the league table which ranks Britain's fastest-growing private technology companies.