Check eligibility, estimate rates, and browse top schools — all in one place.
No co-signer. No collateral. No US credit history required.
Complete your application entirely online. No paperwork mailed, no US co-signer, no collateral assets needed.
Review your personalized variable APR, loan amount, grace period terms, and administration fee — clearly displayed.
Upon acceptance, funds are disbursed directly to your university's financial office within 2–4 weeks. You focus on studying.
See exactly when interest starts accruing, when your balance peaks, and when your first payment is actually due. Click any phase to explore.
Estimates shown at a fixed 9.5% variable APR for illustration. Actual loan balances depend on your lender's current benchmark rate, your specific APR spread, and exact repayment schedule. Always verify with your official term sheet.
Key metrics side by side for 2026. Rates are estimates — always verify directly with the lender.
| Feature |
Prodigy Finance
Reviewed on prodigyfinanceapply.com
|
MPOWER Financing |
|---|---|---|
| Variable APR (estimated) | From ~8.41% | ~12.99%–14.98% |
| Fixed Rate Option | Variable only | Fixed & Variable |
| Administration / Origination Fee | ~4% of loan amount | ~5% of loan amount |
| Co-Signer Required | ✓ Not required | ✓ Not required |
| Collateral Required | ✓ Not required | ✓ Not required |
| Eligible Countries | 150+ | 190+ |
| Partner Universities | 750+ | 400+ |
| Grace Period (post-graduation) | 6 months (typical) | 6 months (typical) |
| Loan Repayment Period | Up to 20 years | Up to 10 years |
* All rates and fees are estimates as of 2026 based on publicly available information and are subject to change without notice. Actual terms depend on your program, school, citizenship, and individual financial profile. This comparison is for informational purposes only and does not constitute financial advice. Always verify current rates and fees directly with Prodigy Finance and MPOWER Financing before making any borrowing decision. View full comparison →
No US financial history required. No co-signer. No collateral. Just your future earning potential.
Apply without a US-based co-signer or guarantor. Eligibility is based on your academic program and future earnings.
Learn more
Understand how variable APR works, how interest accrues during studies, and the total cost of borrowing over your repayment term.
Full APR breakdown
Most international student loans include a 6-month post-graduation grace period before mandatory repayment begins. Time to land your role.
Repayment terms
Students from India, Nigeria, China, Brazil, Vietnam, Colombia, and 145+ more countries can apply for eligible programs.
Check your country
You don't need to pledge property or assets. International student fintech lenders assess future earning potential instead.
How it worksUnderstand the true total cost of borrowing — including interest capitalization, admin fee, and monthly payments — before you apply.
A ~4% admin fee is added at disbursement. Interest then capitalizes monthly during your program and 6-month grace period before repayment begins. The monthly payment is based on your final capitalized balance. Full calculator →
Editorial team-verified accounts from international postgraduate students who used our comparison guide.
The APR comparison breakdown on this site saved me from a significantly more expensive loan. Prodigy's variable rate turned out to be the right call for my timeline.
No US co-signer was the dealbreaker for me. Every other platform required one. Finding a comparison guide that actually showed no-co-signer options side by side was a relief.
The administration fee explanation here was the clearest I'd seen anywhere. Most sites bury the 4% in the fine print. Knowing the real total cost upfront helped me make the right choice.
Clear, factual answers to the most common questions about international student loan terms and eligibility.