With fall 2026 weeks away, Prodigy Finance launches deposit relief for Indian students studying abroad

• As Fall 2026 deadlines approach and visa appointments fill up, Prodigy Finance has launched a deposit relief initiative to help eligible Indian students ease the financial burden of studying abroad

LONDON: With Fall 2026 classes just two months away, Indian students are facing one of the most financially demanding periods of their study abroad journey. Visa slots are disappearing within minutes. University deadlines are closing in. And for most students, this is the month when the enrollment deposit, real money from the family account, has already been paid or is due imminently.

Prodigy Finance, the international student lender regulated by the Financial Conduct Authority in the UK, has launched an initiative specifically designed to ease that burden. For eligible students who have already paid their university enrollment deposit, Prodigy Finance will add the deposit amount to their loan and disburse it as a living expense, putting that money back in the student's hands when they need it most.

"This is the moment in the cycle where students are the most committed they have ever been and the most financially stretched they have ever been at the same time. With the rupee where it is today, even a deposit that looks manageable on paper can feel like a significant sacrifice for an Indian family. The deposit is already paid. The family has already felt that. We wanted to acknowledge that reality and offer something that brings relief," said Sonal Kapoor, Global Chief Business Officer at Prodigy Finance.

The initiative comes at a time when Indian students face compounding pressure across every front. Funding applications are surging. The rupee has not made things easier. As the currency continues to fluctuate, every dollar or pound a student needs to pay for tuition, rent or daily expenses costs more in Indian terms than it did when families first started planning.

Budgets that looked sufficient months ago are quietly falling short, and the difference is coming straight out of family savings. Traditional lenders continue to require collateral and co-signers that many families simply cannot provide. And the Fall intake, which historically sees the highest volume of Indian student departures, leaves very little room for delays at any stage of the process.

Sonal further added that Prodigy Finance was built for exactly these students. "Most of the students who come to us are from humble backgrounds. They do not have assets to put up as collateral and they do not have someone who can co-sign for them. And they should not have to. What they do have is merit, a strong academic record, and a clear sense of where they want to go. That is what we look at."

Loans are assessed on future earning potential and academic merit, not on what a family currently owns. Repayment begins only after graduation, with a six month grace period, because Prodigy Finance understands that settling into a new job and a new country takes time. The loan amount goes directly to the university, so families never have to manage large international transfers on top of everything else they are already dealing with.

Prodigy Finance has been supporting students globally since 2007. Over 47,000 master's students from more than 150 countries have gone through the journey with the company's support, with over $2.6 billion disbursed to date. India is one of its supported markets. 

The challenges Indian students face every Fall intake, the visa pressure, the currency stress, the last-minute funding scramble, are not new to the team. This initiative is a response to all of that, and a step toward making the Fall 2026 journey a little less hard for the students who deserve to be there.

Students who want to be part of this initiative can start by checking their eligibility at Prodigy Finance official website The team is also reachable through the official telephone helpline and WhatsApp. Only applications coming through official Prodigy Finance channels will be considered. This is to protect students from fraud and to make sure every application reaches the right team and gets processed without delay. The deadline is 30 June 2026. 

For more information on the Prodigy Finance funding relief and to apply, please visit https://prodigyfinance.com/ or reach out via WhatsApp at +919137840496

About Prodigy Finance

Founded in 2007, Prodigy Finance is an international student lender that has helped over 47,000+ international master's students attend the world's top universities. To date, Prodigy has disbursed over $2.6 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.

*Loan offers are subject to our eligibility, funding, and credit assessment criteria.

*13.12% APR representative variable, based on a total credit amount of USD 41,680 (USD 40,000 amount borrowed + 4.2% admin fee), repayable over 180 months at a variable interest rate of 11.99%(8.40% fixed + 3.59% variable). Initial monthly repayments of USD 100 (30 Months). Subsequent monthly repayments of USD 614.07(150 Months). Total interest payable USD 71,852.80. Total amount payable USD 113,532.80.0