March 25, 2025: Prodigy Finance, an international student loan provider, highlights how co-signer loans impact the economy in emerging markets. The company provides international students with innovative financial solutions, including no co-signer and no collateral loans. Now, they have introduced co-signer based loans for Indian students, fostering economic growth and development in the region.

Students in emerging markets generally do not have a strong credit history or collateral for international study loans, so cosigner-based loans are a lifeline for them. Prodigy Finance offers cosigner loans with interest rates starting from as low as 8.35% with a borrowing limit of up to $220,000, depending on the cost of attendance limits set by their university. By including a co-signer, students can increase their chances of loan approval and get better loan terms for studying at supported colleges and universities in the US, UK, Canada, and many more.

Cosigner-based loans help develop a skilled workforce by creating opportunities for international education. As a result, it improves economic productivity and competitiveness in emerging markets. Cosigner-based loans also go beyond individual benefits to strengthen the financial ecosystem of developing nations. By making the loans more accessible, they put financial institutions in a position to expand their range of loans and promote a stronger credit culture so families can go on and get future loans for homes or businesses. Additionally, graduates working abroad send remittances, boosting foreign exchange reserves and economic stability.

When these professionals return, they increase workforce competitiveness, drive innovation, and contribute to entrepreneurship. Their increased earnings lead to higher consumer spending and local investment, stimulating economic growth. By promoting financial inclusion and professional mobility, cosigner-based loans are key to the long-term economic development of emerging markets.

“Cosigner-based loans are more than just a financing option; they are a lifeline for Indian students with big dreams,” said Sonal Kapoor, Global Chief Business Officer at Prodigy Finance. “By getting family support to make education a shared investment, we are breaking down barriers that have long excluded talented individuals from accessing world-class opportunities. This is about more than transforming lives, it’s about driving economic growth and social change in underserved regions so that every Indian student can contribute to the global economy.”

Prodigy Finance helps international students achieve their academic goals. With over 17 years of experience, Prodigy Finance has funded over 45,000 international master’s students from over 150 countries, providing financial solutions that cross borders and empower the next generation of global leaders.