I would like to apply for loan. Can any one please tell which loan is better. Leap or Prodigy?

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A D · Answer

Hi,
I have not taken a loan from any of above mentioned banks. The terms for each applicant will vary. But here is what I found:
Leap-
Interest rates start at 8.25% to 9.85% APR, the maximum tenure period allowed is variable, Moratorium period starts after course completion. The exact time is variable, Processing fees at 1.5 to 2 %

Prodigy-
The floating Interest rates start at 6.25% APR. The maximum tenure period allowed is 20 years. The moratorium period is 6 months after the course completion. No early payment changes. Admin fees vary around 5%. Most universities do not require a co-signer, collateral or guarantor required. The margin amount is fixed between 5.5% and 8.5%.
https://yocket.com/feed/bank-loan-review-part-2-734756
https://yocket.com/blog/your-3-step-guide-to-getting-a-prodigy-finance-loan-for-american-ms-degrees
https://yocket.com/blog/q-a-with-prodigy-finance-borrowers

If you haven't yet been offered a loan, then apply to both and get an interest rate offer and then decide. If you have been offered a loan from both then compare using the terms listed in the link:
https://yocket.com/feed/important-terms-related-to-loan-you-should-know-from-your-lender-734754

I would like to apply for loan. Can any one please tell which loan is better. Leap or Prodigy?

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