Prodigy Finance

[nqh]

Hi guys. I’m about to take out a loan with Prodigy Finance. With no collateral required nor co-signer, as well as no penalty for early repayment, everything sounds good. But I’m afraid of having a bad experience with that, maybe there’s something that is not explicitly stated or hidden among confusing contract words.
Until now, every clause in the contract makes sense with exception of one which states that the may vary the underlying interest rate in order to keep being profitable. Does anybody know how often this happens?
Any other comment about your experience will be highly appreciated.

Btw, I was admitted to the FinMath program of University of Chicago and I am applying for a ten years loan written with floating interest rate linked to the USD Libor 3m.

Thank you!

 

[nqh]

Until now, every clause in the contract makes sense with exception of one which states that the may vary the underlying interest rate in order to keep being profitable.

*... that THEY may vary...” sorry about the typo.

 

[IntoDarkness]

your best action should be take the loan, finish your degree, then leave for a country where you don't have to pay the loan back