Tax may apply whenever you make payments of interest to a lender in a different country from the one in which you are currently (or, in some cases, have previously been) located. We're not able to give you any tax advice and we are not responsible for your tax arrangements but as responsible lenders, we wanted to let you know about tax you may owe as a result of taking out a Prodigy loan. You may need to pay the tax authority in the country you're paying from, or in a country that you've previously had a connection with, and different countries may have different levels of tax so the amount you pay, if any may vary depending on your location.
We're doing our utmost to minimise the amount of tax payable by our borrowers by applying for reliefs or exemptions from tax in various countries. To date, we have secured exemptions in the United States and United Kingdom and we're hoping to add to this list quickly going forward.
If you've got questions about who, when or how you should pay tax, you'll need to reach out to your local tax authority or tax advisor who will able to help you.