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  1. Prodigy Finance
  2. Paying back your loan
  3. Understanding the payment process

Understanding the payment process

Payments don't start until 6 months after classes end if you study full-time, so you can focus on getting your degree and landing that dream job

  • What happens if my course gets extended?
  • When are my monthly payments due and how long do they take to reach you?
  • How do I settle my loan?
  • Can I get a tax certificate?
  • Understanding the Repayment Process
  • How do you calculate interest?
  • Can I pay more than my monthly instalment?
  • Can I pay custom amounts to my individual loans?
  • Can I have my payment allocated to interest only?
  • What happens if I can’t pay my loan?
  • What is forbearance?
  • What is arbitration and how does it work?
  • What will Prodigy Finance report to the credit agencies?
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