A Trade Support Loan (TSL) can assist with everyday costs while an apprentice undertakes their training. If the applicant is an apprentice in a skills need occupation, they may be eligible to apply for a Trade Support Loan of up to $21,078.
Trade Support Loans are flexible to meet the individual needs with payments paid into their nominated bank account each month.
The Trade Support Loans are interest free but indexed annually in line with the consumer price index. As an additional incentive, the applicant will get a 20% discount on their loan when they have successfully completed their apprenticeship.
This paper gives an overview of the Australian Apprentices - Trade Support Loans and has been written under the following headings:
- Trade Loans Overview
- Eligibility
- Purpose Of Loans
- Progressive Draw Down Of Loans
- School Based And Part Time Apprentices
- Repayment Of Loans
- Completion Of Apprenticeship
- Application
- Priority List
