A Trade Support Loan is an interest free loan to help you purchase trade tools and supplies while being an apprentice. You can borrow up to $24,492 (2023-2024), which is paid in monthly instalments. You can apply for a TSL if you are completing an Australian Apprenticeship in a qualification listed on the Trade Support Loans Qualifications list.
You will not have to repay your loan until you are earning an income above the minimum repayment threshold ($51,550 for 2023-24). In order to maintain the real value of the loan, the loan amount will be indexed according to the Consumer Price Index annually.
Once you complete your apprenticeship, you will receive a 20% discount on your loan amount.
If you would like to know more about Trade Support Loans, reach out to either: