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Can learners with a poor credit history and/or previous loan history apply for the loan?

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Can learners with a poor credit history and/or previous loan history apply for the loan?

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The decision on whether a learner is successful in their application for a Professional and Career Development Loan is up to the participating bank. As with any application for a personal loan, banks will assess an individual’s ability to repay the loan and their credit history. For learners who have had financial difficulties in the past, it’s best to discuss these with the chosen bank before applying for the loan. Learners can only apply to one bank at a time – but if one turns a learner down, they may succeed with another.

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