Training Loan Program
Flexible Financing for Employees and Employers
Our Training Loan Program provides flexible financial solutions to support career growth and skill development. Designed for both employees and employers, this program helps manage training budgets and promotes continuous learning for professional advancement.
Why Choose the Training Loan Program?
How It Works
01
Application by Employee
Employee applies for a training loan through their employer:
✓ Fill out the training loan application form provided by the employer.
✓ Specify the course and training provider (must be HRDF accredited or
approved by the employer).
02
Approval by Employer
Employer reviews and approves the training loan application:
✓ Assess the training course and its relevance to the employee's role and
development.
✓ Approve the loan amount and terms.
03
Loan Disbursement
Loan amount is transferred from the employer
to R Learn:
✓ R Learn credits the amount to the employee’s account for course
enrollment.
✓ Employee receives confirmation of course registration and loan details.
04
Course Completion
Employee completes the training course:
✓ Attend the course and meet all requirements.
✓ Obtain the certification or proof of course completion.
05
Invoice and Repayment
Invoice is issued to the employee:
✓ Employee claims reimbursement from HRDF if applicable.
✓ For non-HRDF courses, the employee repays the loan amount minus any
available training budget in installment.
06
Employer Notification
Employer is informed upon course completion:
✓ Receive details of the employee’s progress and completion.
✓ Deduct repayment amount from employee’s end-of-service benefits if
necessary.
For Employees:
✓ Must be employed and have approval from the employer.
✓ Eligible for HRDF accredited programs and approved courses.
For Employers:
✓ Must be registered and recognized by R Learn.
✓ Ability to set limitations on eligible courses.
For Employees:
✓ Access to high-quality training without upfront costs.
✓ Flexible repayment options.
For Employers:
✓ Effective management of training budgets.
✓ Enhanced employee skills and competencies.