Management of the Teachers Fund has issued an official notice to clarify recent concerns surrounding the affordability of loan applications submitted by some members.
According to the Fund, assessments conducted through the Third Party Referencing System (TPRS) revealed a decline in the affordability levels of certain applicants. This situation followed payroll deductions made for teachers’ Continuous Professional Development (CPD) and the National Teaching Council (NTC) Teacher Licence Fee. These deductions were captured in the December 2025 payroll and consequently affected the affordability calculations. In some instances, the deductions resulted in zero affordability.
As a result, some applicants are currently unable to qualify for the loan amounts they applied for. Engagements between Management and the TPRS team indicate that the identified affordability challenges are expected to be fully corrected after the January 2026 payroll run.
In the interim, the processing of loan applications for affected members has been temporarily suspended until the next payroll window in January 2026. This development is expected to impact the processing timelines of the affected applications.
Management has therefore appealed to all District Secretaries to ensure that this information is promptly communicated to concerned loan applicants. Members are encouraged to remain patient as the necessary adjustments are being addressed.
The Fund has reaffirmed its commitment to transparency and to supporting members while ensuring accurate and fair loan assessment processes.