Staff Loans

A Payroll-Backed Credit Benefit for Your Employees

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FinSphere Staff Loans give your employees access to responsibly priced personal credit, repaid directly through payroll. We work with the employer first: once a stop-order arrangement is agreed, your staff can borrow at rates that reflect the lower risk of payroll-backed collection, rather than turning to informal or high-cost lenders. The programme is offered at no cost to the employer.

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Benefits

  • No cost to the employer to set up or administer
  • Better rates for staff than informal or unsecured credit
  • Repayments collected by payroll stop-order arrangement
  • Registered credit provider, with every application affordability assessed
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Use Cases

  • Employers looking to displace informal lenders in their workforce
  • Consolidating existing staff debt into one affordable repayment
  • Moving an existing staff loan book to a regulated provider

Empowering Your Business with Strategic Financing Solutions. Tailored financial solutions to fuel your growth

Disclaimer

 NCRCP19096

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