HELP EMPLOYEES AVOID HIGH-COST DEBTOur employee loans are typically more inclusive and competitive than traditional lenders, helping employees to pay off existing high-cost debt or provide a safety net for financial emergencies.
By linking repayments to salary we help employees pay on time, every time, improving their credit score and saving on interest costs. Find out more
WE HELP CONSOLIDATE PROBLEM
DEBT AND REDUCE INTEREST COSTS
+26%Average unsecured personal debt in the UK has increased by 26% since 2013 to £3,900 (Source: Bank of England, Office for National Statistics)
-10%Personal income in the UK has decreased by 10% in real terms over the past decade (Source: Office of National Statistics data adjusted for CPIH)
-66%Salary Finance users cut down their loan interest costs by 66% on average (Source: Harvard University research (‘The Power of Salary Link’, May 2018))
COMPETITIVE INTEREST RATES
Collecting repayments via payroll makes it simple to stay in control and keep up with repayments, which can help to improve credit score over time.
Salary deduction also significantly reduces our costs. We pass the savings straight to our customers to offer highly competitive interest rates.
THE FOUNDATION FOR FINANCIAL WELLBEING
Borrow can be a lifeline for people that are excluded from mainstream financial services. We help improve both their mental health and productivity at work by providing a way out from under the weight of debt.