Borrow responsibly with affordable loans

Based on 3145 reviews
Say goodbye to high-interest loans and hello to financial control.

Take control of your debt, make regular payments and positively impact your credit score with an employee loan that has a higher acceptance rate and lower interest rates than that of traditional lenders. And with automatic repayments, you're sure to repay on time, every time.

Check if you're eligible to apply below by finding your employer. You'll then be able to review the interest rates and eligibility details on offer specific for your employer.

Get started

How it works

1

Check whether your employer offers Salary Finance as a benefit, and if you're eligible for an employee loan.

media
2

If you're eligible to apply, you'll need to complete a simple online application. Loan applications will be assessed to ensure that loans are appropriate and affordable.

media
3

If your application is approved, your loan is usually in your account within 24 hours, often within minutes.

media
4

Repayments are then taken directly from your salary so you don't have to worry. See your employer page for further details.

media
media
media
media
media
Why Salary Finance

Improve your financial situation

Working directly with your employer allows us to connect your borrowing to your salary, meaning we can usually offer you a better rate than you would get elsewhere. This ensures you can easily consolidate existing high-cost debts and improve your financial situation. Our interest rates (APR) are specific to your employer. Click the 'Check Eligibility' button to find out more.
06 SF Craft

Higher acceptance rate

Taking repayments directly from your salary makes things more secure both for you and for us, so we have higher acceptance than most lenders. See your employer page for more details on interest rates and eligibility details specific to your employer.

More affordable and price promise

We offer loans of up to £25,000 at lower repayments than those of traditional lenders. For loans under £5,000, if you get offered a better rate elsewhere, we promise to match it.

Easier repayments

By taking repayments directly from your salary, you can be confident knowing your loan is being repaid on time.

Borrow
See how Borrow can help you
With Borrow, you can borrow money responsibly to consolidate existing high-cost debts, avoid costly payday loans and stop relying on credit cards.
logo
2 minutes
FAQs for Borrow (Loans)
Frequently Asked Questions - Borrow (Loans)
View All FAQs

Salary Finance loans are personal loans for employees of our partner organisations. They are part of our portfolio of financial wellbeing benefits. Our rates are typically more inclusive and competitive than those of traditional lenders. Our loans usually start from £1,000 and go up to £25,000. Our interest rate (APR) for loans is specific to your employer. Click the 'Check Eligibility' button on our homepage to find your employer. You'll be able to see the interest rates and eligibility details on offer for your employer. In most cases, the interest rate for your personal loan will also take into consideration your personal circumstances, and it will be fixed for the duration of the loan. Your rate will not change if you leave your employer.

If you receive an offer of a loan for up to £5,000 at a lower APR than the one we've offered, we will match the lower APR. The loan that you are requesting we match must be: (1) Unsecured (personal) (2) Not supported by a guarantor (3) For the same amount and term as your Salary Finance loan offer (4) Available to the general public (not reserved for existing customers) (5) Offered to you up to 14 days before or 7 days after your Salary Finance loan offer

The application is simple and online which is relatively quick. Generally no paperwork is needed. In some circumstances we may contact you to provide further information. We can only accept online applications and do not offer a postal or telephone application service. We believe very strongly in responsible lending and will not offer loans that could cause difficulties in repaying, resulting in missed payments which could potentially have an adverse impact on your ability to borrow in the future.

Salary Finance loan repayments are usually made directly from your salary. If for whatever reason we cannot take payments directly from your salary, we will start collecting repayments by Direct Debit at the same interest rate. You can repay the loan in full or make an additional payment at any time, with no fee.

Yes you can. To check pricing and repayments specifically for your employer, click the 'Check Eligibility' button on our homepage. If your employer has partnered with us, you'll be taken to your employer page. On the first page of the application, you can enter a loan amount and a reason. You will then be able to see representative repayments over different loan terms. The repayments displayed on this page are illustrative only. The rate you are offered and repayments may differ depending on your financial situation and specific pricing that is specific to your employer.

No. Payments will be made from your net pay after taxes have been deducted. Salary Finance payments are not a tax exempt benefit-in-kind.

We lend to employees with a range of credit scores. When assessing your application we will look at four things: 1. The overall affordability of the loan 2. Your existing debt 3. Information you provide on your application form 4. Information we receive from the credit referencing agency, TransUnion. Applying will not affect your credit score, as we only perform a quotation search (soft check) on your credit file at this point. It's only when you accept the loan that we perform what's called a 'hard search' that will show on your credit file in future. Only if you accept the loan, will we then run what’s called a hard credit search. This is recorded on your credit file, and your Salary Finance loan will show up when your credit file is checked in future. If your application is approved, Salary Finance loans usually help you make repayments on time through direct payroll repayments, which can help improve your credit score through a period of on-time repayments.

No you do not need to let your employer know. We value your privacy. The loan agreement is between you and Salary Finance. When applying for a loan we will verify your salary, start date, date of birth, and other details that your employer has for you on their payroll (this is to check that you are, who you say you are). Usually, if you take out a loan your payroll department will know that you have a Salary Finance loan but we won't tell them the total amount you have borrowed or any other information you have shared with us. All we send your employer is a file each month which provides a payroll ID and an amount to take from your salary. There are some employers for which we take the loan repayments by Direct Debit.To check details specifically for your employer, click the "Check Eligibility" button on the home page to find your employer. If your employer has partnered with us it will take you to your employer page, where you will find details specific to your employer.

Once you've sent us your bank details and signed your loan agreement, we'll be able to send the loan amount to you. We aim to have the money to you within an hour - loans are sent out 24/7 but things can be a little slower at the weekend and overnight. The funds will be transferred directly to your bank account via faster payments. At most, you should expect to receive your loan within 3 days.

If you leave your employer and there are still loan repayments outstanding, you’ll make repayments by Direct Debit using the bank account details you supplied during the application process. The interest rate and repayment schedule remain the same. For example, we can change your repayment schedule to bring this in line with a new payday. Please give us at least one week's notice of any changes you would like to make.

Click the "My Salary Finance" button on the home page, enter your employer name. You will then be directed to a page specific to your employer. Go to the top right of that page and click ‘Sign In’. Enter the email address you used to register and click 'Having trouble signing in?’. Follow the instructions on screen and you'll be emailed a link to reset your password. Please be aware that this will expire in an hour, so make sure you are able to complete the password reset within this time.