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How salary-linked loans help businesses

We have had the great pleasure of working with Harvard Kennedy School on a research study that quantifies the impact that Salary Finance’s loans benefit brings to employers and their employees.

 

The review and analysis, has shown that:

 

  • Employers that have launched Salary Finance have seen a material improvement in employee retention. On average they have seen a 28% increase, creating millions in cost savings for employers.
  • Employees that use Salary Finance have saved around two-thirds in interest repayments compared to other options. This is the most amazing validation of our aim of helping employees out of debt and into savings sooner.

The full report from Harvard Kennedy School, including the analysis on Salary Finance, can be found here, and a summary has been featured in the Wall Street Journal here.

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