SalaryFinance is a new employee benefit whose mission is to save UK workers £4bn per annum through lower interest repayments. SalaryFinance works with progressive employers to help their staff reduce their personal finance interest costs. Their platform allows employees to take out loans when they need it, with repayments collected from salary deductions. This repayment method substantially lowers risk/cost, the savings from which we pass on to employees. They focus on reducing the cost of existing borrowing, rather than encouraging more. On average, employees who use SalaryFinance, benefit from an equivalent 2-3% pay rise, through lower interest costs. There is minimal admin and no cost or liability for employers, making SalaryFinance a win-win product, for employers and their staff.
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