Salary Finance is a financial wellness platform that's focused on solving the root cause of employee financial stress: a lack of savings, caused by high-cost debt.
Salary Finance is a voluntary benefit, meaning only employees who are interested apply. It's available at no cost and no liability to your employer.
According to our 2019 survey of 10,484 US workers, many are financially stressed, causing anxiety, depression, and sleepless nights.
This leads to less engaged and less productive employees who are less happy at work.
With Salary Finance, you can pay down existing debt (like credit cards or payday loans) by replacing them with a single, low-interest employee loan repaid directly from your paycheck**.
Repayment is taken automatically through payroll deduction, so you don't have to worry about missing payments. The Salary Finance team also partners with your employer on communication to help make sure employees who need the benefit most are aware of it.
We'll work directly with your employer to launch the Salary Finance benefit, which only takes a few weeks. It's integrated with your employer's payroll process, which allows repayments to be taken directly from salary**.
"I was at a loss with a situation that I was having to deal with on my own. My company I worked for partnered with Salary Finance to offer relief to us in need. I applied hoping for the best. Got approved and payroll deduction. A win, win."
"I now have a chance to build my credit without all of the ridiculous interest and fees other services entail. I am super happy with Salary Finance."
If you'd like your employer to offer Salary Finance as a voluntary benefit, fill out the form at the top of this page and we'll reach out to your HR team.
*Salary Finance employee loans have a fixed Annual Percentage Rate of 5.9% to 19.9%, making them an affordable alternative to many other borrowing options.
** Employees who primarily work in DC, IN, NH, NJ, NY, PR, WV are not able to make repayments via salary deduction due to state law, and instead will be asked to choose an alternative repayment method.