We help workers in the UK gain control of their finances by showing them how they can manage their money better. We do this through our guides and education program, our FinFit (short for Financial Fitness) budgeting tools and our salary advance loan. We believe fewer money worries result in more focus and productivity, not only in personal life but also in work life.
Do you want to create a more stress-free environment in your workplace? Find out how our employee benefits can help your staff members today:
We have been in the loan industry since 2012. We received more than 1 million short-term loan applications during this time, demonstrating a real need for smaller loan amounts borrowed over shorter periods. The challenge was providing loans with low interest rates - which most short term loans did not offer. In 2020, we began working on WorkLoan to offer salary advances in the form of a loan with fairer, lower interest rates than what was available on the short term market.
Our experience also showed a financial knowledge gap, which resulted in many turning to high-cost lenders regularly instead of using these as a "one-off solution". As a result, we have put our financial education programme at the forefront of what we do. Our free tools and guides help workers see how they can manage their finances better. Worrying less about money problems helps people in their personal lives and helps improve productivity within the workplace. But, it did not end there.
We believe clear financial insight and straightforward comparisons can help people make better financial decisions, so we developed a financial services comparison service, MustCompare. Here customers can make a straightforward comparison without filling in forms and giving their personal data away. Plus, it's free to use.
There is no cost to companies who sign up for our WorkLoan services. Contact us today to find out how our work benefits can help your staff and business.
Our mission is to improve financial well-being and productivity within the workplace by providing practical financial knowledge to staff and an ethical lending solution. We believe we can do this through:
We understand how vital workplace well-being is to the success of your company. We also know that recruiting and retaining staff is both expensive and challenging. That's why we offer products and services that help build loyalty and focus. The employee benefits we provide to businesses include:
(find out more how our personalised budget reports can help employees)WorkLoan employ benefits can help your organisation:
To find out why companies trust us, visit our “Why organisations choose us” page.
An employee may need financial help in the form of a loan, and although we want to help, we must help in the right way. We are a responsible lender, which means before agreeing to provide a salary backed loan, we perform checks to ensure the product is suitable for the staff members situation. We make sure it will not harm them financially and that it is realistic for them to make repayments.
To make sure we follow regulation at all times, we will provide all workplace materials and information about our products and services. We will also provide training and guidance so you can be confident that we are compliant at all times. We are authorised and regulated by the FCA.