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Payroll Loans

Quick access to funds aligned with your salary schedule.
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Payroll Lending

or salary deduction loans, is a type of financing where lenders provide loans to employees, and loan repayments are directly deducted from the employee’s salary.

This type of lending typically involves agreements between employers and financial institutions, enabling a smoother and more efficient loan repayment process.

Companies that provide payroll loans typically partner with employers to offer these services to employees.

These loans can come in the form of personal loans or consolidation loans.

Benefits for Employees

Payroll deduction loans offer employees a convenient and affordable way to access funds, with repayments automatically deducted from their salary. These loans provide quick cash for emergencies, typically feature lower interest rates, and don’t require guarantors or collateral. Flexible terms allow borrowing small amounts suited to income, making repayment manageable while avoiding payday loan pitfalls. Plus, timely payments can improve credit scores.

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Consolidation loans

Consolidation loans are loans used to pay off multiple existing debts, combining them into one larger loan. When done through payroll lending, it means that employees can pay off multiple outstanding loans via salary deductions, simplifying their financial obligations.

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Benefits for Employees

Loan consolidation through payroll deduction simplifies debt management by combining multiple loans into a single payment, deducted directly from the employee’s salary. It often reduces interest rates and monthly payments, helping employees save money and avoid late fees. With predictable payments, budgeting becomes easier, and timely repayments can improve credit scores. This streamlined approach helps employees become debt-free faster and gain better control of their finances.

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Financial Wellness

Lndr Financial wellness

Lndr is your partner in financial wellness, helping employees achieve financial freedom while empowering employers to build a financially secure workforce. We offer debt relief, financial education, and tailored payroll deduction solutions at no cost to companies. Employees benefit from reduced debt, competitive loan rates, and tools for long-term growth, such as credit tracking, education, and investment opportunities. Employers see improved productivity, morale, and retention by addressing financial stress. With Lndr, employees gain control over their finances, achieving a brighter future while fostering a culture of responsibility and well-being.

Help & Support

Although we leverage digital solutions for efficiency, our team of dedicated professionals is ready and eager to assist you. Reach out to us—let’s make your financial goals a reality together.

We still have some of them…

Speak to a human

+27 (0)87 012 5461
info@lndr.credit

Fintech Campus
Cnr Lynnwood & Botterklapper, The Willows, Pretoria, Gauteng