What is Salary Finance?
Salary Finance is a financial wellness benefit offered by employers to help employees better manage their personal finances and access affordable credit. It provides employees with access to a range of financial products and services, including low-interest loans, salary advances, budgeting tools, and financial education resources.
The primary goal of Salary Finance is to assist employees in breaking free from the cycle of high-interest debt and predatory lending practices. By offering fair and transparent financial solutions directly through their employer, employees can access funds at much lower interest rates than traditional credit cards, payday loans, or other high-cost borrowing options.(Read more)