1. Allows the employer to concentrate on their core business and ensuring that available financial resources are not tied in non-interest earning assets such as ‘Staff Receivables.

2. Longer tenors for cash advances.

3. Financial empowerment to the benefiting members of staff .

4. Free to access funds in line with their financial plans from time to time.

5. The employer doesn’t have to guarantee the employee loans but simply undertakes to collect the repayments from the employee through the payroll.

6. The employer exercises control over its employee’s borrowings through the pre-approval form and provides direct input to who has access to a loan and to what extent.

7. Top up loans are allowed in the case of an employee with an existing loan, as long as the total exposure falls within the defined debt service ratio of 40 to 45%.

8. Access to loans isn’t restricted to certain time brackets .

9. Loan processing is expeditiously done.

10. No additional security from neither the employee nor the employer.