PROGRAM BENEFITS
FinFit is an Employee Loan Program1 designed to enhance benefits packages by providing guaranteed2 short-term loans to employees at no direct cost to employers, and at substantially lower costs than other short-term financial solutions. Employees may request loan amounts from $500 to $50003 (employees may borrow up to half of their Gross Monthly Income), and repay the loan directly through a payroll-deduct process.
Benefits to Employers:
- Less Financial Stress Means Increased Employee Productivity
- No Direct Program Costs or Financial Risk
- 100% Voluntary Program - No Participation Requirements
- Easy Employee Request Process - Self-Service Platform
- Online Verification and Invoicing - Paperless Process!
- Customized Program Designed to Employer Specifications
- Simple Payroll-Deduct Process
- Increased Employee Retention
Benefits to Eligible Employees:
- Guaranteed Approval for Eligible Employees
- No Credit Checks
- Much Lower Cost than Other Short-Term Loan Solutions4
- Reduces Need to Borrow from Retirement Accounts (401k, 403b, etc.)
- Convenience - Online/Phone Request Procedure
- Avoids Lengthy Loan Application Process
- Funds Generally Delivered in One to Two Business Days
1 The product provided by FinFit is a loan or line of credit, depending on employee's residence. See product disclosures for more details.
2 Subject to verification of identity, employment status and eligibility for product. Product Terms and Conditions also apply.
3 The actual amount of loans may vary based on employer specifications, employee's income, employee's residence, and other factors.
4 Annual Fee may apply based on State of Residence.
