Welcome to Employee Loans

Employee Loans offers a win-win situation for employers and employees alike.

Our exclusive interest rates, convenient repayments and multiple finance options make us the most reliable alternative for employees, while allowing employers to give their staff an extra benefit at no cost or risk to their business.

Happy employees make better businesses. Contact us today to change your employees’ lives for the better.

young female professional

Why choose Employee Loans?

Find out how we can help you help your employees

No Cost

There is no cost to you as an employer. We just need to set up the scheme with your company’s payroll and the loan will be arranged directly under the employee’s name, with no additional costs to you. A free benefit that will make your employees happier and your business more efficient.

No Risk

The loan is made directly to the employee, not to your company. As an FCA regulated company with a strong focus on ethical lending, we will ensure that employees are treated fairly at every stage of the loan process, and that all arrangements will comply with consumer finance regulations.

No complex Tax issues

You will not have to worry about complex tax issues, such as the benefit-in-kind legislation. The process will be simple and transparent and, if an employee leaves the company, the loan repayments can be easily transferred to a direct debit arrangement.

An employee benefit that will make your life easier

Employee Loans allows you to get finance solutions through your employer at exclusive rates – you could save hundreds of pounds!

Enjoy the flexibility of our different finance options and the convenience of smooth monthly direct repayments, while knowing that you will be supported and treated fairly every step of the way by an ethical lender.

Frequently asked questions

The most common questions asked by our customers

Employee Loans is a simple employee benefit loan scheme that allows employers to offer their employees access to car finance at exclusive rates.

The finance agreement will be under the employee’s name, meaning there’s no cost or risk to the employer and the monthly repayments will be deducted directly from the employee’s salary.

If you are an employer and would like your company to be a part of Employee Loans, all you need to do is contact us by calling us on 01202 688177 or emailing us at support@employeeloans.co.uk.

We will need you to tell us how many employees you have and how you run your payroll system, so we can help you set up, and that’s it!

As a member of Employee Loans, all you’ll need to do next is enjoy the positive feedback from your happy employees.

In a word, no! There is no cost to the employer other than the time required to set up the scheme with their payroll team, which is minimal.

There’s also no risk associated with the Employee Loans scheme, as the loan is made directly to the employee, who will have their repayments deducted from their monthly salary.

Employee Loans are fully regulated by FCA, so we will be responsible for the loan process at all stages to ensure that employees are treated fairly.

Being a member of Employee Loans won’t involve any complex tax issues for the employer, such as the benefit-in-kind legislation.

The finance agreement taken by the employee will be deducted directly from their monthly salary for the duration of their employment at the company.

If the employee leaves the company before the term of their agreement, we will arrange for the remaining repayments to be made by the employee via direct debit.

Employee Loans is a simple employee benefit loan scheme that allows employers to offer their employees access to car finance at exclusive rates.

The finance agreement will be under the employee’s name, meaning there’s no cost or risk to the employer and the monthly repayments will be deducted directly from the employee’s salary.

Employees can choose from several finance options, according to their personal circumstances.

We can provide finance for a loan secured against the employee’s existing vehicle, refinance their current car using our exclusive rates, release equity on their existing vehicle or help them change cars by choosing from one of the many options available on our stock list. We are also able to provide debt consolidation solutions and personal loans to suit every employee’s needs.

We can also offer a complete car buying service, where we help the employee select and finance their car, and deliver it straight to their door in impeccable condition.

The amount of the loans we provide ranges from £3,000 to £100,000.

If you are an employee and would like your employer to become a member of Employee Loans so you can enjoy our exclusive rates, you can either call us on 01202 688177, fill out our quick contact form to provide us your company’s information, or let your employer know about us and have them contact us directly.

Either way, our team will always do their best to help you and your employer!

The rate of interest and the terms of the loan will depend on each employee’s personal circumstances. That is why our expert finance advisors will guide each employee through thorough affordability checks.

Typically, loan rates fall within the range of 6.9% to 30% APR and the loans are for a term of 2 to 5 years. Our exclusive rates were designed to reduce the cost of a loan compared with what employees would get if their employer wasn’t a member of Employee Loans.

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We’re here to guide you!

Monday to Friday (9am to 6pm).

Email: support@employeeloans.co.uk
Telephone: 01202 688177

UK residents only. Calls may be monitored or recorded.