A better way for your teams to borrow
Affordable loans that help people move forward
Borrowing that puts people in control
Credit is hard to come by for many people, especially those with a low income or a challenging credit history. We know that on average we can save our members £593 per loan vs loans they previously used.*
Workplace Loans offer low, competitive interest rates compared to those previously used by our members, and no hidden fees. Plus, employees repay it directly from their pay.
Which means less stress and happier, more engaged teams.
Loans based on real lives
We look at payroll, timesheet and members’ spending data to get a true picture of people’s finances – not just their credit history – so we are able to approve members with lower credit scores based on their employment history. On average, our members save £593 per loan vs their previous loans.*
Members save £100s in interest and fees
Members pay less interest than they would with other lenders: on average, we can save £593 for our members.* Repaying directly from their pay means there’s no need to worry about late payment fees. And they can repay the loan any time, with no charge.
Tailored support if there’s a setback
Sometimes we can’t lend to someone, which can feel like a setback to them. So, we support members with tools to take control of their financial situation: our Coach tool helps members build their money skills, budget, and claim all the benefits they’re due. For those who may need assistance we refer members to StepChange to receive information about managing and consolidating debt.
If a member is struggling to pay their loan, we have a support team who specialise in financial difficulty who are available to assist and review the options available to them.
No admin or liability for employers
Members apply for the loans directly from the Wagestream app. We integrate with your payroll systems to automate repayments. And loans are direct with members, so there’s no risk to your organisation.
“I was planning to pay off my debt in 5 years, now I think it’s doable in 3.”
James
Wagestream Member
Take a tour of Workplace Loans
Why members love Wagestream
Everything you need to support your team’s financial wellbeing
Measure success in real time
The Employer Dashboard lets you track the impact of your Wagestream benefits, with anonymised usage data and trends. See what products are being used and how they’re improving your colleagues’ financial health.
Get insights and improve
Break the information down by division to get a real-time picture of employees’ financial needs – so you can enhance and improve your financial wellbeing strategy.
Financial benefits made easy
Secure integration
Wagestream is an ISO 27001 certified platform that can connect to any payroll, HR or time and attendance system.
No risk or disruption
We work with your teams to handle all of the setup, including validation and compliance. That means you can launch your employees’ financial wellbeing benefits quickly and easily.
24/7 support
Once you’re up and running, we handle all technical support and member questions in the app or portal – responding to 95% of queries within 30 minutes.
Secure integration
Wagestream is an ISO 27001 certified platform that can connect to any payroll, HR or time and attendance system.
No risk or disruption
We work with your teams to handle all of the setup, including validation and compliance. That means you can launch your employees’ financial wellbeing benefits quickly and easily.
24/7 support
Once you’re up and running, we handle all technical support and member questions in the app or portal – responding to 95% of queries within 30 minutes.
Workplace Loans facts
What happens if someone leaves the company?
How do you keep members’ data safe?
Our library
Diversity, Equity & Inclusion in the Workplace
Financial inclusion - four tips to level up
Anchor's financial wellbeing success story
Ready to connect?
Talk to us about the positive impact we can have on your teams and your business.
