What are payroll loans?
Payroll loans are funded by a pool of FunderJet Investors registered on our platform or by employers who want to offer this service to their employees.
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FunderJet facilitates the loan process by using its technology to vet and assess the affordability of each borrower. This arrangement allows employees to access financial assistance conveniently.
Loan repayments are automatically deducted from employees' salaries, ensuring timely payments and reducing the risk of default. This benefits both employees, who receive financial support, and investors, who face lower non-payment risks.
FunderJet facilitates this peer-to-peer process, safeguarding both investors (employers) and borrowers (employees) through our digital FunderJet platform.
Employers can assist their employees in a responsible manner, ensuring employees never miss a repayment. This not only helps employers but also prevents employees from developing unmanageable debt cycles.

How do we create a financial ecosystem that is inclusive to all members?
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Provide loans to members at a much better rate, bringing down the cost of credit and
enabling more participants to get access to funding when needed -
Provide a safe place for investors to fund the different loan products, and receiving a
competitive yield on their investments -
Partnering with both the employer and employees to create a sustainable ecosystem for both to thrive
FunderJet has built a platform that matches employee borrowers with either an Employer fund, or investors from our platform to administer and fund loans through the platform.
Addressing Employees needs
Employees continuously balance between their working commitments, and personal, but often
these two mix into one. With employees participating as borrowers – FunderJet can help them with the following:
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Provide affordable access to short term financing such as school fees or education
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Providing more medium term credit to assist in revamping their home, or even assisting
family members in need -
Alleviate existing debt burden and the stress it causes by providing loan consolidation and financial wellness education
Addressing Employer needs
Employers play a vital role within the ecosystem as the relationship between employee and
employer become increasingly important. Currently employers have to address the following
concerns on a daily basis:
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No Loan Process for Staff: Employers cannot provide financial assistance due to the National Credit Act, even though they may wish to
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Higher Absenteeism: Employees experiencing stress from mounting debt may lead to increased absenteeism at work.
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Increased Attrition: Employees may leave for slightly better salaries, resulting in higher staff turnover
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Investment Opportunity: Invest funds that currently do not earn any return, providing a great investment return while helping your staff out
Employer benefits
Employees and suppliers can receive much lower interest rate loans (based on flexible credit products) and Employers with investors can enjoy lower risk returns – truly a win-win
ecosystem!

​How does it work
Employers and Employee both have an active role in the loan process, with the FunderJet platform
making the process simple and easy to complete.
We provide the following:
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Mobile Loan application interface – easy to use
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Interactive HR portal for approvals and management
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Simple administration process and analytics
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Process that is fully FIC and NCR compliant