Why Money Factory For Employers

An Employee Benefit that comes COST FREE and RISK FREE to you!

Partner with Money Factory today and make your Employees Dreams Come True at No Obligation or Cost to you!

Sounds too Good to be True?

Read on to See How Money Factory Does it and why you should Partner in this path breaking initiative.

All Employers are forced to give Salary Advances to their employees, if it is granted to some and not to others then dissatisfaction may set in.

A significant portion of the company’s working capital gets tied up in these advances and affects the company’s functioning, and adds to administrative costs to monitor and recover advances.

Employee morale and productivity suffers if urgently needed funds for medical emergencies, school fees or even that much needed celebration or gadget is not provided. Employee productivity drops and employees spend time and effort to hunt for funds from other sources; valuable time which would otherwise have been spent on company efforts.

Studies show 1 in 3 employees worry about their financial problems and for 50% of them this affects their performance.

Employees borrow at exorbitant rates from loan sharks or against credit cards and fall into debt traps from which they cannot emerge.Studies show many employees (upto 50% of the work force in some cases) spend 25 to 60% of their salary servicing loans borrowed at extortionate rates. It is also seen that lending happens between employees at the workplace affecting work culture and relationships.

In a worst case scenario dissatisfaction and money issues can lead to higher Employee Attrition rates.

Solve all these issues by Just Saying YES to a Rewarding partnership with MONEY FACTORY.

As simple as 1..2..3
Step 1

Sign up to Partner Us: It entails a simple agreement between the Employer and Money Factory and the employer has no cost or risk to bear, the system can be integrated with your payroll to make it hassle free.

Step 2

Announce the Partnership to Your Employee team and we are set to relieve you of an Onerous Financial and Administrative burden.

Step 3

Your employees fill up the Application form /establish eligibility and complete the simple documentation process - and Hey Presto the money is in their accounts. All set to make their Dreams Come True!

Free of Charge
Frees up your working capital
No risk of non repayment
No administrative burden
Employee job satisfaction
Employee loyalty
Increase in productivity

RESPONSIBLE LENDING

We lend loans amounts which can comfortably be repaid by your employees, so as not to burden them with overwhelming EMIs, which will in turn affect their productivity and your company’s efficiency. Doesnt encourage debilitating long term debt.

OUR SERVICES ARE COMPLETELY FREE OF CHARGE TO THE EMPLOYER ORGANISATION.

Just Drop us a mail or give us a call to partner with us and make your employees dreams come true.

Short term loans addressing a borrower group and requirement which is underserved and not normally serviced by banks etc.

Can be swiftly used to pay off other high cost borrowing and improve employee cash flow.

No minimum Amount, no Minimum Tenure. Loans sanctioned irrespective of employees income levels, CIBIL scores and other traditional eligibility criteria.

No Foreclosure charges - Employees can borrow when they want and repay when they want, making this the cheapest and most flexible lending package available.

Very Attractive Interest rates which don’t burden the Employee. Far less than other short term credit sources. 24% to 30 % on diminishing balance which corresponds to 12% to 18% flat.

Transparent quick and ethical process which doesn’t Require CIBIL rating or lengthy credit checks, since it is integrated with employers payroll. Typical processing times when documents are in order is 24 hours!