FAQs by Admin on Loan Marketplace
Frequently Asked Questions (FAQs) by Admin
Q: Who are the loan providers?
We currently partner with Yield Bank, Fundit, and Yalo to offer employees access to loan options. As we continue to expand our marketplace, additional lending partners will be introduced to provide even more financing options.
Q: How do employees apply?
Employees apply directly in the PaidHR app from the Request module.
Q: How does it get approved?
When a request is submitted, it first comes to you for approval, then it is transferred to the loan provider for final approval and disbursement.
Q: Do employers carry any risk?
No. Loans are agreements between the employee and the loan provider.
To learn more about how your loan application, personal information, and repayments are managed with our lending partners, please visit our Privacy Policy.