SalaryBoost is an
Employee loan

SalaryBoost is an employee loan product from achievePayroll. We understand that unexpected expenses can arise, which is why we have made it easy for your employees to borrow up to one
month’s net salary, with repayment spread over six months. With no need for collateral or guarantors, it is a hassle-free way for your employees to access funds at competitive rates. As an employer, you will benefit from improved employee financial wellness and productivity. Plus, loan repayment deductions are seamlessly integrated into payroll for added convenience.

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What Are Your Responsibilities as an Employer?

We have made it easy for employers/users to support their employees’ financial wellness with SalaryBoost. All you need to do is download the remittance schedule generated by the software and instruct your bank to settle the payments using your preferred method. It is hassle-free and won’t take up much of your time. By fulfilling your obligations, you will be providing your employees with a valuable benefit that can help them manage unexpected expenses and improve their financial wellness.

To get started with SalaryBoost

Sign up or keep using achievePayroll for your payroll processing and benefit administration needs

We'll work with you to customize the lending criteria to meet your requirements and set up the loan product for your employees

Our loan product is already included as part of the terms of use of the software, so your employees will receive marketing messages and app notifications for the loan product once they sign up

Please note that as part of the process, you'll be required to sign an MoU to demonstrate your commitment to making the SalaryBoost deductions from your employees' payroll. However, we've made this process as simple and straightforward as possible, so you can get started quickly and easily

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Frequently Asked Questions

SalaryBoost is a payday loan product from achievePayroll that allows employees to borrow money fromtheir upcoming salary.

SalaryBoost is available to employees whose employers use achievePayroll for payroll processing. Employees can borrow up to one month's net salary and have up to six months to repay the loan.

Any employee whose employer uses achievePayroll for payroll processing and has been part of the last two pay runs on achievePayroll can apply for SalaryBoost.

The maximum loan amount is one month’s net salary.

You have up to six months to repay the loan.

Interest rates for SalaryBoost are competitive and affordable.

No collateral or guarantor is required for SalaryBoost.

You can apply for SalaryBoost through the achievePayroll Employee Self-Service platform.

The approval process for SalaryBoost is quick and easy, with funds available within 7 days.

If you can't repay the loan on time, you may face penalties and additional interest charges.

Yes, you can pay back the loan early without penalty.

The loan repayment will be deducted from your salary as a deduction from source.

No, if your employer uses achievePayroll, you are eligible to apply for SalaryBoost.

Yes, you can apply for SalaryBoost multiple times, subject to eligibility criteria.

SalaryBoost is a unique loan product that is affordable, requires no collateral or guarantor, and is only available to employees whose employers use achievePayroll for payroll processing.

The benefits of SalaryBoost include affordable interest rates, quick and easy access to funds, and no collateral or guarantor requirements.

SalaryBoost can help improve your financial wellness by providing access to affordable credit for
emergencies or unexpected expenses.

Yes, SalaryBoost is an affordable loan option with competitive interest rates.

A controller loan is a type of loan where the employer acts as the lender. SalaryBoost is a controller loan product offered through achievePayroll.

Yes, SalaryBoost is a quick loan option that can provide funds for emergency situations

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Employers SalaryBoost

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Employees SalaryBoost

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PLEASE READ THIS ACHIEVEPAYROLL AFFILIATE PROGRAM AGREEMENT CAREFULLY

THIS AFFILIATE PROGRAM AGREEMENT (“this Agreement”) is

Between

SPRY LIMITED, a limited liability company incorporated and existing under the laws of the Republic of Ghana and having its registered office at 47 Osu Badu Crescent, Airport West, Accra, in the Greater Accra Region of the Republic of Ghana (hereinafter referred to as “Spry”) of the one part;

and

YOU (an independent contractor) who agrees to introduce achievePayroll to your network of friends on the various campuses in exchange for commission (hereinafter referred to as “Affiliate”).

By signing up for the achievePayroll affiliate program, you are agreeing to this agreement.

In consideration of the mutual covenants and promises stated herein, the Parties hereby agree as follows:

DEFINITIONS:

“Affiliate Code” means the unique alphanumeric key Spry shall provide to the Affiliate to be used by an Affiliate Lead to request for a demo or prior to onboarding.

“Affiliate Lead” means a prospective client who expresses interest in using achievePayroll and requires to see a demo.

“achievePayroll” mean the cloud-based payroll and human resource management software for payroll processing developed and maintained by Spry limited.

”Client” means an organization that agrees and gets onboarded and uses the achievePayroll application for its payroll needs through the efforts of the affiliate.

“Day” unless indicated otherwise, all references to “days” shall mean calendar days.

“Employee” means a worker for a Client on the achievePayroll software 

Other capitalized terms shall have the meanings ascribed to them in the body of this Agreement.

 SPRY’S RESPONSIBILITIES

a. Spry shall provide the Affiliate with all information needed to market achievePayroll; question and answer documents, and marketing collateral documents.

b. Spry shall provide weekly updates of the number of Clients and Employees, who have been onboarded via the Affiliate’s unique Affiliate code and the total commission earned.

c. Spry shall make a payment of GHC500 in respect of a Client with an Employee strength of 35-99; GHC700 in respect of a Client with an Employee strength of 100-150, and GHC1,000 in respect of a Client with an Employee strength of 150 and above to the Affiliate if he/she refers a client to achievePayroll and that Client processes at least one payroll on the achievePayroll application.

d. Spry shall make payments of the commissions earned by the Affiliate by the 30th of every month.

AMBASSADOR’S RESPONSIBILITIES

a. The Ambassador agrees to promote, and market achievePayroll; to his/her network of friends/followers.

b. The Ambassador shall promote, and market achievePayroll using only information approved by achievePayroll. Any marketing material or advertising relating directly to the achievePayroll app and prepared by the ambassador shall be submitted to Spry (AchievePayroll) for approval before use.

c. The Ambassadors shall highlight the benefits, features, and share examples of use of the achievePayroll App to his/her friends/followers and encourage them to download, sign up and use the app.

d. The Ambassador shall share his affiliate code with his/her audience to cite during the demo or onboarding.

DURATION AND TERMINATION

This Agreement shall be effective as of March 1, 2022 and shall continue for 6 months.

This Agreement can be terminated by either party giving a one-week notice to the other Party

GOVERNING LAW

This Agreement shall be governed and construed in accordance with the laws of Ghana.

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