What is
SalaryBoost?
It allows employees to borrow up to one month’s net salary and take up to six(6) months to repay it. It comes with numerous advantages such as no collateral and no guarantors required, making it an ideal choice for employees looking to secure additional funds at competitive rates.
Who Qualifies?
To qualify for SalaryBoost, an employee must have been part of the last two pay runs on achievePayroll, and must also meet the lending criteria that you’ve set as an employer. This valuable benefit can help your employees manage unexpected expenses and improve their financial wellness, while also showing your commitment to supporting their financial needs. We take care to ensure that we lend only to employees who meet the eligibility criteria, and we work with you to ensure that we are aligned with your lending policies (where applicable).
How do we get started?
Loan Calculator
Frequently Asked Questions
SalaryBoost is a payday loan product from achievePayroll that allows employees to borrow money fromtheir upcoming salary.
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