Company Partnership – A business partners with GenerationMoney to make the Group Loan available to its employees.
Employee Enrollment – Employees opt-in and access loans under the group arrangement.
Loan Disbursement – Funds are disbursed to each participating employee.
Repayment Made Easy – Monthly deductions are taken directly from salaries and remitted by the company, or employees can repay individually via cheque or electronic debit from their salary accounts.
What is the Group Loan?
The GenerationMoney Group Loan is a simple and flexible financing option designed for employees within an organization. Instead of each staff member applying individually, the Group Loan is offered as a bundle package, making it easier, faster, and more convenient for employees to access credit.
How It Works
Key Features & Benefits
Group Access – Employees gain access to loans through their employer’s partnership with GenerationMoney.
Flexible Tenure – Loan repayment periods of up to 15 months.
Convenient Repayments – Monthly deductions directly from salaries ensure stress-free repayment.
Fast & Hassle-Free – Reduced paperwork and quick disbursement under the group arrangement.
General-Purpose Use – Employees can use the loan for personal, family, or financial needs.
Who Can Benefit?
Employees of companies who want easy access to affordable loans.
Employers who wish to provide staff with financial support and added benefits.