Tadi Loans Staff Loan product enables you to offer credit to your employees. The product aims to provide more affordable, responsible access to finance for employees combined with training around the use of loan products to ensure over indebtedness of employees are eliminated.
Due to amendments made to the National Credit Act made in May 2015 it is now illegal to loan any money if not registered as a credit provider. This effectively makes staff loans given to employees by the employer illegal. Thats where Tadi Loans Staff Loan are able to assist.
Due to the fact that collections will be done via your payroll the risk is minimised and we can offer a more affordable loan product to your employees.