Loancor partners with South Africa’s leading companies to provide employees with confidential and responsible access to payroll loan solutions.
To empower working South Africans by providing responsible and dignified financial solutions through trusted employer partnerships.
We believe that access to credit should be simple, transparent, and respectful. We partner with companies who share our commitment to employee well-being, creating a financial benefit that supports individuals and, in turn, strengthens the communities we all live and work in.
Our mission is guided by three fundamental principles. They define every interaction we have with our partner companies and their employees, ensuring a service built on trust and mutual respect.
We believe financial services should be empowering, not intimidating. We are committed to a process that is fair, confidential, and easy to understand, treating every client with the consideration they deserve.
There are no surprises. From the application through to the final repayment, all terms, rates, and costs are communicated clearly and simply. We believe in straightforward, honest lending.
We succeed when our partners and their employees succeed. We focus on building lasting, supportive relationships with companies to provide a stable and reliable financial benefit that contributes to overall employee wellness.
Designed as a short-to-medium term financial tool, it provides you with access to funds to manage life’s planned and unexpected expenses—from covering emergency medical costs or vehicle repairs, to funding educational opportunities or home improvements. It is a stepping stone to financial stability, offered in a responsible and structured way.
Our payroll loan is structured with features that promote clarity, predictability, and financial control.
Benefit: Budget with Certainty.
Your repayment amount is fixed for the entire duration of your loan, so you will always know exactly what to expect on your payslip. No surprises, ever.
Benefit: Effortless & On-Time Payments.
Repayments are automatically managed through your company’s payroll system. This means you never have to worry about remembering due dates or making manual payments.
Benefit: Affordable & Fair.
Because the loan is secured against your salary and managed through your employer, the risk is lower. We pass this benefit on to you in the form of fair and competitive interest rates.
Benefit: Save Money & Gain Flexibility. If your circumstances change and you’re in a position to pay off your loan sooner, you can do so at any time without incurring any financial penalties, potentially saving you on interest.
The Loancor benefit is available to permanent employees of our partner companies. To ensure a responsible lending process that protects you, the following general eligibility criteria apply.
Please note: Final eligibility and the loan amount offered may be subject to your company’s specific policies in addition to a final affordability assessment.
We understand that financial matters are private. Our entire process is designed with your confidentiality as the highest priority, managed professionally through your employer’s existing payroll system.
Step 1: Enquire with HR
Your journey begins with a confidential conversation with your company’s HR or Payroll department. They will provide you with the official Loancor application form and explain any company-specific policies.
Step 2: Complete Your Application
Fill out the straightforward application form. The information required is standard and is used solely for the assessment process, which is handled securely and in full compliance with all data protection laws.
Step 3: Assessment & Approval
Once submitted to your HR department, your application undergoes a responsible credit and affordability assessment by our team. This is a professional and standardised process designed to protect your financial well-being.
Step 4: Receive Funds & Repay via Salary
Upon approval, the funds are transferred directly to your personal bank account. Your fixed repayments are then seamlessly and privately managed as a deduction on your monthly payslip.
Take control of your finances with a partner you can trust. Loancor is proud to partner with your employer to provide this exclusive benefit. Your HR or Payroll department is your first point of contact and can provide you with the necessary forms and information to get started today.