HOW IT WORKS

How Our Employer Payroll Loan Partnership Works

This process is only available to employees of businesses with an active payroll partnership with Low Budget Loans. If your business hasn’t partnered with us yet, start with our Employer Solutions page or book a consultation

01

Employer Partnership

The employer authorises payroll deductions for approved employee loans, creating the foundation for a structured payroll-linked lending solution.

This allows employees to access financial support through Low Budget Loans, while the employer remains separate from the lending decision and loan funding process.

This is the correct first step because the process starts with the employer allowing payroll deductions for approved loans.
Professional employer partnership meeting for Low Budget Loans payroll-linked lending process

02

Employee Application

Once an employer partnership is in place, employees of that business can apply directly with Low Budget Loans through convenient channels such as WhatsApp, an online application, QR code, telephone or SMS. There is no paperwork-heavy process, and HR is not involved in reviewing or approving individual applications.
Employee submitting a payroll loan application to Low Budget Loans after their employer's payroll partnership is confirmed

03

Assessment and Approval

Low Budget Loans conducts the affordability assessment, verification and approval process directly with the employee.

The employer is not involved in lending decisions, helping keep the process independent, responsible and professionally managed.
Low Budget Loans affordability assessment and approval process for employees under an employer payroll partnership

04

Loan Disbursement

Once an application is approved, the loan amount is paid directly to the employee by Low Budget Loans.

The employer does not release funds, provide loan capital or carry the lending risk.
Employee receiving loan disbursement confirmation on a mobile phone during the Low Budget Loans process

05

Payroll Deduction

Repayments are deducted through the employer’s payroll system according to the agreed repayment structure.

This creates a clear, predictable repayment process for employees, while Low Budget Loans manages the repayment administration and loan-related queries.
Payroll professional reviewing deduction records for the Low Budget Loans payroll-linked lending process
Overview of the Low Budget Loans employer payroll lending process, from employer partnership and employee application to affordability assessment and payroll deduction repayment

The employer does not fund loans, approve applications, collect repayments or manage loan queries. Low Budget Loans manages the lending process from application through to repayment administration.

A fully outsourced payroll-linked lending solution

Typically how an Employee will apply for a payroll linked loan.

Low Budget Loans employer payroll loan process: partnership setup, employee application, affordability assessment, loan agreement, disbursement and structured payroll repayment

READY TO IMPLEMENT A SIMPLE PAYROLL-LINKED PROCESS?

Let’s Help Your Employees Access Structured Financial Support

Book a Consultation
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