LendMe Payroll-Deduction Loans: Simple, Transparent Pricing
At LendMe, we believe in providing clear and affordable financial solutions for both businesses and employees. Our payroll-deduction loans are designed to be easy to understand, with no hidden fees or surprises. We’ve built a simple pricing structure that ensures employees can access the funds they need without the burden of complicated terms.
Our Pricing at a Glance
- Monthly Interest Rate: 7%
- Repayment Period: Next payroll cycle (from the date of loan issuance)
- Maximum Loan Duration: 1 month
How it Works
1. Apply for a Loan
Employees can apply for a payroll-deduction loan, choosing the amount they need with a simple, quick process.
2. Pay a 7% Interest Fee
We offer a competitive 7% interest fee on the loan amount, making borrowing affordable and manageable.
3. Deduction on Next Payroll
Repayment is automatically deducted from the employee’s salary on the next payroll cycle, ensuring a hassle-free experience.