Employees who can easily access personal loans can avoid distractions caused by financial difficulties and perform better at their jobs, a study from the FCA has shown. It is easier to grant personal loans to employees who earn a regular income and have a good credit score, and by taking out a loan, financial worries will be reduced which leads to higher productivity at work.
Personal loans are funds granted to people who need financial support to sort out private issues. The funds can be used to pay for unexpected medical bills, car repairs, or any other emergency situation.
Without access to personal loans, employees can lose their focus during an unexpected financial crisis and their work will suffer.
Teaching your employees simple tips about financial intelligence can help them manage their income, and make them more focused at work. Think about it, without financial stress, your team can become more productive in the workplace.
Access to personal loans can be arranged for your employees if they need some extra help. The advantages of this are numerous…
More Productive Hours
Without financial worries, employees can focus on their jobs and perform better. If the unexpected happens, your employees won’t need to take days or even weeks off work because of a financial burden.
Quick Access to Funds
Employees can quickly sort out any problems related to finance when they have quick access to funds through a digital credit service.
Lower Interest on Personal Loans
Paying back personal loans is not such a ‘bitter pill’ to swallow because loans offered by digital credit services have low-interest rates. Based on the credit score and assessments used to ascertain that an employee is eligible for credit, they can pay back personal loans and still have money to live comfortably.
What is the Best Source of a Personal Loan?
There are digital financial services such as Uulala (https://www.coinwire.com/uulala) which offer the public convenient and quick access to personal loans.
You can take advantage of the full-service financial solution offered by Uulala to give your employees quick access to such loans.
Uulala is a credit service that is anchored on the blockchain. It is a secure digital financial platform designed to benefit the individual and communities. What this means is that your employees can collectively benefit from this platform to access quick funds to meet urgent financial needs.
Uulala offers its customers a MasterCard that can be used in any part of the world to access funds. The application process for credit is quick. This is because the digital platform has been designed to ensure that those who need the service have access to emergency funds quickly.
There is also a mobile app for Uulala. After registering an account, you can download the mobile app straight away. All the essential features of the digital credit service can be used on the app, which makes it very easy to use.