Benefi provides employee financial stability to your business.
We help workers avoid high-interest debt traps by providing responsible, affordable loans for their financial emergencies.
The best part? Our service is 100% free.
Benefi is a Better Choice for Borrowing.
Many employees are forced to take on high-interest credit card or payday loan debt when they need money. The more high-interest debt they take on, the harder it is for them to get out of debt.
We’re the first free Canadian employee financial stability platform that helps businesses like yours empower their workforce to get out and stay out of debt. Benefi provides affordable loans for employees to consolidate their debts.
7-14% Typical Benefi loan rates
22.99%
Over 390%
Over 390%
Standard credit card cash advance rate
Over 390%
Over 390%
Over 390%
The payday loan rate for almost all of Canada
19.99%
19.99%
19.99%
Standard credit card purchase rate
47.98%
19.99%
19.99%
Standard instalment loan rate.
Benefi loans can save employees thousands of dollars in interest charges a year. An employee that consolidates their debts with Benefi could see the equivalent of a 1-6% post-tax income raise!
Financial Inclusion for Everyone.
Benefi is an inclusive platform, providing affordable loans to Canadians from all backgrounds.
Racialized Canadians and Indigenous Peoples face discrimination that prevents them from having access to loans or being hampered with high-interest fees.
Benefi solves all this by providing everyone with the money they need, when they need it –regardless of their race, gender or sexual identity.
How Employee Financial Instability Hurts Your Business
36%
36%
36%
More sick days were taken by employees with poor financial health. 1
40%
36%
36%
of Canadians feel overwhelmed by their debt 2
48%
36%
48%
The number of employees who have lost sleep because of financial worries. 3
60%
500%
48%
of people aged 24-40 with salaries over $100,000 live paycheck to paycheck. 4
500%
500%
500%
more likely to be distracted at work if they are under financial stress. 5
Our “No Catch Guarantee” for Companies
You may be thinking, “What’s the catch?”
There isn’t any.
Your business is not responsible for any loans your employees have with us.
But, you still get all the benefits of a happier, more productive, and less financially stressed workforce.
The Benefits of Employee Financial Stability:
Up to 40 hours
Up to 40 hours
Up to 40 hours
of reclaimed productivity per employee per year. 1
Between 10-14%
Up to 40 hours
Up to 40 hours
Of total salary cost saved each year. 2
Up to 43%
Up to 40 hours
Up to 43%
more employee engagement and presenteeism. 3
And did we mention that we’re 100% free? Because we are.
Be Better with Benefi.
Getting started with Benefi is easy. Just drop us a line, answer a few questions, and we’ll take care of the rest.
Your company can be up and running with us sooner than you think.
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