Eduloan is able to assist employers with providing accessible education finance to their staff, through our efficient salary deduction facility. By contracting with Eduloan, companies are given the finance and administrative tools required to effectively assist in upskilling their staff through improved education opportunities, a critical step in unlocking the potential of the workforce.
Our salary deduction facility allows for the instalments of the student loan to be deducted from the salary of the student or sponsor. This means that funds are recovered automatically - freeing up much needed cash flow - and paid directly to the relevant institution. Empowering your staff has never been easier or more effective.
Some Great Benefits
- Upskill your staff and empower them to unlock their true potential.
- Encourage your staff to further their education, resulting in increased productivity for your business – plus greater staff satisfaction and loyalty.
- We take away the burden of administrating your staff’s (and their loved ones’) study loans
- No effect on your cash flow – we pay the educational institute directly
In addition to our financial services, Eduloan has also developed the Eduxtras card; a bursary management tool. Through this system, bursary funds are divided into pockets covering a range of tertiary expenses including tuition, food, accommodation, textbooks and additional savings. With employer-access to a full reporting system and control over these pockets, you can be confident that bursary funding is being used as intended. We also offer to pay accommodation merchants direclty, through our unique cell phone technology.
Register with Eduloan
Register your company with Eduloan and not only will you be making education finance accessible for your staff and their families, but you'll be unlocking critical upskilling opportunities for your business. As an employer, you qualify for our salary deduction option as well as several other bursary management benefits.
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Your staff members can apply for study loans to cover their student related necessities including books, accessories, laptops and accommodation, as well as the study tuition fees.
As one of the most useful tools a student can have, it’s great to know that now you can apply for a laptop loan from Eduloan. For a student, nothing’s more important than having 24-hour access to a computer – and now you can!
Eduloan offers employers an innovative, cost free, secure management system for bursaries through a debit card system known as Eduxtras. This system reduces the administrative burden of the employer by effectively allocating bursary funds across a number of expense pockets.
These FAQ’s cover questions that we receive most often. If we have not answered your question, you can send it through to us online or call us on 0860 55 55 44.