Finally a staff loan product that socially responsible companies can support.

All companies are faced with the reality of assisting their staff with short term loans. We offer your staff 30 day loans that are priced well below what is normally available to them.

By means of our Employee Loan Facilitation Agreement (”ELFA“), we reduce bad debt, which is the major cost driver in unsecured loan products and pass this saving on to your staff.

Access to fairly priced credit will improve your staff productivity, morale and staff retention.

We help improve your cash flow and free you from the security, administrative and legislative responsibilities associated with providing staff loans.

We achieve further cost savings by electronically interfacing with your payroll to pre-approve your staff after undertaking the necessary affordability assessments in terms of the NLR.

Your staff loan is processed by a recorded call between your staff member and our national call centre. Loans are paid directly to their bank account that same day.

SMA is duly registered with the National Credit Regulator in terms of the National Credit Act 34 of 2005.