How much can you borrow from FinFit?
These loans are designed to enhance benefits packages by providing emergency, short-term loans1 to employees at no cost to employers, and at generally lower costs than other short-term financial solutions. Employees may request loan amounts from $500 to $50002. Create a Member Account Today!
How do FinFit loans work?
Loans are paid back in equal installments through payroll. If the client runs payroll semi-monthly, loan would be paid back equally over 10 pay periods. Loans carry a 9% interest rate and a 9% origination fee. In a practical sense, if an employee borrows $1,000, fees and interest equate to $122.
How do I delete my FinFit account?
If you wish to cancel your account or request that we no longer use your information to provide you services, you may contact us at www.finfit.com/contact.
Does FinFit run your credit?
*Subject to credit approval; although no credit check is required, employee must meet eligibility requirements. **The FinFit platform is entirely self-contained. No consultants will call your employees or require time and resources from your company to deliver the service.
What is a FinFit loan?
FinFit loans are offered to members as part of the FinFit Financial Wellness Program. These loans are designed to enhance benefits packages by providing emergency, short-term loans1 to employees at no cost to employers, and at generally lower costs than other short-term financial solutions.
How does FinFit wage now work?
WageNow is offered at no charge to employees to help them manage their cash flow and achieve financial health. By offering free access to their earned wages, we enable employees to control their paycheck. Employees want the ability to choose when they get paid.
What is Paychex FinFit?
For Paychex payroll clients, FinFit is a free program that enables employers to offer benefits such as a personal financial wellness assessment, online educational tools and resources, and even short-term employee loans for unexpected expenses.