MyShubhLife which has over 500 existing corporate partnerships under its financial wellness program “Shubh Saathi” has launched on demand credit product – Earned Wage Access.This product will help the employees of these partners to access funds that they have earned till date without having to wait for the pay cycle to complete. Example : By the 15th of the month, they will be able to access upto 50% of their net salary.
“The Earned Wage provides workers with a convenience of having early access to their own money. With convenient repayment options and nominal charges, workforces can now be engaged better without having to worry or wait until payment day to access funds,” says Manoj Sharma, Chief Business Officer at MyShubhLife.
Given the size of the Indian workforce which is about 501 million, the “Earned Wage” is a convenience product and compliments MyShubhLife’s short and long term loans and revolving line product portfolio. This product not only gives customers financial flexibility but also allows them to cover shortfalls with regard to essentials like fuel, travel or groceries. The Earned Wage is not a loan and attracts zero interest. Earned Wage leads to enhanced financial well-being and a more productive and happy workforce.
The Earned Wage product is available to all employees of “Shubh Saathi” program partners across India.
If you want financial freedom for your employees, click on Shubh Saathi and begin the journey now!