Catcorp Tailor-Made Capital Solutions
HELP YOUR EMPLOYEES GET OUT OF DEBT.
Employees face various stressors in their daily lives which can negatively impact how they perform. Financial security or the lack thereof can be crucial to the overall productivity and well-being of an employee. We offer a service where we provide feasible solutions to financial distractions your employees might face. By providing your employees with an alternative way to ease their debt and assist them with loan requests, you as employer will create a more productive and stress-free working environment which will directly influence the success of your company.
Our company was founded in 2006 to offer financial services for a specific gap in the market place.
For the past 16 years we have successfully provided a range of financial services to employees from various business sectors.
Due to our professional and direct approach, we have been able to establish ourselves and secure our position in the world of financial services.
More companies assist staff members with loans
Due to the increasing demand from employees in need, more companies have started to follow the trend of assisting staff members with loans and debt management. However, employee loans can have detrimental effects on the company if not monitored closely. Apart from the fact that employee loans can place a financial burden on the company and put unnecessary strain on the company’s cashflow, it can also be very time consuming to manage without neglecting your current responsibilities.
We provide the following once appointed:
A real solution
by assisting company owners, managers and HR departments with employees’ requests for cash and garnishee orders, as well as helping the employees to get out of debt.
Personal Loans
We do this by giving short and medium-term personal loans to your employees on your behalf.
Credit checks
We will do a full credit check on the employee and we will give you feedback on the best possible way to help them with their debt.
Save interest and cost
The money will only be used for emergencies, the payment of creditors, or to settle garnishee orders by negotiating with the creditors on the employees behalf. The creditors are more than willing to reduce the outstanding balances on the garnishee orders.
Personalised financial solutions
Catcorp offers personalised financial solutions and services to employees of companies without them becoming “over indebted”, but by rather helping them to manage their finances.
No risk
This will be offered at no cost to your business, no limited contract period with Catcorp and no risk to your business due to non-payment of loans from your employees.
NCA
Every transaction takes place in the legal framework of the National Credit Act.
Who is this service for?
company-specific
This service is company-specific for your benefit, so we adjust our service to the way you run your business.
qualified employees
This service is available to employees who have been qualified by the company owner, manager or HR manager.
permanent employees
This includes most employees within your employment for more than six (6) months.
contractors
It’s also for contract workers with contracts not less than 12 months at a time.
The advantages for your company by getting Catcorp on board:
- Catcorp removes the hassle of small and medium term loan requests for company employees, by handling it on your behalf.
- To effectively remove the pressure of garnishee orders and the administration side of it, by Catcorp settling it for the employee.
- The loans to your company employees happens at no cost to your company at any time and we carry the risk.
- We do all this at a time that does not affect the employees working hours.
- We are a hands-on company with a secure business profile, so when communicating with us, you as company owner, manager or HR department will deal with the principal partners from Catcorp and their personal representatives directly.
- Your relationship\bond with your employees strengthens by hiring a company like Catcorp to look after their affairs like garnishee orders, emergency loans and the payment of their creditors, thus proving your willingness to assist them with financial help. A happy employee is a better worker.
- We have a rapid response to loan requests and finalize everything within 48 hours.
The advantages for your employees:
- Catcorp can supply your employees by assisting them with help to repay their debt starting with garnishee orders, emergency loans and payments to their most overdue creditor. This will help to avoid legal action by supplying short and medium term loans.
- We will do a full credit check on the employee and we will give them feedback on the best possible way to help them with their debt
- We will do the employees application at a convenient time for them, but not during working hours.
- We will EFT the money to the creditor in case of settling a garnishee order or a payment to a creditor. We will EFT the money to the employee in case of an emergency loan.
- This loan-tool empowers employees in times when people are being cash-strapped. With your help to control the frequency and size of the loans with Catcorp assistants, you help individuals by monitoring their spending as well.
- Employees can build a credible repayment reference once they have utilized this service on a regular basis.
- We have a rapid response to loan requests and finalize everything within 48 hours except garnishee orders.
Interest Rates, Initiation Fees and Service Fees
The interest rates related to a small and medium-term loan of this kind are loan and risk-specific. Every individual loan has to conform to the National Credit Act (NCA) and their lending parameters, and there is set rates related to the size of the loan as well as to the repayment period. Repayment periods vary according to the size of the loan and the individualized affordability analysis, but the repayment will not be longer than 6 to 12 months.