E.L.P

Employer Loan Participation

Employer Loan Participation (ELP) is a socially inclusive banking product developed and operated by Sofri to provide employees of structured corporations with short-term loans.  
The scheme is to empowered employees of a company or organisation by providing loans through the Human Capital Department for emergencies, assets financing or business support at discounted rate and also a saving investment with best yield from 6% to 20% 

Employer Benefits

This scheme will, among other things, offer the following benefits: 
Relieving your salary advance burden, as frequently requested by staff, allows employers to save liquidity by freeing up cash to fund their operations. 
Provision of a countrywide fast cash service for all your offices/locations.  
Increased staff morale and productivity  

Benefits

Employees enjoy one month of interest-free as CASHBACK on the loan upon completion of the loan circle 

Employees enjoy a DISCOUNTED interest rate under this scheme. 

No hidden charges 

24 hours of processing time upon completion of required documentation 

Little application documentation 

Assist in generating additional income – Small business set-up. 

Repayment arrangements for up to 12-24 months are simple and flexible. 

Access to top-ups after the first three instalments 

Dedicated loan application portal 

Same day disbursement (for request before 6pm) 

Free Sofri Master Card 

Discount on Bolt rides 

For ELP (for salary earners only) 

Employees enjoy one month of interest-free as CASHBACK on the loan upon completion of the loan circle 

Employees enjoy a DISCOUNTED interest rate under this scheme. 

No hidden charges 

24 hours of processing time upon completion of required documentation 

Assist in generating additional income – Small business set-up. 

Repayment arrangements for up to 12-24 months are simple and flexible. 

Access to top-ups after the first three instalments 

Same day disbursement (for request before 6pm) 

Free Sofri Master Card 

Discount on Bolt rides 

Don’t just listen to what they say, come see for yourself.