Repayment that runs on payroll, not promises
Phela’s deduction-at-source rail integrates directly into the employer’s existing payroll system. When payroll runs, loan repayments are deducted before the salary is distributed. The bank gets paid first. The employee receives the balance. No manual intervention. No chasing.
Five steps. Fully automated.
Bank originates the loan
The bank uses its own lending criteria, interest rates, and terms. Phela does not interfere with the credit decision. The bank owns the customer relationship.
Phela connects to employer payroll
One-time integration into the employer’s existing payroll system. Phela works with whatever the employer uses, including Excel-based payroll. Zero migration. Zero disruption.
Deduction is embedded in the payroll run
When the employer runs payroll, Phela’s deduction instruction is embedded in the process. The repayment amount is deducted before the net salary is calculated.
Collections route to the bank’s account
Deducted funds are routed directly to the bank’s designated collection account. No intermediary holds the money. Reconciliation data is delivered alongside the payment.
Employee receives balance
The employee’s net salary, after all deductions, is paid to their bank account or mobile money wallet as normal. The process is transparent on their payslip.
Collections become payroll-grade reliable
No new infrastructure required
The bank does not need to build payroll connections, employer agreements, or deduction workflows. Phela provides the entire rail. Plug in once.
Every employer format supported
Phela integrates with enterprise payroll systems, mid-market HR software, and Excel-based payroll. No employer is excluded from the model.
Zero cost to the bank
The platform fee is borne by the employee, not the bank. The bank pays no integration fee, no per-transaction fee, and no ongoing subscription.
Connect your lending engine to the payroll rail
One integration. Guaranteed repayment.
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