Every employee on payroll is a qualified borrower
When Phela integrates into an employer’s payroll, every salaried employee on that payroll automatically receives a Phela profile. Their income is verified. Their existing deductions are visible. Their affordability is calculated. The bank receives a pool of pre-qualified, payroll-verified borrowers without a single branch visit.
Zero manual intervention. Auto-approval available.
Automatic employee profiling
Every employee gets a profile anchored to their National Identification Number (NIN). Captures verified salary, existing payroll deductions, employment tenure, and employer compliance history. No application form required.
Real-time affordability calculation
Before any loan is approved, Phela calculates available capacity using the 28% DTI cap. Both internal deductions and external obligations are factored in.
The NIN-anchored profile persists
When an employee changes jobs, their Phela profile follows them. Credit history, repayment track record, and affordability data carry over. The bank’s relationship does not end when the borrower changes payroll.
Borrower acquisition cost drops to near zero
Reach expands to the full workforce
Traditional salary lending requires the borrower to hold an account at the lending bank. Phela removes that requirement. Any employee on an integrated payroll is eligible, regardless of where they bank.
No account switch required
The employee does not need to open a new bank account or transfer their salary. Deductions happen at the payroll level, before funds reach any account.
Straight-through processing
For banks that want straight-through processing, Phela supports fully automated loan approval based on pre-set criteria: salary threshold, DTI ratio, CRB status, and tenure.
Access a pre-qualified borrower pool
Payroll-verified employees, ready to borrow, with guaranteed repayment. Your bank sets the terms.
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