New York, New York
- Financial Wellness
GOES RIGHT HERE
Kashable provides socially responsible, low-cost credit to employees of participating employers. The program is a value added, non-insurance product, enabling employees to apply online and take a loan instantly with an automatic repayment over time through payroll deductions. Our goal is to provide financial certainty to empower employees to take charge of their health, wealth and wellness.
Kashable is changing the credit profile of the employee by incorporating employment data, at the employer and employee level, into the underwriting process in addition to their credit score. This allows the employee to leverage employment data in the event that credit score alone is not sufficient to support lower interest rates. In addition, integrating repayment through payroll deduction changes the risk profile from pure credit risk to termination risk which rewards long term employees. All of these elements enable Kashable to offer employees across the credit spectrum with access to a low-cost loan.