Borrow - Affordable loans, repaid through salary

Leaning on Salary Finance to access loans not only tends to help you in accessing them more affordably than elsewhere, but also takes away much of the stress by ensuring that repayments are taken directly from the salary. Acceptance rates through Salary Finance tend to be higher than banks, while borrowing rates are often lower (representative rate of 13.90% APR, fixed).

While it is important to keep in mind that Salary Finance is an option presented by Gateshead Health and not a recommendation, accessing loans through a partner like Salary Finance can be a good way to avoid having to access payday loans or use credit cards.

Advance - Access earned pay

Salary Finance’s Advance service is designed to help avoid the need for high-cost debt like payday loans or credit cards by giving you access to your pay, more often and when you need it.

With Advance you can access up to 50% of your earned pay, up to twice a month, in addition to your normal payday – providing you with the additional flexibility to manage your money in the way that suits you best.

Important: The “Advance” product is not a regulated lending product. Gateshead Health NHS Foundation Trust does not benefit from offering this service and all your communications will be with Salary Finance. Loan applications will be assessed to ensure the loan is appropriate and affordable for you. 

Save - Start saving the easy way

Salary Finance’s Save service helps colleagues to save by creating the ability to add to a savings account directly from your salary.

Saving directly from your salary makes it easier for you to save, removing painpoints by taking savings directly from your payslip and helping to remove temptation by separating your savings from your day-to-day money.

Applying takes on 5-10 minutes, and you can still dip into your savings if you need to at any time!

Help to Save - Earn rewards for saving

Salary Finance’s Help to Save service is a government-backed scheme for anyone receiving Working Tax Credit, Universal Credit or Child Tax Credit and helps colleagues to access bonus payments on their savings of up to £1200 or 50p for every £1 saved.

Salary Finance helps you save into your Help to Save account straight from your salary. This removes the need to remember to make a payment each month and reduces the tempted to spend your savings on other things.

Money insights - Learn better money habits

Salary Finance’s online financial education hub provides all colleagues with free 24/7 access to on-demand video, webinars, life guides, tools and calculators to help you in better understanding your money.

Included amongst the additional tools offered and promoted by Salary Finance include a savings calculator, credit score reporter and budget planner – all helping you get to grips with your personal finances.