Instacash: Automated Salary Advance for Employees
4.56
- ● Lower employee turnover by up to 20%
- ● Raise productivity by up to 14%
- ● Increase employee engagement and loyalty
InstaCash is the best way for your employees to access emergency funds when they need it the most.
- Transparent
- Easy
- Fast
- Secure
- Near zero admin work
- Salary on demand
- Available 24/7
- Accessible
Why choose InstaCash?
Protect your employees from informal 5-6 lenders and loan sharks (some of them even add a 20% weekly interest fee)
Become a valued employer by supporting them through their unforeseeable financial needs.
With no interest rates, simple calculations and transparent fees, employees can borrow easily and safely.
No more time spent lining up, filling up forms, or wondering about approvals: pre-approved loans go straight into your employee's bank account.
No liability to your company! All contracts are between our partner and your employees. Just remit the payments and forget it!
How it works
Employees
- No forms needed
- Auto-approved
- Emergency cash in your bank in minutes
- 24/7 access through mobile phone or browser
- Tailored amounts for easier repayment
Admin
- Near zero admin work
- No lengthy approval procedures
- Operational cost savings
- Lower attrition
- Increased productivity and engagement
How it works
Employees
- No forms needed
- Auto-approved
- In your bank in minutes
- 24/7 access through mobile phone or browser
- Tailored amounts for easier repayment
Admin
- Near zero admin work
- No lengthy approval procedures
- Operational cost savings
- Lower attrition
- Increased productivity and engagement
Why employees love InstaCash
Get a glimpse of how InstaCash has impacted the lives of many employees.
Admin FAQs
InstaCash is 100% free for all companies using Sprout HR and Payroll.
Deductions are automatically applied to their paychecks so neither the employee or admin will have to worry about repayments.
This can easily be done by via bank transfer or deposit after each pay period.
There are no interest fees. InstaCash only has a small fee depending on the length of the repayment period. This is designed to encourage employees to borrow only what they need.
Of course! Finance departments will receive a statement of account
Companies are not liable for their employee’s loans, they only have to remit the deducted amount to our lending partner.
Employee FAQs
All you need to do is log in to your Sprout HR dashboard and click on the “Get Cash” button in the top left widget. A prompt will appear in case you do not meet all the eligibility requirements.
InstaCash can lend up to 50,000 pesos at a time, while also considering your salary and your company’s policies. We’ve designed it this way so your repayments are easy and hassle-free!
InstaCash can review, approve, and disburse your request in as fast as two minutes!
Once approved, your cash is instantly credited to your payroll account.
After using InstaCash, your widget will automatically give you the option to view your transaction history.
As a borrower, you can also view your previous loan transactions in the Loans History page.
There’s no need to enroll. Simply log in to your Sprout HR account and access the InstaCash widget from the dashboard, available in both desktop, and mobile web!
You can have one transaction at a time. Once you have completely repaid the borrowed amount, you will be able to apply for emergency cash again.
Already a Sprout user?
Contact your Customer Success Manager today to avail of this amazing add-on benefit!
Transform your HR department digitally.
