InstaClaus disburses advances directly into employee bank accounts.
Employees request advances, within set limits, and get instant approvals.
On payday, InstaClaus deducts advance amounts and interest from employee salaries.
Deduction percentage will be fixed for all the employees. The system will automatically set the limit which is 85% of salary.
Employees can repay the advance in 3 months in the EMI format.
Employers access real-time payroll data and metrics to make informed decisions.
Employees can access their earned wages ahead of their official payday, helping them cover unexpected expenses or bridge financial gaps without resorting to high-interest loans.
With InstaClaus, employees have the freedom to manage their finances more effectively, ensuring timely bill payments, avoiding late fees, and maintaining financial stability.
Easy Advance Requests
InstaClaus allows employees to easily request salary advances through the app, eliminating the need for cumbersome paperwork or lengthy approval processes.
Employees know the exact charges associated with requesting an advance, ensuring they can make informed decisions and avoid unexpected surprises.
Choice of Repayment Period
Employees have the flexibility to choose between 45 and 60 days to repay the advanced amount, accommodating their financial circumstances and convenience.
Employees appreciate that interest is deducted from the advance amount before disbursal, allowing them to receive the net amount directly to their bank account.
No Impact of Credit Score
Since InstaClaus provides advances based on earned wages, there's no need for credit checks, ensuring employees' credit scores remain unaffected.
Enhanced Cash Flow Management
InstaClaus helps employers maintain a steady cash flow by covering payroll expenses and allowing them to repay the amount at the end of the month.
Simplified Payroll Processing
The platform streamlines payroll processing, making it easier to calculate salaries, generate payslips, and manage tax deductions.
Employee Financial Wellness
By offering on-demand payday advances, employers contribute to their employees' financial well-being, reducing financial stress and enhancing job satisfaction.
Reduced Administrative Burden
InstaClaus handles the payroll advances and repayments, minimizing administrative workload for employers and HR teams.
The app provides real-time access to payroll data and performance metrics, empowering employers with insights to make informed decisions and optimize their operations.
Employee Retention and Productivity
By offering a benefit that improves employees' financial security, employers can boost employee morale, engagement, and ultimately, retention rates.
InstaClaus is designed for ease of use, ensuring that both employers and employees can navigate the platform effortlessly and take advantage of its features.
Simplify the hassles associated with employee finances so you can focus on business growth. Allow your employees to define the financial experience & set financial priorities with ease.
Increase your financial know-how, and get guidance, strategies & tips on the go. Connect, share and map your financial future with the InstaClaus growing community.
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