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Kaelo Money is the cornerstone of the Kaelo Lifestyle programme, offering a holistic financial solution aimed at enhancing employees’ financial well-being. This comprehensive service provides access to an affordable emergency wallet and is complemented by financial coaching and various tools designed to promote financial and psychosocial wellness.
What is Kaelo Money?
Kaelo Money provides employees with convenient access to responsible and affordable payroll loans, ensuring they can manage financial emergencies effectively without resorting to high-interest loan options.
Why Choose Kaelo Money?
- Instant Access: Employees have 24/7 access to credit, enabling quick response to financial needs.
- Affordable Rates: Enjoy market-leading interest rates and transparent fee structures.
- Financial Coaching: Guidance from financial coaches to empower employees in managing their finances responsibly.
- Comprehensive Support: Includes an emergency wallet and other financial wellness tools.
Benefits
- Accessible Payroll Loans: Loans tailored to suit employee needs, ensuring affordability and convenience.
- Financial Wellness Tools: Resources and coaching to promote responsible financial management.
- 24/7 Availability: Access credit and manage finances anytime, anywhere.
Fees
- Annual Interest Rate: 18%
- Administration Fee (excluding VAT): 10%
- Max Monthly Term: 3 months
Limits
- Maximum Repayment: 15% of gross monthly salary
- Maximum SMS Voucher per Month: R5,000.00
- Admin Fee Cap: R1,050.00
Employment Term and Qualifying Criteria
- Minimum of three months of employment.
- Employer must have signed the Kaelo Money Service Level Agreement.
- Minimum credit check criteria must be met.
Contact Information
Phone: 0861 999 719
Email: support@kaelomoney.co.za
Website: www.kaelomoney.co.za
Kaelo Money is registered in South Africa under Company No: 2017 / 137437 / 07 and is a registered Credit Provider, NCRCP 10398. It offers a responsible alternative to traditional loan options, prioritizing the financial wellness and security of employees. For more detailed information, please refer to the associated product documents or visit their official website.
