We provide approved employees with a loan of R500 (minimum) up to R10 000 (maximum), repayable over one, six, ten or twelve months.
We deduct each repayment directly from the employee’s salary/ wages and keep accurate, transparent records of all loans.
In order to protect you, as the employee against falling into a debt trap, Landoscore allows one loan at a time.
When you offer your employees access to our Employee Financial Wellness Assistance Programme you are offering them access to a manageable loan to help them improve their lives.
Our loan application process is facilitated online, via our website. Employees can access the application process via their mobile phones for ease of access. These are the simple steps your employees will need to complete in order to receive a loan:
The employee will create their profile on www.landoscore.co.za
Ensure all their personal and banking details are correct, as well as upload the required documents (ID copy, 3-month bank statement and latest payslip indicating their annual leave balance.)
We will receive the application for processing and reach out to your employee within 24 hours.
The employee will get an SMS and/or email notification with the link to sign their credit agreement online, should the loan be approved.
Once the agreement is signed and submitted, we will process the payment of the loan to reflect within 48 hours.
Landoscore will provide the employer with a monthly deduction list which is to be processed via payroll, to reflect on the employee payslip.
The repayments will be transferred to Landoscore monthly. And the employer will receive an agreed upon percentage of the administration and interest fees charged on all loans.
An accurate record of loans will always be available.