Lend to salaried workers. Get repaid before they do.
Phela connects your bank's lending engine to employer payroll systems. Repayment is deducted at source, before the salary hits any account. One integration. Zero new infrastructure to build.
Deduction at source. Before the salary is touched.
One rail. Multiple ways to deploy it.
Deduction at Source
The core. Integrate once into employer payroll. Deductions flow automatically on every pay cycle. Collections routed directly to your bank’s account.
Origination
Every employee on an integrated employer is pre-qualified. Auto-approval available. DTI-based affordability. CRB checks. Your bank gets qualified borrowers delivered to it.
CRB and Affordability
Real-time affordability scoring. Internal payroll deductions and external obligations captured before every loan decision. The bank sees a clean, current picture.
Beyond Credit
Insurance, unit trusts, savings. Any product that benefits from guaranteed payroll deduction can run on the rail. Same mechanic, new revenue lines.
The infrastructure behind the rail
A full-stack platform built to orchestrate payroll deductions securely and efficiently. From identity verification to real-time affordability checks and automated reconciliation, we provide the tools to scale your salary lending operations without building from scratch.
Built for banks that lend to salaried workers
If your bank serves salaried employees and wants guaranteed repayment, we should talk. One integration changes your entire salary lending book.