Is Earlypay a loan?

Is Earlypay a loan?

No! The Earlypay product is not a payday loan as it is an access to an already earned salary. 
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      Early pay loan is a loan product designed specially for salary income earners
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      EarlyPay is an earned wages access solution for employees. It is an additional benefit that employers can offer to their employees to avoid financial hardships between paychecks. Employees access up to 50% of their accrued/earned but unpaid salary. ...
    • What do I need to apply for earlyPay?

      You need to be upgraded to tier 3, login to your dashboard, tap early pay, answer the questions then proceed to link your salary account. However, if your employer has been onboarded and you signed up with your employers referral code, you can ...
    • What are the benefits of EarlyPay for employees?

      Reduces financial stress. Helps avoid high-interest payday loans. Improves emotional and physical well-being.
    • What is the Mkobo employer portal for?

      It allows organizations to manage employees' EarlyPay requests and improve financial well-being within their workforce.