Kashable offers employer-sponsored short-term loans integrated with payroll systems, providing low-cost credit to employees as a voluntary workplace benefit.
Data compiled from public sources · Rating from CreditDoc methodology
Kashable was founded to address employee financial stress by providing access to affordable credit outside traditional payday lending channels. The company emerged as employers sought alternatives to help workers facing unexpected expenses and financial hardship, with particular growth during the COVID-19 pandemic when employees increasingly sought short-term financing options. Co-founded by Einat Steklov, Kashable has raised $25.6M in venture funding and positions itself as a fintech solution for workplace financial wellness.
Kashable's core offering is employment-based lending delivered as a voluntary benefit administered through employer HR and payroll systems. Loans are automatically repaid through payroll deductions, reducing administrative burden on employers. The company integrates with major benefits administration platforms (PlanSource, Paylogix) and HRIS/payroll systems to streamline enrollment and loan servicing. They market themselves specifically to employers, federal employees, and individual employees seeking low-cost credit alternatives to payday loans.
Kashable differentiates itself through employer integration and "socially responsible financing" positioning. The company emphasizes equitable access to credit for underserved populations, particularly minorities, and frames itself as addressing financial equity gaps. Their patented technology enables seamless payroll integration, and they've partnered with SecureSave to offer emergency savings alongside loan products. The focus on financial wellness as an employer benefit rather than direct-to-consumer lending distinguishes them from traditional payday lenders.
While Kashable positions itself as a payday alternative with lower costs, the actual loan terms and APR rates are not disclosed on their public website, making true rate comparison impossible. The employer-dependent model means access is limited to employees of participating companies. As an employer-sponsored benefit model, individual borrowers cannot apply directly—they must work for an employer already offering Kashable. The website provides minimal detail about loan amounts, repayment terms, or actual pricing.
As a financial institution, this lender competes with both traditional banks and newer fintech personal loan lenders in the consumer lending space. Borrowers seeking personal loans for bad credit may find more flexible terms through online lenders, while those focused on simplifying payments may benefit from debt consolidation loans with fixed rates. For credit building, secured credit cards and credit builder loans offer structured paths to improvement. Credit monitoring services provide ongoing visibility into credit health, and credit counseling through nonprofit agencies can help consumers create sustainable budgeting plans. Credit union installment loans and CDFI products typically offer APRs well below payday rates, with structured repayment over several months.
See which lenders actually approve borrowers with bad credit. We compared APRs, fees, minimum scores, and funding speed.
Yes. Kashable is a registered company, headquartered in New York, NY.
Kashable plans start at Free per month with no setup fee. No money-back guarantee is offered.
Results vary by individual situation. Contact the provider to discuss expected timelines for your specific needs.
CreditDoc Diagnosis
Kashable is best suited for stable, full-time employees at mid-to-large companies that have adopted their platform as an employee benefit. The main caveat is that individual consumer access is entirely dependent on employer participation—you cannot apply directly, making this a B2B2C model rather than a consumer-direct service. Critical loan terms and actual APR rates are conspicuously absent from their public website, so borrowers cannot independently verify affordability claims before employer enrollment.
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Read guide →New to credit and lending? Here are the key terms used on this page, explained in plain language with real-number examples.
The total yearly cost of borrowing money, including the interest rate plus any fees the lender charges. Think of it as the 'true price tag' on a loan.
Lenders must show APR by law (Truth in Lending Act) because the interest rate alone can hide fees. Comparing APR across lenders is the most reliable way to find the cheapest loan.
Example
You borrow $10,000 at 6% interest for 3 years, but there's a $300 origination fee. The interest rate is 6%, but the APR is 6.9% because it includes that fee. You'd pay $304/month and $946 total in interest.
Interest calculated on both the original amount borrowed AND the interest that's already been added. It's 'interest on interest' — and it makes debt grow faster than you'd expect.
Credit cards and many loans use compound interest. If you only make minimum payments, compound interest is why a $3,000 balance can take 15 years to pay off.
Example
You owe $1,000 at 20% annual interest compounded monthly. After month 1 you owe $1,016.67. Month 2, interest is charged on $1,016.67 (not $1,000), so you owe $1,033.61. After 1 year without payments: $1,219.
A special APR calculation used for military servicemembers that includes ALL costs — fees, insurance, and add-ons — capped at 36% by federal law.
The Military Lending Act protects active-duty servicemembers and their families from predatory lending. Any lender charging above 36% MAPR to military is breaking federal law.
Example
A payday lender charges a $15 fee per $100 borrowed for 2 weeks. For civilians, that's technically legal in some states. For military: that works out to 391% MAPR — illegal under the MLA.
The maximum interest rate a lender can legally charge in a particular state. Charging above this rate is called 'usury' and is illegal.
Usury laws are your main legal protection against predatory interest rates. But beware: some states have weak or no usury caps, and federal banks can sometimes override state limits.
Example
New York caps interest at 16% for most consumer loans (25% is criminal usury). If a lender tries to charge you 30% in NY, that loan is unenforceable — you could fight it in court.
An asset you pledge to the lender as security for a loan. If you stop paying, the lender can seize and sell that asset to recover their money.
Secured loans (with collateral) have lower interest rates because the lender has less risk. But you could lose your home, car, or savings if you default.
Example
A mortgage uses your house as collateral. A car loan uses your vehicle. A title loan uses your car title. If you miss payments, the lender can foreclose or repossess.
A charge added to your account when you miss a payment deadline. Most credit cards charge $29-$41 per late payment, and many loans have similar penalties.
The fee itself hurts, but the real damage is to your credit score. A payment 30+ days late stays on your credit report for 7 years and can drop your score 60-110 points.
Example
Your credit card payment of $150 is due March 1. You pay on March 18. The bank charges a $39 late fee. If it's 30+ days late, it gets reported to credit bureaus and your 760 score drops to 670.
A fee your bank charges when a payment bounces because there isn't enough money in your account. Also called a 'bounced check fee' or 'returned payment fee.'
NSF fees hit you twice — your bank charges you AND the company you were trying to pay may charge their own returned payment fee. That's $50-70 for one missed payment.
Example
Your auto-pay tries to pull $350 for rent, but you only have $280 in checking. Your bank charges $35 NSF fee. Your landlord charges $25 returned payment fee. Total damage: $60 in fees.
The practice of charging interest rates higher than what the law allows. Usury laws set state-specific caps on how much lenders can charge.
If a lender charges usurious rates, the loan may be void, penalties can be reduced, or you may be entitled to damages. Know your state's limits.
Example
Your state caps consumer loans at 24% APR. An online lender charges you 36%. That loan may be unenforceable, and you might only need to repay the principal — no interest or fees.
Using your credit card to get cash from an ATM or bank. It's one of the most expensive ways to borrow — higher interest rate, immediate interest accrual (no grace period), and an upfront fee.
Cash advances are a debt trap: 25-30% APR with no grace period plus a 3-5% fee. Interest starts the second you withdraw, not at the end of the billing cycle.
Example
You take a $500 cash advance. Fee: $25 (5%). Interest: 28% APR starting immediately. After 30 days, you owe $536.67. After 6 months of minimum payments, you've paid $85 in interest on $500.
Want to learn more? Read our Financial Wellness Guides for in-depth explanations and practical advice.
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