Employee Debt Repayment Benefits

Make a Difference

4 of 5 Canadian workers worry about finances at work.

Marmot provides employer-sponsored plans to assist with the repayment of a student loan or residential mortgage.

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Recruit Top Talent

60% of university graduates in Canada enter the workforce with debt. Student loan repayment benefits give employers a competitive edge when hiring.

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Improve Employee Retention

Employees value company help to repay debt. Employer sponsored benefits let employees prioritize their benefits towards repaying Canadian Student Loans or Residential Mortgages.

What are Debt Repayment Benefits?

Debt repayment voted among Canadians’ top financial priorities (CIBC Annual Financial Priorities Poll). Debt benefits deliver exactly what employees want – support for financial wellness.

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Delivers Employers a Positive ROI

Reducing debt-related stress improves employee morale and mental health, resulting in a proven increase in productivity with lower staff turnover.

Student Loan Repayment Benefits Help Employees

Marmot provides planning tools and monthly progress reports that help employees make informed choices to repay debt.

44 Months

Average monthly payments saved

+$10,000

Average savings on student loan costs

Improve Credit Scores

A path to financial wellness

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Implementation Success

Commitment to Customer Satisfaction

Marmot delivers a seamless and secure integration with payroll systems to leave minimal work for HR teams. We provide admin training and onboarding and manage employee signups. All plans include support and/or collateral for benefit rollout, implementation, employee registration, marketing and benefit communications.

Easy Implementation

Easy Implementation

No Building or Reworking

No Building or Reworking

Fast Rollout

Fast Rollout

Choose Marmot for Results

Employers

Improve employee retention

Recruit top talent

Boost productivity and job satisfaction

Employees

Pay down student loans or mortgages faster

Save money on interest

Improve life affordability

Testimonials

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It was easy to sign up and I've actually seen a drop in my overall total for student loans which is nice since interest rates are high at the moment. I'm very happy with [this benefit]." 

Shanna

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How It Works

Marmot’s easy-to-navigate platform and comprehensive reporting means low admin. Programs can be offered alongside workplace savings plans like GRSP, DPSP, ESPP, GTFSA and in some cases, DCPP.

A new payroll line item is all it takes to set up your employee debt repayment program.

It's the Benefit Employees Want

Reward

Puts thousands of dollars back in your employees’ pockets.

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