Neyber fear, help is here
Financial difficulties can significantly affect our overall well-being yet talking about money and personal finances has long been seen as a taboo subject, particularly in the workplace.
If you're feeling worried and anxious about money, you're not alone. Financial worries are a major cause of stress for millions of adults; just take a look at the below figures:
- One in two people worry about their finances with many people ‘slipping’ financially each year and resorting to expensive forms of borrowing
- Two thirds of UK workers are ‘balancing’ financially, dealing with the ‘now’ rather than saving for the future
- One in six people under the age of 35 have defaulted on debt repayments
- Only 40% of people have a month’s worth of savings to tide them over and just 58% of people feel confident about handling unplanned spending of up to £500.
What happens when you are financially unwell?
Poor financial well-being can lead to poor mental health. Worrying about money can leave you feeling stressed, low or anxious. It can also affect your self-esteem, sleep, and relationships with friends, colleagues or loved ones. But don’t worry, help is available.
Neyber
Neyber may be able to help colleagues save money by consolidating their debts. Through My Bundle’s Financial Wellbeing option you can now access debt consolidation loans and financial education material.
- Flexible: borrow from £2,000 - £25,000 over 1-5 years
- Hassle-free: one easy, monthly/weekly repayment deducted straight from your wages
- Affordable: four fixed rates at 4.9% APR, 6.9% APR, 9.9% APR, and 14.9% APR.
Representative Example: 7.9%* APR representative based on a loan of £7,400, repayable over five years at an interest rate of 7.9% PA (fixed), administrative fees: £0, monthly payment of £148.73 total amount payable £8,923.80.
You can log into My Bundle through People System Portal (PSP) if you use it, or alternatively you can visit mybundle.myroyalmail.com or RMG & Me on the intranet.
*Representative example of 7.9% APR is based on Neyber’s overall loan book and is representative of all Neyber customers. All loans are subject to status and lending criteria. Rates correct at 09.05.2018.
