Best Employee Financial Assistance Program- MantraCare
A complete employee wellbeing, engagement & experience platform.
We offer financial counseling, flexible repayment options, and emergency funds to support staff during tough times—reducing stress and improving productivity.
Want to implement Financial Assistance Program?
What is a Employee Financial Assistance Program?
An Employee Financial Assistance Program (EFAP) is a workplace initiative that provides practical and emotional support to employees facing financial difficulties. These programs often include emergency funds, financial counseling, debt management resources, flexible repayment options, and educational assistance—all aimed at reducing stress and improving overall financial well-being.
At MantraCare, our Employee Financial Assistance Program is built to meet the real needs of today’s workforce. With rising living costs and economic uncertainty, employees are increasingly seeking employers who offer genuine financial support, not just a paycheck.
Whether it’s helping with a medical bill, easing student loan debt, or guiding someone through budgeting, MantraCare’s EFAP is tailored, confidential, and designed to make a real impact—for both employees and employers.
Benefits of Mantracare Financial Assistance Program
Most of our clients achieved a positive ROI on their employee health investment. We helped them make healthier and happier workplaces, leading to improved employee productivity, improved employee morale, lower absenteeism & higher retention.
Felt more equipped to manage stress
IT Company
Reported increase in productivity
FMCG Company
Saved due to turnover reduction
Hospitality Company
How it works?
Take Assessment
Help us to get the needs & goals of employee, so that we connect them with the right assistant.
Match with a Financial Assistant
Match with a Mantra assistant who is available to you via call or chat.
Enroll in the program
Employees get access to fund planning tools, budgeting, and more.
Get Comprehensive Financial Assistance at MantraCare
1. Bankruptcy
Helps employees navigate financial difficulties and develop strategies to avoid bankruptcy.
2. Budgeting
Helps employees create & manage budgets to effectively track & control their spending
3. Retirement Planning
Comprehensive retirement planning , create a roadmap to secure financial future
4. Major life event plan
Financial advice & planning for significant life events such as weddings, adoptions, & divorces.
5. Debt Management
Aids in lowering interest rates & consolidating debt, providing strategies to regain finance control
6. Fund Planning
Assists in developing customized plans to save for events such as child education, buying home, etc.
Why choose Mantra for Financial Assistance?
Decreased HR Costs
Increased ability to communicate & cooperate
Switch financial assistant based on your needs
Decreased stress related illnesses & absenteeism
Customers get positive results with MantraCare
Global Reach
Frequently Asked Questions
An Employee Financial Assistance Program (EFAP) provides financial support to employees during personal emergencies or unexpected hardships—through services like counseling, emergency funds, and flexible repayments.
Employers can provide financial education resources, workshops, or seminars to enhance employees’ financial literacy. This empowers employees to make informed decisions and manage their finances effectively.
Employers should regularly evaluate and monitor the effectiveness of their financial assistance programs. Gathering feedback from employees, tracking program outcomes, and making necessary adjustments contribute to their long-term success.
Yes, financial assistance programs can enhance employee retention and morale. By supporting their employees’ financial well-being, employers create a positive work environment and demonstrate their commitment to their workforce’s overall success.
Employers can ensure fairness and confidentiality by implementing clear and consistent policies, maintaining strict confidentiality of employee financial information, and treating all applications for assistance with sensitivity and impartiality. Regularly reviewing and updating these policies can help maintain transparency and trust.
Eligibility can vary by employer, but typically all full-time and part-time employees may qualify for some level of assistance. Speak to your HR team or contact us directly for details.
Financially supported employees are more productive, loyal, and engaged. These programs also reduce absenteeism and workplace stress.
Absolutely. MantraCare offers fully customizable financial wellness programs to match the unique needs of your workforce and budget.
