Loans
In addition to your competitive salary package and the other benefits you may be entitled to, such as enhanced family leave and sickness absence payments, the College offers a range of other optional financial benefits that we would like you to be aware of.
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Season Ticket Loan If you are a member of staff whose appointment has at least six months to run, you are eligible to apply for an interest free season ticket loan for travel from your home (normal residential address) to your workplace by rail, underground, bus, or other approved public carrier. Read the full eligibility criteria and how to apply. |
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General Salary Advance We will consider a salary advance to you in the following circumstances: a) at the beginning of employment, pending your first month’s pay; b) on compassionate grounds e.g. to pay funeral expenses. In other exceptional circumstances, an advance may be approved by the HR Staff Hub in consultation with the relevant HR Strategic Support team. Download the Salary Advance form. |
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Salary Advance for UK immigration application fees We are able to provide an interest free loan facility to assist you if you are: a) a current or prospective (must have been issued with an offer of employment or conditional offer) non EEA staff member and your dependants with payment of UK visa fees and/or Immigration Health Surcharge (IHS) costs or b) a current non EEA, EEA or Swiss national staff member and your dependants with payment of UK residency application fees or Citizenship costs. |
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Study Loan College staff can benefit from an interest free loan to help with the costs of part time study while employed by Imperial. The aim is to help you engage in study that will further your career aspirations yet falls outside of the provision available within the College Season ticket loan. |
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Cycle To Work Scheme The Cycle to Work scheme allows staff to apply for a loan that can be used to hire a bicycle from approved retailers. At the end of the rental period, you'll have the option to purchase the bicycle. Because the loan is deducted via salary sacrifice, you'll benefit from tax reliefs and a reduced rate of National Insurance. View more details and how to apply. |
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Rental Deposit Loan We offer an interest-free loan to assist staff with paying a deposit when moving into a privately-rented property. Read about eligibility and how to apply. |