Work Visa Loan Scheme
The University is committed to ensuring that employees are supported where their employment at the University also brings with it additional requirements and financial costs in respect of Visa fees and surcharges.
The Visa Loan Scheme offers employees a chance to agree a short term interest free loan in order to cover the associated costs, and repay the amount over an agreed period of time. This scheme helps to both spread the cost of payment and support financial planning activities for our employees.
Employees wising to apply for a visa loan through the University must meet the following criteria:
- Currently an employee on a permanent of a fixed term contract with an end date that is at least 12 months after the first loan repayment date.
- Must require a UK visa in order to carry out their employed duties.
- The employee is responsible for completing all application documents for the Government themselves, the University will only be responsible for the granting of the loan and the repayment terms.
- The applicant must be endorsed by their line manager
Employees applying for the visa loan scheme can do so at any point throughout the financial year up to the maximum of £3,000. Loans are interest free and not subject to any taxation or administration charges.
For more information please contact the Payroll Services Team.