The Season Ticket Loan Program is designed to support employees with the cost of commuting by providing interest-free loans for purchasing season tickets. This benefit allows employees to spread the cost of commuting over a 12-month period, making it more manageable and cost-effective.
Loan Amount: Employees can apply for a loan of up to £5,000 per year to cover the cost of their commuter season ticket.
Repayment Terms: The loan is interest-free and is repaid through monthly salary deductions over a 12-month period.
Flexibility: The program accommodates commuting via train, bus, or other eligible transport options.
