Loan Waiver/Closure

 

Loan Waiver/Closure allows users to waive/close the whole pending loan amount for the selected employees.


Go to Transactions section >> under Loan >> click on Closure/Waiver

 

Ø Enter Waiver Date

Ø Select the Employee Name & the Loan Name from the Dropdown lists.

Ø Information in the rest of the fields will be populated automatically i.e., Loan Amount, Waived Amount and Amount Paid Till Date

Ø Enter Comments i.e., descriptions/reasons for waiving off loan amount, if any

Click on save to save the information