Loan related FAQs

How to add Loan Master ?
Loan Master   This option is used to create loan name, which could be selected while adding new loan records. Follow the below steps to create a loan n...
Thu, 23 May, 2019 at 12:02 PM
How to add and disburse new Loan record ?
Loan Disburse In Loan Disburse page, admin users can add/edit/view/delete Loan details of employees. Go to Transactions section >> under Loan...
Thu, 23 May, 2019 at 12:00 PM
How to recover loan installments for couple of subsequent months in one payroll?
  Loan Payment   Loan Payment allows users to settle the loan amount for the select installment periods. Go to Transactions section >> under L...
Thu, 23 May, 2019 at 12:05 PM
How to waive/close the loan ?
  Loan Waiver/Closure   Loan Waiver/Closure allows users to waive/close the whole pending loan amount for the selected employees. Go to Transactions...
Thu, 23 May, 2019 at 12:20 PM
Why Loan EMI is not getting deducted?
The reasons for this could be as under:   1. If the Loan is rescheduled    Go to Transactions >> Disburse Loans under “Loans”. a. Click on “Vi...
Mon, 13 Aug, 2018 at 10:45 AM
How to Override Loan Installment?
This article guides the steps to override the loan instalment manually and in bulk as well. In the manual process, you can make changes in the loan instalme...
Tue, 1 Aug, 2017 at 4:13 PM