Loans and Advances- New UI
Loan Master helps create the various loans applicable to your company. The loans created can be selected when adding new loan records. Follow the step...
Tue, 10 Jun, 2025 at 5:27 PM
The company, as per its policy, can decide on the amount of the loan, method of recovery, and number of installments to recover the loan Follow the bel...
Tue, 10 Jun, 2025 at 5:29 PM
The Employee Loan Report provides details on the loan type, status, disbursement details, interest rate, and the balance amount of the loan. This repor...
Tue, 10 Jun, 2025 at 5:30 PM
The Loan Status Report helps you get an overall view of all the loans taken by the employees as of a particular month. On the Home Page, click “Transac...
Tue, 10 Jun, 2025 at 5:31 PM
Manage Loan Payment, which is basically managing the loan payments, allows you to adjust payments received outside payroll/waive part of the loan amount. ...
Tue, 10 Jun, 2025 at 5:32 PM
Disbursement of a loan is when the agreed loan amount is paid to the employee's account and is available for use. Please note: The Repayment Sta...
Tue, 10 Jun, 2025 at 5:34 PM
A loan Waiver is the writing off of the outstanding loan, and there will be no further recovery. Loan closure is the final step of the loan process, wher...
Tue, 10 Jun, 2025 at 5:36 PM
Your loan EMI may not have been deducted due to several possible reasons. 1. If the Loan is rescheduled If there are any changes in the schedule f...
Tue, 10 Jun, 2025 at 5:38 PM
Ad hoc: Here the interest rate can be changed whenever required. Fixed Interest—The interest will remain the same throughout the loan period. ...
Tue, 10 Jun, 2025 at 5:39 PM
Generally, the loan installments are automatically deducted from the monthly payroll based on the amounts mentioned in the loan schedule. You have the opti...
Tue, 10 Jun, 2025 at 5:41 PM