Manage Loan Request of Employees
Key Highlights
Loan Request
Employees can create loan requests.
Loan Request Approval/Refuse
Employee/Administrator can approve or reject the loan requests.
Pending Installments in Payslips
While creating Payslips, automatically lists the pending installments for the corresponding month.
Loan Amount Deduction From Salary
The loan amount will automatically deduct from the Salary.
Add a Salary deduction rule for Loan by selecting the Salary Rule Name as 'Loan'.
Go to Employees -> Loan & Advances -> Click on the 'Request for Loan' menu, where Employees can create a Loan Request.
Employees have the ability to create a Loan Request by providing details such as Loan Amount, Number Of Installments, and other relevant information.
On clicking the "Compute Installment" button, will compute the Installments lines based on the Loan Amount and No Of Installments
After submitting the Loan Request, the User having Employee/Administration right can approve the request by clicking the button "Approve" .
Able to view the Loan Requests related to a specific Employee by clicking the "Loans" smart button within the Employee Form view.
When creating the Payslip, all pending Installments for the month will be listed.
After Confirming the Payslip, the Installment Amount will deducted from the Total Loan Amount
Initial Commit for Open HRMS Loan Management
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