2017-01-30 09:45:58 +00:00
|
|
|
# Employee Loan Management
|
|
|
|
|
This module enables companies which provides employee loans to define and manage employee loans.
|
|
|
|
|
Employees can request loans, which are then reviewed and approved. For the approved loans,
|
|
|
|
|
repayment schedule for the entire loan cycle can be generated and automatic deduction from salary can also be set up.
|
|
|
|
|
|
|
|
|
|
### Loan Type
|
|
|
|
|
To create a new Loan Type go to:
|
|
|
|
|
|
|
|
|
|
> Human Resources > Employee Loan Management > Loan Type > New Loan Type
|
|
|
|
|
|
|
|
|
|
Configure Loan limit and Rate of interest.
|
|
|
|
|
|
2017-07-31 11:11:35 +00:00
|
|
|
<img class="screenshot" alt="Loan Type" src="/docs/assets/img/human-resources/loan-type.png">
|
2017-01-30 09:45:58 +00:00
|
|
|
|
|
|
|
|
### Employee Loan Application
|
|
|
|
|
|
|
|
|
|
Employee can apply for loan by going to:
|
|
|
|
|
|
|
|
|
|
> Human Resources > Employee Loan Management > Employee Loan Application > New Employee Loan Application
|
|
|
|
|
|
2017-07-31 11:11:35 +00:00
|
|
|
<img class="screenshot" alt="Employee Loan Application" src="/docs/assets/img/human-resources/employee-loan-application.png">
|
2017-01-30 09:45:58 +00:00
|
|
|
|
|
|
|
|
#### In the Employee Loan Application,
|
|
|
|
|
|
|
|
|
|
* Enter Employee details and Loan details
|
|
|
|
|
* Select the repayment method, and based on your selection enter Repayment Period in Months or repayment Amount
|
|
|
|
|
|
|
|
|
|
On save, Employee can see Repayment Information and make changes if required before submitting.
|
|
|
|
|
|
2017-07-31 11:11:35 +00:00
|
|
|
<img class="screenshot" alt="Employee Loan Application" src="/docs/assets/img/human-resources/repayment-info.png">
|
2017-01-30 09:45:58 +00:00
|
|
|
|
|
|
|
|
### Employee Loan
|
|
|
|
|
|
|
|
|
|
Once the Loan is approved, Manager can create Employee Loan record for the Employee.
|
|
|
|
|
|
|
|
|
|
> Human Resources > Employee Loan Management > Employee Loan > New Employee Loan
|
|
|
|
|
|
2017-07-31 11:11:35 +00:00
|
|
|
<img class="screenshot" alt="Employee Loan Application" src="/docs/assets/img/human-resources/employee-loan.png">
|
2017-01-30 09:45:58 +00:00
|
|
|
|
|
|
|
|
#### In the Employee Loan,
|
|
|
|
|
|
|
|
|
|
* Enter Employee and Loan Application
|
|
|
|
|
* Check "Repay from Salary" if the loan repayment will be deducted from the salary
|
|
|
|
|
* Enter Disbursement Date and Account Info
|
|
|
|
|
* As soon as you hit save, the repayment schedule is generated.
|
|
|
|
|
|
2017-07-31 11:11:35 +00:00
|
|
|
<img class="screenshot" alt="repayment Schedule" src="/docs/assets/img/human-resources/repayment-schedule.png">
|
2017-01-30 09:45:58 +00:00
|
|
|
|
|
|
|
|
#### Loan repayment deduction from Salary
|
|
|
|
|
|
|
|
|
|
To auto deduct the Loan repayment from Salary, check "Repay from Salary" in Employee Loan. It will appear as Loan repayment in Salary Slip.
|
|
|
|
|
|
2017-07-31 11:11:35 +00:00
|
|
|
<img class="screenshot" alt="Salary Slip" src="/docs/assets/img/human-resources/loan-repayment-salary-slip.png">
|
2017-01-30 09:45:58 +00:00
|
|
|
|
|
|
|
|
|
|
|
|
|
|
