Loan

Learn how to manage employees' loan(s)

Create Loan
Loan allows users to set up employee loan records and automate monthly salary deductions during payroll processing. Loan repayments are deducted automatical...
Sun, 7 Jun, 2026 at 7:53 AM
Suspend Loan & Resume Suspended Loan
This feature allows employers to temporarily stop and then resume loan repayments for an employee. When a loan is suspended, no further payroll deductions w...
Sun, 7 Jun, 2026 at 7:54 AM
Loan / Cash Settlement
When employees repay their loans in cash, employers can record the repayment in the system. This feature also allows HR or Payroll users to manage loan sett...
Sat, 6 Jun, 2026 at 12:34 PM