In many companies, there is a provision to provide loan to their employees when needed in emergency. So to manage all the loan amounts, like to whom how much amount is sanctioned; who needs to deposit how much; when is the EMI date; all these records are maintained at single platform of Savvy HRMS. This module also calculates the EMI as per the granted loan amount.
- Handling of multiple types of loan.
- Loan can be managed on the basis of fixed interest calculation & reducing interest calculation.
- Online Loan Request from the employee based on the policy.
- Loan approval process based on work flows.
- Rich option to manage the loan EMI.
- Multiple loan repayment option.
- Loan balance & loan ledger employee wise can be taken.
- Handling statutory compliance for company provided loans.
- Manage multiple Loan type
- Create multiple Loan policy
- Rich configuration to tackle policy challenges
- Minimizing the risk by having witness
- Define multiple level of approval
- Apply for company loan on single click
- Track the Loan request any time
- EMI management to handle the monthly obligations