This module of HR Mangtaa enables the user to create and manage employee loan policies and Advance Policies based on different parameters.
- Employees can request loans which are then reviewed, approved, and converted to loan agreement which include terms of payment and the life of the loan.
- Loan payments are processed automatically through the payroll at the end of each pay period.
- Advances can also be managed similarly.
- Can create multiple loan types.
- Different methods of repay option available.
- Automatic carry forward Facility available.