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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.
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