Loan Management

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.

Loan Configuration

  • Manage multiple Loan type
  • Create multiple Loan policy
  • Rich configuration to tackle policy challenges
  • Minimizing the risk by having witness


Loan Request

  • Define multiple level of approval
  • Apply for company loan on single click
  • Track the Loan request any time
  • EMI managment to handle the monthly obligations