Loan Management
Using Savvy HRMS, Manage employees lending process in your organization seamlessly
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 with Loan Management System.
- Management of various types of loans.
- Loans can be managed based on the fixed interest computation & unique interest computation.
- The employee requests loans online based on the organization’s policy.
- Approval process for loans based on workflows.
- Rich functionality to manage the loan EMI.
- Multiple options for loan repayment.
- The loan balance & loan ledger can be obtained employee-wise.
- Handling statutory compliance for loans given by the company through the Loan Management System.
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 management to handle the monthly obligations
