Date Format

The date format that is applicable to the login user.

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Loan Administration Unit

From the drop-down list box, select the loan administration unit.

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Application Code

The unique code to identify the loan / advance application.

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Application Date

The date on which the loan or advance was applied.

Employee Code

The unique code identifying the employee.

Employee Name

The name of the employee.

Position

The position held by the employee.

Work Location

The actual place of work of the employee.

Date of Retirement

The date on which the employee will retire from service.

Current Basic

The current gross compensation of the employee as per “Compensation Details” .

Loan

The loan or advance applied for. For example Motor Car loan and Festival advance.

Min. No of Principal Installments

The minimum number of installments through which the principal amount of loan / advance must be repaid.

Max. No. of Principle Installments

The maximum number of installments through which the principal amount of loan / advance can be repaid.

Min. No. of Interest Installments

The minimum number of installments through which interest on loan / advance must be paid.

Max. No. of Interest Installments

The maximum number of installments through which interest on loan / advance must be paid.

Eligibility Amount

The maximum amount of loan / advance that the employee can avail.

Loan Interest (%)

The rate of interest on the loan / advance.

Loan Amount

The amount of loan the employee requested by the employee.

Estimated Amount

The estimated amount of expenditure for the task or purpose for which the employee.

Desired No. of Principal Installments

The number of installments through which the employee intends to repay the principal amount.

Desired Principal Installment Amount

The amount of principal installment.

Desired No. of lnterest Installments

The number of installments through which the employee intends to repay the interest amount.

Desired lnterest Installment Amount

The amount of interest installment.

Payable to Employee

Indicate whether the installment is to be paid to the employee or to an authorized person or organization. From the drop-down list box, select “Yes”, if the installment amount must be handed over to the employee and “No” for others.

Payee Name

The name of the organization or person receiving the installment amount.

This information is relevant and mandatory if you have selected “No” in the “Payable to Employee” field.

Comments

Any remarks or suggestions regarding the loan application.

Sanctioned Date

The date on which the loan amount is sanctioned for release.

Sanction Amount

The amount of loan / advance sanctioned by the concerned authority.

This is the amount of loan / advance that is eventually granted to the employee. 

Exception

Select this flag to indicate the stipulated rules have been overridden when granting the loan / advance.

New Loan Interest (%)

The new rate of simple interest.

Exception Reason

The reason for overriding the stipulated rules for loan / advance.

Total Disbursed Amount

The sum of all the installment amounts disbursed to the employee till date.

Total Principal Paid

The total amount of principal repaid by the employee till date.

Balance Principal to be Paid

The balance amount of principal to be repaid by the employee.

Total Interest Paid

The total amount of interest repaid by the employee till date.

Balance Interest to be Paid

The balance amount of interest to be repaid by the employee.

Total Penal Interest Paid

The total amount of penal interest paid by the employee till date.

Balance Penal Interest to be Paid

The balance amount of penal interest to be paid by the employee.

No. of Principal Installments

The number of installments by which the principal amount is paid.

Principal Installment Amount

 The amount per principal installment.

No. of Interest Installments

The number of installments by which the interest amount is paid.

This field is relevant for loans only.

Interest Installment Amount

The amount per interest installment.

This field is relevant for loans only.

Loan Recovery Effective From

The date from which the loan / advance becomes payable.

Installment Number

The number of the installment.

Process From

The start date of the installment period.

Process To

The end date of the installment period.

Transaction Source

The source of the record, which can be either Payroll or Prepayment.

Principal Outstanding

The amount of principal that the employee is liable to pay but has not paid up till now.

Interest Outstanding

The amount of Interest that the employee is liable to pay but has not paid up till now.

Scheduled Principal Recovery

The planned date by which the principal amount is to be recovered.

Scheduled Interest Recovery

The planned date by which the interest amount is to be recovered.

Scheduled Penal Interest Recovery

The planned date by which the employee must repay the penal interest amount.

Actual Principal Recovery

The date on which the employee paid the principal amount.

Actual Interest Recovery

The date on which the employee paid the interest amount.

Actual Penal Interest Recovery

The date on which the employee paid the penal interest amount.

Interest Accrued

The amount of interest accrued till date.

Penal Interest Accrued

The amount of penal interest accrued till date.

Prepayment Amount

The amount of loan / advance paid by the employee before the scheduled date of recovery.

Payment Mode

The mode of payment,namely  cash, bank or payroll.

Remarks

Any comments on the installment.