Philippines Employee Loans details – A summary of the activity

Through this activity, you can specify the loan details of the employee. The loan deductions are carried out based on the monthly installment amount and balances provided. The specified monthly installment amount can be deducted from employee’s salary, and the balances will be updated accordingly. You can provide the loan details like loan number, loan deduction element, loan sequence number, principal amount, interest amount, monthly installment, loan outstanding amount, loan status and penalty amount. Based on the search criteria, the system displays the loan details in the multiline. You can modify the details specified earlier.

Getting familiar with the pages inside