Philippines Employee Loans details

Select the “Philippines Employee Loans details” activity under the “Philippines Statutory Administration” business component.

The “Philippines Employee Loans details” page appears.

Note: Clicking this icon available near certain fields takes you to the help page of the respective field.

The system displays the following

Philippines Statutory Administration Unit

Use the drop-down list box to select the Philippines statutory administration unit to which an employee belongs.

Enter the following details in the “Quick Entry for Loan Details” group box:

Employee Code	The code identifying the employee for which the loan details to be defined. Mandatory
Loan Deduction Element	Use the drop-down list box to select the loan deduction element. The combo is loaded with the values “Select”, “HDMF Loan”, “SSS Calamity” and “SSS Education Loan”.
Loan Number	A unique number identifying the loan.
Loan SEQ.NO	The sequence number identifying the loan.
Loan Availed Date	The date on which the loan is availed.
Principal Amount	The principal amount of the loan.
Interest Amount	The interest amount calculated for the loan.
Monthly Installment	The monthly installment through which the principal amount of loan must be repaid.
Monthly Interest Amount	The monthly interest amount of the loan.
Loan Outstanding Amount	The amount of loan that the employee is liable to pay but has not paid as on the current date.
Recovery Effective From	The actual amount of loan recovered on installment basis from the effective start date of the process period.
Previous Employer Amortization	The payment of installments or transfers of the previous employer.
Total Amount Paid	The total amount paid against the loan.
Loan Status	Use the drop-down list box to select the status of the loan. The combo is loaded with the values “Select”, “Active” and “Inactive”.
Penalty Amount	The penalty amount applicable against the outstanding loan.
Remarks	Any remarks or comments regarding the loan details.

Click the “Add” pushbutton to default the loan details to the statutory.
Enter the following details in the “Search Criteria” group box:

Employee Code From	The code identifying the employee from which you want to retrieve the details.
Employee Code To	The code identifying the employee until which you want to retrieve the details.
Loan Deduction Element	Use the drop-down list box to select the loan deduction element. The combo is loaded with the values “Select”, “HDMF Loan”, “SSS Calamity” and “SSS Education Loan”.
Loan Status	Use the drop-down list box to select the status of the loan. The combo is loaded with the values “Select”, “Active” and “Inactive”.

Click the “Get Details” pushbutton to retrieve the search details in the multiline.
Enter the following details in the multiline:

Employee Code	The code identifying the employee. Mandatory
Loan Deduction Element	Use the drop-down list box to select the loan deduction element. The combo is loaded with the values “Select”, “HDMF Loan”, “SSS Calamity” and “SSS Education Loan”.
Loan Number	A unique number identifying the loan. Mandatory
Loan SEQ.NO	The sequence number identifying the loan.
Loan Availed Date	The date on which the loan is availed. Mandatory
Principal Amount	The principal amount of the loan. Mandatory
Interest Amount	The interest amount calculated for the loan. Mandatory
Monthly Installment	The monthly installment through which the principal amount of loan must be repaid. Mandatory
Monthly Interest Amount	The monthly interest amount of the loan.
Loan Outstanding Amount	The amount of loan that the employee is liable to pay but has not paid as on the current date.
Recovery Effective From	The actual amount of loan recovered on installment basis from the effective start date of the process period.
Previous Employer Amortization	The payment of installments or transfers of the previous employer. Mandatory
Total Amount Paid	The total amount paid against the loan. Mandatory
Loan Status	Use the drop-down list box to select the status of the loan. The combo is loaded with the values “Active” and “Inactive”.
Penalty Amount	The penalty amount applicable against the outstanding loan. Mandatory
Remarks	Any remarks or comments regarding the loan details.

Click the “Submit” pushbutton to save the loan details of the employee.

The system saves the entered details.