Employee Loan Details - A summary of the activity

This activity enables you to enter the details of the loan availed and the recovery of the loan amount for an employee.  To enter the details for an employee, you are to specify

• The organization unit to which the employee belongs

• The payroll calendar to which the process period is mapped

• The code of the employee for whom you want to specify the details

You can enter the following loan details for an employee:

• The type of the loan

• The date of loan application

• The loan amount

• The disbursement period

• The starting and ending dates of the process periods in which the loan amount will be recovered

• The adjustment amount, if any

• The pay element through which the loan amount is recovered.

On Saving the details, the system displays the loan amount, the recovery amount, balance amount etc. are fetched from the Loan Master details.  In addition, you can modify the details that you have already entered.  You can also specify the whether separation is allowed for an employee who has availed the loan.

Getting familiar with the pages inside  

6      Hyperlinked topics below

What you can do in this activity  

Specifying / modifying the loan details for an employee.