Recording the loan details
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Select the “Record Loan Details” link from left pane.
The “Loan Details” page appears.
The system displays following.
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Date Format |
The date format SSas applicable to the login user. Tell me more |
Enter the following.
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Organization Unit |
From the drop-down list, select the required organization unit. Tell me more |
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Grade Set |
The code of the grade set to which the grades are mapped. Help Available |
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Loan Type |
From the drop-down list, select the type of loan. The drop-down list displays the values as defined in the “Quick Codes” component. |
Ø Select the “Get” pushbutton to retrieve the existing entries, if any.
Ø Enter / edit the following in the multiline.
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Grade |
The code of the grade for which you want to enter the loan details. Help Available |
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Effective Date From |
The date from which the loan amount is effective for the specific grade. |
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Effective Date To |
The date till which the loan amount is effective for the specific grade. |
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Loan Amount |
The loan amount that can be given to the employees in the specific grade for the selected loan type. |
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Interest Rate |
The rate of interest. Enter the numeric value. For example, if the interest rate is 2%, enter 2. |
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Installment |
The number of installments. For example, if the loan is repaid in 24 months, enter 24. If the loan is paid in 2 years, enter 2. |
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Installment Duration |
From the drop-down list box, specify whether the installment duration is “Month” or “Year”. |
Select the “Save” pushbutton.
The system saves the details entered.
6 Hyperlinked topics below
Use this page to enter or modify the loan details for a grade.