Loan

Loan

A loan to an employee is money advanced paid by the company to the employee. If the employee is expected to repay the loan within a defined date, the loan balance is a current asset of the company.

Implementation
Updated 1 year ago by Implementation

Loan Approval

LoanĀ approval process is the method an organization uses to approve loans of employees from two level of approving heads.

Implementation
Updated 1 year ago by Implementation

Loan Re-adjust

Loan Re-adjustment is a change made to the terms of an existing loan by HR or Loan Approving head. It may involve changes in the amount of applied loan and change the number of installments.

Implementation
Updated 1 year ago by Implementation

Set Off the Loan

A set-off loan is a process that gives authority to the settlement of mutual debt between a creditor and a debtor through offsetting.

Implementation
Updated 1 year ago by Implementation

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