Pay & money
Loans & Advances
Issue staff loans and salary advances, then recover instalments through payroll with an always-accurate outstanding balance.
What it does
- Loan types with configurable instalment plans
- Automatic payroll deduction
- Outstanding balance derived from posted instalments
- Loan register with settlement at exit
Questions about loans & advances
Are loan instalments deducted automatically from salary?
Yes. Approved loans create an instalment schedule that payroll deducts each month, and the outstanding balance is derived from instalments the payslips actually took.