Many organizations provide loan or financial arrangements, where an employee borrows money from their employer mostly for personal reasons.
If an employee resigns before the repayment period of the loan, the company can request the employee to settle the balance amount immediately. The admin can also adjust it in the full and final settlement as a part of the clearance process.
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Related Links:
Video- To watch the video on Employee Loan, click here.
FAQs- To read more FAQs about Employee Loan, click here.
Documentation- To learn more about Employee Loan, click here.
Product Update- To read about the product update, click here.
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