How can admin update loan repayment details of employee?

A loan is an amount that an organization provides on interest to its employees when employees require financial assistance.  

To update the loan repayment details of an employee, the admin must perform the following actions:

1. From the greytHR Admin login, navigate to Payroll > Payroll Inputs > Loan. The Loan page opens.
2. From the Search Employee search box, select the employee whose loan you want to manage. Selected employee's loan details appear.
3. Under the Loan Repayments tab, double-click the table and enter the details in the Date, To Principal, To Interest, and Amount columns.
4. Click Save. The payment now reflects under the General tab.

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Related Links:

Video- To watch the video on Managing employee loan, click here.

FAQs- To read more FAQs about the Loan, click here.

Documentation- To learn more about Loans, click here.

Product Update- To read about the product update, click here.