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Checks
the employees’ eligibility
to the different types of loans. Includes a simulation
function on the employee’s loan application. |
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Manages the loan master
record for the employees, and includes information
pertaining to the approved loan amount, principal loan,
commencement date, final repayment date, monthly installment
amount, disbursement amount and others. |
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Allows full and progressive
payment of the approved loan amount to employees. |
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Allows monthly
deduction of loan installments from employees’ salary. |
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Allows adjustments to be
made to the monthly installment amount. This includes
a feature to capture recalculation of relevant loan
data when an adjustment is made via the adjustment
screen. Different kinds of processing will be triggered
according to the type of adjustments made. |
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Able to generate loan ledgers
as well as various reports to monitor the loan repayment. |