OpenHRMS Loan is a component of OpenHRMS suit. OpenHRMS Loan module helps the user to configure different loan policies, assign approval authority.
Conduct the verification process and sanction loan for employees.
Employee can create loan request
Amount will automatically deducted from the payslip of the corresponding month.
Employees can submit a loan request by navigating to the "Loan & Advances" menu from Employee module.
HR & Accounting department need to approve the request for loan.