Loans

7 articles

Articles

Add a loan on behalf of an employee (admin) A Loan in HRStop refers to an amount lent by the employer to an employee, which is repayable over a defined or flexible period through payroll deductions.... How-to
Apply for a loan as an employee Purpose This article explains how you can apply for a loan through the Employee Self Services portal . Once your organization enables this option, you can... How-to
Record loan repayments (EMI transactions) Purpose This article explains how, as an administrator, you can record or track EMI transactions for employee loans in HRStop. Loan repayments can either... How-to
Loan approval workflow Purpose This article explains how loan requests created in HRStop can be reviewed, approved, or rejected by managers or administrators. The approval... How-to
Mark a loan as disbursed Purpose This article explains how administrators or finance teams can mark a loan as Disbursed once the approved loan amount has been released to the... How-to
Loan transaction details Purpose This article explains how, as an administrator, you can view detailed information for any employee loan, including repayment transactions,... How-to
Loan settings configuration Purpose The Loan Settings section in HRStop lets you define the eligibility and processing rules that govern how loans are requested, approved, and... How-to