Loan Management Module in HR360+

Overview of Loan Management in HR360+

Many companies provide loans or salary advances to support employees during financial needs, emergencies, or personal commitments. But manual loan tracking often leads to confusion, errors, and lack of transparency—creating problems for both employees and HR teams.

The Loan Management Module in HR360+ eliminates these challenges by offering a streamlined, automated, and transparent process for handling employee loans, repayments, and records. With seamless payroll and SAP integration, HR360+ ensures loans are managed accurately, fairly, and hassle-free.

Loan Management

Core Functions of Loan Module

Loan Calculation

  • Calculate loans provided to employees based on salary, eligibility, and company policies.

  • Flexible configuration for different loan types such as personal loans, salary advances, emergency loans, and medical loans.
  • Eliminates manual errors and ensures clear loan disbursement records.

Loan Repayment

  • Track repayments seamlessly in the form of monthly EMIs.

  • Automatic deduction from employee payroll to ensure timely and accurate repayments.
  • Manage prepayments or partial settlements with ease.
List of Complete Loan

  • Provides a comprehensive history of completed and ongoing loans.

  • HR/Admin can view, manage, and download loan records for compliance.
  • Enhances transparency for both management and employees.

What is Loan Management in HR360+

The Loan Management module is designed to help HR and Finance teams calculate loans, track repayments, and maintain complete loan histories in one centralized system.

Whether it’s a personal loan, emergency loan, or company-provided financial support, HR360+ ensures every step—from approval to EMI deduction—is automated, transparent, and policy-compliant.

This allows businesses to support employees financially while maintaining accurate financial records.

Key Features of HR360+ Loan Management

  • Automated loan calculations and EMI setup

  • Easy tracking of repayments with payroll integration

  • Full loan history records with completed vs. active loans

  • Flexible loan configuration based on company policies

  • Transparent loan status for both HR and employees

  • SAP integration for accurate financial posting

  • Prepayment and settlement options

  • Reports for compliance and audits

Loan Management

Types of Loans HR360+ Can Manage

Loans HR360+ Can Manage

  • Personal Loans – For employees’ personal needs or lifestyle expenses.

  • Emergency Loans – Quick loans during medical or urgent requirements.
  • Salary Advance Loans – Advance against upcoming salary for short-term needs.
  • Education Loans – Support employees or their families for higher education.
  • Medical Loans – Financial assistance during health emergencies.
  • Custom Loan Options – Fully configurable to match company-specific policies.