# OpenHRMS Loan Management

Manage Loan Request of Employees

## Explore This Module

Overview Learn more about this module
Features View features of this module
Screenshots View screenshots for this module

## Overview

Open HRMS Loan is a component of Open HRMS suit. Open HRMS Loan module helps the user to configure different loan policies, assign approval authority, conduct the verification process and sanction loan for employees.

## Features

Employee can create loan request
Double layer approval, from Accounting & HR Department.
Loan amount is deducted from the salary.
Current month installment is automatically listed in payslip.

## Screenshots

### Enabling option

Enable the option "Loan Approval From Accounting Department" In accounting settings

### Adding deduction rule

Add the deduction rule for loan in Salary Structure.

### Creating request

Employee can create loan request

### Making decisions

Once the HR department has given the Approval, the accounts department take the decision.

### Listing pending installments

When we create the payslip, all the pending installments of the month will be listed there.

### Checking loan requests changes deducted installments to paid

When we check the Loan request again, the deducted installments will be changed to paid.

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