Setting up taking Loan Policy

Explanation of setting up loan policies based on the organization's policy, if available, to regulate the process of managing employee loan requests through the self-service application.

Setting up the loan policy:

1. Access the settings page.
2. Go to the payments section.
3. Click on the Loans tab from the options menu on the payments page.
4. Under the "Loan Policy" heading, you can set up your establishment's policy by specifying the following:

📢 Specify the maximum amount an employee can request as a loan by selecting the number from the numbers box in front of this option, which represents the maximum number of salaries required to be paid as a loan to the employee. It should be noted that the employee can request a loan amount less than or equal to the maximum limit defined in the system in the organization's account.

📢 Specify whether the amount will be calculated based on the basic salary value or the total salary by clicking on the required type under the specified numbers box for the number of salaries.

📢 You can also specify if the employee can apply for more than one loan. While having another active loan, the employee can switch between yes to apply this option or no not to apply it, knowing that the total limit of loan amounts available to the employee (the value calculated based on the number of salaries) is not affected by this option.

By doing so, you have completed setting up the loan policy for your organization. Don't forget to click the save button to ensure its availability to all employees when they wish to apply for a loan through the self-service Jisr.