Define Loans

After defining allowances in the system, the user moves to the step of defining Loans.

Steps to set up a Loan policy:

1. The user will see the predefined policies on the screen, which they can activate, deactivate, or modify.

2. To define a new Loan policy in the system, the user clicks "Add loan".

3- The user then enters the Loan policy data, including the following:

Policy name in Arabic and English

Policy type

Specify the method and mechanism for reflecting the payment method for this type of loan (inside the payroll or outside the payroll, and set the default calculation method that aligns with the organization's policy).

4- Click "Submit"

Note: the user can specify the method for calculating the loan, Max monthly salaries for loan and if it allow multiple active loans for an employee.