Employee Loan Management Application
- Set various types and employee loan rights
- Enable employees to apply for loans online
- Manage terms, methods, up to loan tenor
- Automate loan payment process calculation
Financial Solutions to Help Employees Who Need Additional Funds
Increase employee loyalty and retention by helping with financial difficulties through an employee loan program that is easy to manage from application to payment completion.
Easily Group Various Types of Loans That Can Be Applied For
- Create a list of what types of loans can be applied for by employees
- Enter all loan lists that can be applied for into one group with the Loan Type Group menu.
Establish Comprehensive Loan Application Requirements
- Set loan recipient categories, for example cash fund loans for contract employees or only permanent employees.
- Arrange criteria and regulations regarding loan applications to be made by employees.
- Decide on interest based on the nominal loan applied for by the employee.
- Limit the loan ceiling that can be applied for and the payment tenor.
Determine Reasons for Suspending the Applied Loan Process
- Create a list of suspended loan payment collectability.
- Help HR identify what causes loans to be terminated.
Select Loan Applications Based on Standardization of Lending Criteria
- View the list of employees who apply for loans.
- Accept or reject employee loan applications
- Ensure the validity and necessity of the loan
Flexibility in the Loan Payment Process
- Allows admins to change loan payment schedules.
- Change the payment method that has been applied.
Access detailed tenor information from employee loans
- Know the complete information of the list of approved loans.
- Identify the loan payment process carried out by employees.
- Automate the calculation of loan installments that have been paid.
Advantages of Using Loan Management Software
With LinovHR, get ease in managing transparent and error-minimized employee loan facilities for both HR and employees.
Process Efficiency
Enables HR and employees to automate most of the loan process, from application to approval and payment.
Transparency
Facilitates real-time tracking of loan status and payments.
Risk Management
Enables managers to assess potential risks and employee's ability to pay.
What Our Clients Say
Trusted by Thousands of Companies
Hear directly from HR professionals and business leaders who transformed their operations with LinovHR.
“The LinovHR app is very easy to use and user-friendly for all employees.”
PT PLN NPC
Mahbub Bundari - Staf TI
Manage Employee Loans More Easily Now!
Contact our team for a free consultation regarding the Loan Management System.