Employee Loan & Salary Advance
Loan/advance request, approval, installment repayment plan, payroll-deduction link, remaining balance
Employee Loan & Salary Advance lets employees request a salary advance or a formal loan, run it through an approval chain, and track its repayment down to the last cent, all without requiring the Enterprise payroll app. It depends only on the Community hr module, so any company can offer structured, auditable employee loans.
Key Features
Request & Approval Workflow
Employees (or HR on their behalf) submit an advance/loan request with amount, optional annual interest rate and desired number of installments, moving through a draft, submitted, approved/rejected workflow with full chatter audit trail.
Automatic Repayment Plan Generation
Once approved and disbursed, a pure-Python, unit-tested engine generates the installment schedule automatically using either equal installment (amortised) or declining balance (flat principal) methods.
Optional Interest Calculation
Annual interest rate is fully supported by the scheduling engine for both methods; setting a 0% rate produces a simple interest-free advance schedule.
Installment Tracking & Repayment Wizard
Each installment line records its due date, principal/interest split, opening/closing balance and paid status, with a dedicated repayment wizard to record a payment against the next or any outstanding installment.
Live Remaining Balance
The outstanding principal is always shown live and automatically recomputed as installments are marked paid.
Payroll-Deduction Ready Field
Every loan exposes the deduction amount and date due at the next payroll run as a clean integration point for any payroll process, without depending on or writing to hr_payroll.
Early Closure
Pay off the remaining balance in one go, with the option to waive the remaining scheduled interest.
Automatic State Progression & Role-Based Security
The loan moves from disbursed to repaying on the first payment and to closed once the balance settles; employees see and request only their own loans while HR managers get full configuration, approval and disbursement access.
Use Cases
Screenshots
01 Loans List
02 Loan Form
04 Installments List
Why Choose This Module
Many companies want to offer employee loans or salary advances as a benefit, but Enterprise payroll modules are often overkill or unavailable. This module gives HR a complete request, approval and amortisation engine on top of the Community hr module alone, so employee lending stays transparent, auditable and easy to reconcile without a heavier payroll dependency.
Specifications
- Compatible: Odoo 18.0 / 19.0
- License: OPL-1
- Languages: 35+
- Author: Pokutsoft
- Dependencies: hr
- Support: odoo@gencbaris.com
- Update date: 2026-07-13
| Availability |
Odoo Online
Odoo.sh
On Premise
|
| Odoo Apps Dependencies |
•
Employees (hr)
• Discuss (mail) |
| Lines of code | 1151 |
| Technical Name |
employee_loan_salary_advance |
| License | OPL-1 |
| Website | https://pokutsoft.com/ |
Odoo Proprietary License v1.0 This software and associated files (the "Software") may only be used (executed, modified, executed after modifications) if you have purchased a valid license from the authors, typically via Odoo Apps, or if you have received a written agreement from the authors of the Software (see the COPYRIGHT file). You may develop Odoo modules that use the Software as a library (typically by depending on it, importing it and using its resources), but without copying any source code or material from the Software. You may distribute those modules under the license of your choice, provided that this license is compatible with the terms of the Odoo Proprietary License (For example: LGPL, MIT, or proprietary licenses similar to this one). It is forbidden to publish, distribute, sublicense, or sell copies of the Software or modified copies of the Software. The above copyright notice and this permission notice must be included in all copies or substantial portions of the Software. THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL THE AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM, OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN THE SOFTWARE.
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