Configure loan types with interest rates, maximum loan amounts, and required document checklists. Each document can be marked as mandatory to enforce uploads before loan submission.

When a loan type is marked as Salary Advance, interest rate, maximum amount, and required document fields are automatically hidden — keeping the configuration simple and focused.

Employees can submit a loan request by selecting the loan type, entering the loan amount, and specifying the number of installments. The interest rate is automatically pulled from the loan type configuration, and the total repayable amount and balance are calculated instantly. Required documents such as Aadhar Card and Salary Certificate are auto-populated in the Documents tab based on the selected loan type. When a Salary Advance type is selected, the Documents tab is hidden, the number of installments is automatically set to 1, and any attempt to change it will trigger a validation alert — ensuring salary advances are always settled in a single payment.

Once an employee submits a loan request, HR managers and loan officers can review the application along with all uploaded supporting documents. The Approve and Refuse buttons are available to authorized users, allowing them to either proceed with the loan or reject it. All actions are logged automatically in the chatter for complete audit tracking.

Once a loan is approved and disbursed, a repayment schedule is automatically generated based on the loan amount, interest rate, and number of installments. Each installment shows the due date and amount, and can be marked as paid individually. The complete approval journey — from Draft through Submitted, Approved, and Disbursed — is recorded in the chatter for full audit visibility.

All loan requests are displayed in a color-coded list view for quick status identification. Use the built-in filters to view loans by status — Draft, Submitted, Approved, Disbursed, Repaying, Repaid, or Closed. Group loans by Employee, Department, or Status for better visibility. The "My Loans" filter is applied by default, so employees see only their own requests.

Once all repayment installments are marked as paid, the loan status automatically moves to Repaid and the Balance becomes zero. The Close button becomes available to authorized users, allowing the loan to be formally closed. The complete loan lifecycle — from creation through every status change — is fully recorded in the chatter, ensuring transparent and auditable loan management.