Financial Flexibility for Your Workforce 

Say goodbye to manual processes and hello to automation! Manage employee loans and advances effortlessly with our robust Employee Loan Management System, integrated seamlessly into our HRMS solution for streamlined tracking and management. 

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Our Features

The Perfect Fit: Loans and Advances Management

Flexible Loan Eligibility

Flexible Loan Eligibility

Define loan eligibility criteria based on employee salary and tenure to match your organization's policies.

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Simplified Loan Application Process

Simplified Loan Application Process

Employees can apply for loans seamlessly, while managers enjoy easy approval workflows.

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Customizable Interest Settings

Customizable Interest Settings

Configure and apply interest rates—fixed, reducing, or no interest—to suit organizational policies.

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Flexible EMI Management

Flexible EMI Management

Track loan disbursements, EMI recoveries, and make adjustments or pauses with ease.

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Accurate Loan Deductions

Accurate Loan Deductions

Automate EMI calculations and ensure error-free payroll deductions across loan tenures.

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On-Demand Salary Advances

On-Demand Salary Advances

Enable employees to request salary advances effortlessly, with automated repayment tracking.

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Support Employees in Times of Need

Support Employees in Times of Need

Enhance employee satisfaction by offering financial flexibility through loans and advances.

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Support your team with instant access to loans and advances.

Simplify financial assistance today!

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FAQS

Frequently Asked Questions

An Employee Loan Management System is a software solution that allows companies to efficiently manage employee loans, track repayment schedules, and maintain accurate records. SkizzleHR’s system simplifies the process, ensuring compliance and transparency.

Configurable loan policies allow businesses to customize loan terms, eligibility, and repayment structures based on their specific needs. This flexibility ensures that your organization can offer personalized loan options to employees while maintaining consistency and compliance.

EMI (Equated Monthly Installment) management helps businesses track and manage loan repayments made by employees through monthly installments. SkizzleHR’s system automates EMI tracking, ensuring accurate deductions and timely repayments without manual intervention.

SkizzleHR simplifies the management of employee advances and bonuses by automating calculations, tracking disbursements, and integrating these processes with payroll. This reduces administrative workload and ensures accurate payments.

Yes, SkizzleHR’s Employee Loan Management System seamlessly integrates with compensation modules, allowing businesses to manage loans, advances, and bonuses in a unified platform. This ensures efficient tracking and management while reducing errors and ensuring compliance.