Loans & Advances
Salary advances and staff loans, minus the ledger book
Staff loans tracked on paper leak money — missed deductions, disputed balances, exits with loans outstanding. HRSoftwareAfrica digitises the entire cycle: employees apply in self-service, approvals follow your workflow, and repayments deduct from payroll automatically until the balance clears.
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Interest and installments compute per your terms, and every employee sees a live loan statement.
Deductions never missed
Repayment schedules deduct automatically from each payroll run until fully repaid.
Clear terms up front
Interest and installment computation shows employees exactly what they'll repay before they accept.
Approvals with control
Loan applications route through configurable approval workflows with limits per grade.
Balances always current
Live loan balances and statements end disputes and simplify exits and final settlements.
Capabilities
Everything inside Loans & Advances
- ✓Salary advance requests
- ✓Loan application and approval workflows
- ✓Repayment schedules and auto-deduction from payroll
- ✓Interest and installment computation
- ✓Loan balance and statement tracking
Frequently asked questions
Outstanding balances surface in the offboarding final settlement computation so they're recovered before exit.
Related
Works even better with
Payroll Processing
Run accurate gross-to-net payroll in minutes: configurable pay elements, prorations, arrears, approvals, payslips and GL export.
Explore →Employee & Manager Self-Service
Give employees their payslips, balances and requests — and managers their approvals — on web and mobile, with email, push and WhatsApp notifications.
Explore →Expense & Reimbursement
Submit expense claims with receipts, enforce policy limits, approve on the go and reimburse through payroll or direct payment.
Explore →See Loans & Advances on your own data
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