Pocket HRMS software allows you to provide loans to your employees. It can be included as a regular deduction component to their salary.
An admin or HR can select or deselect interest application on a loan. If the admin chooses to deduct loan installment along with interest, the employee then needs to provide monthly installments plus the interest amount.
Whereas, Pocket HRMS dashboard makes it very easy to apply and configure loans for employees and admin respectively.
To learn more about loan configuration, click on 'Next | Configuration' 👇