Loans and Advances

Best HRMS Software in India  GB HERMES

Key Features of GB HERMES Loan & Advances Module

  Loan Policy Master: Define eligibility rules such as maximum loan amount, EMI limit, and installment frequency, with deductions on a monthly, bi-monthly, or weekly basis.

  Employee/HR Initiation: Both employees and HR can initiate loan requests.

  Flexible Loan Control: Easily skip, extend, or adjust EMI amounts during the repayment lifecycle.

  Multi-level Approval: Loan workflows support multi-tier approval via front-end setup.

  Bulk Import: Import employee loan data in bulk for faster onboarding.