Approving loans and salary advances

Loan and salary advance applications work the same way. Open Team Admin → Team Alerts → Loan Applications or Salary Advance Applications.

Approve or reject as requested

1. Review the application

   Select it in the list to see Application Details below — amount requested, duration, (for advances) the monthly deduction, and the reason.

2. Add a comment

   A comment is required — it's sent to the employee.

3. Approve or reject

   Select the approve (✓) or reject (✗) button next to Edit & Approve. You'll see Application approved successfully. or Application rejected successfully.

Sanction a different amount

1. Open Edit & Approve

   Select Edit & Approve on the application.

2. Change the terms

   Set the Sanction Amount and the duration — Duration (Years) and Duration (Months) for a loan, or Duration (Months) and Monthly Deduction for an advance.

   

3. Approve

   Add your Comments (they're mandatory) and select Update & Approve. You'll see Application has been updated and approved.

The employee sees the Sanctioned Amount on their Loan or Salary Advance page.