# Approving loans and salary advances

> Approve, reject or change the sanctioned amount and duration of loan and salary advance applications.

Source: https://intelliob.com/docs/accord/team-admin/approve-loans-advances

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

![Approve Loan Applications](https://intelliob.com/docs-assets/accord/team-admin/11-loan-approvals.webp)
*Approve Loan 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.
   ![Edit & Approve Loan](https://intelliob.com/docs-assets/accord/team-admin/12-loan-edit-approve.webp)
   *Edit & Approve Loan*
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](https://intelliob.com/docs/accord/self-service/loan) or [Salary Advance](https://intelliob.com/docs/accord/self-service/salary-advance) page.