Automate and simplify employee loan processing
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Streamlined Loan Requests
Voyon Folks Loan Management module allows employees to request loans directly through the HRMS portal, specifying loan amount, repayment period, and purpose—all within a seamless workflow.
Automated Salary Deductions
Once approved, the system auto-deducts EMI amounts from salaries as per the agreed repayment terms, reducing manual intervention and ensuring consistency.
Configurable Loan Policies
HR can define rules such as loan limits, interest rates, repayment terms, and eligibility criteria, aligning with organizational policy and financial strategy.
Streamlined Loan Management for transparent employee financing
Our HRMS software's Loan Management service simplifies and automates the complete employee loan process from request to settlement. Built to enhance financial transparency and facilitate accurate tracking, this facility empowers HR and finance departments to manage employee loans efficiently, transparently, and compliantly. Employees can submit a direct loan request in the self-service portal by selecting the loan type, amount, and repayment period. HR managers can track and approve requests against set eligibility criteria and company policy in order to apply uniform and fair treatment to all employees.
Read MoreSmarter Loan Management, less paperwork
A complete solution to track employee loans and repayments, from approval to settlement, directly integrated with payroll.
Loan Request Dashboard
Approval Workflow
Repayment Schedules
Policy Configuration
Auto Loan Recovery
Final Settlement Handling
Why Voyon Folks Loan Service matters
Ensure financial transparency and operational efficiency by centralizing loan data and automating recovery.
