Loan Approval

Loan Approval is the process where a loan request made by an employee is reviewed and either approved or rejected. Once approved, the loan amount is sanctioned, and repayment terms are set.

From here, you can see the list of all applied loans with the following details:

• Date: The date the loan was applied.

• User: The employee who applied for the loan.

• Department: The department to which the employee belongs.

• Type: The type of loan applied.

• Amount: The total loan amount.

• Monthly Installment: The installment amount to be paid monthly.

• Due: The remaining amount to be paid.

• Status: The current status of the loan.

• Action: The available actions for managing the loan.

  
  

Search: You can find out any specific loan from the list by using the search.

Export Data: You can export data table from here

By clicking the select button, if your loan status is Pending, you can perform the following actions:

• View: You can view the details of the loan request. To approve the loan request, click on the View button.

• Approve: After clicking View, a modal will appear. Scroll down in the modal and select Approved from the dropdown to approve the loan.

  
  

  
  

  
  

  Delete: By clicking the select button you can also delete the applied loan from  the list.

  
  

  
  

  
  

  By clicking the select button, if your loan status is approved, you can perform the following actions:

  • View: You can view the details of the loan.

  • Journal Transaction: You can view or manage the journal transactions related to the loan.

  • Audit History: You can view the audit history of the loan, including changes and updates made over time.