Enkept HRMS · Finance
Employee loan and salary advance management
Handle employee loan and advance requests with approvals and automatic EMI recovery through payroll.
What is Enkept Loan & Advances?
Enkept Loan & Advances manages employee financial assistance. Staff request loans or salary advances, managers approve them, and repayments are recovered automatically through payroll.
Key loan & advances capabilities
- Loan types, rules and interest policies
- Requests, approvals and rejections
- EMI schedules with interest and penalties
- Repayments and auto-deductions
- Employee loan history portal
How it works
- 01
Employee requests a loan or advance
- 02
Approval workflow runs
- 03
Amount is disbursed
- 04
Repayments deduct via payroll
What you gain
01
Transparent process
Requests and approvals are tracked.
02
Automatic recovery
EMIs deduct from salary without manual work.
03
Employee wellbeing
Support staff when they need it.
Built for these industries
Teams in these sectors use loan & advances every day.
Works with other HRMS modules
Every module shares one employee record, so data flows without re-entry.
Pricing
Included in Growth.
Loan & Advances — FAQs
Are loan repayments deducted from salary?+
Yes. Recoveries are handled through payroll.
Is there an approval workflow?+
Yes. Requests go through approval before disbursal.
Which plan includes it?+
Loan & Advances is part of Growth.
Run your whole business on one suite.
14-day free trial. No credit card. Migration help included.