Loan Waiver/Closure allows users to waive/close the whole pending loan amount for the selected employees.

 

Go to Employees menu >> More tab >> expand Transactions section >> under Loan >> click on Closure/Waiver

 

1. Enter Waiver Date

2. Select the Employee Name & the Loan Name from the Dropdown lists.

3. Information in the rest of the fields will be populated automatically i.e., Loan Amount, Waived Amount and Amount Paid Till Date

4. Enter Comments i.e., descriptions / reasons for waiving off loan amount, if any


Click on Save button to save the information