Loan Master helps create the various loans applicable to your company. The loans created can be selected when adding new loan records. 

Follow the steps below to create a loan.

On the Home Page click Transactions”. 


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Go to “Spend, Loan Management”  

Click “Salary, Loans, and Advances”. 


 

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Click “Loan Master” under “Configure”. 


 

 

 

 

Enter the following details: 

Loan Name 

Abbreviation of the loan 

Select the loan type from the Map To drop-down list. 


 

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Enter the Interest Effective Date”. 

The Applicable Interest Rate is populated based on the current prevailing rate. You can update/modify the same. 

 

Check the box “Is Active”. 

 Click “Save”. 

 

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The created Loan will be displayed. 


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