Staff loans recovered automatically through payroll
Issue salary-advance, personal and emergency loans with EMI schedules, recover instalments through monthly payroll, and collect or write off balances after an employee exits.
- EMI schedules
- Payroll recovery
- Policy caps
| # | Period | EMI | Interest | Principal | Balance |
|---|---|---|---|---|---|
| 1 | Oct 26 | ₹9,264 | ₹1,000 | ₹8,264 | ₹91,736 |
| 2 | Nov 26 | ₹9,264 | ₹917 | ₹8,347 | ₹83,389 |
| 3 | Dec 26 | ₹9,264 | ₹834 | ₹8,430 | ₹74,959 |
| 4 | Jan 27 | ₹9,264 | ₹750 | ₹8,514 | ₹66,445 |
EMIs recovered automatically through monthly payroll.
What loans & advances does in NeevHR
EMI schedules
Flat or reducing-balance interest with a full amortization schedule and live preview.
Payroll recovery
EMIs are recovered automatically in each monthly payroll run.
Policy caps
Principal, tenure and rate caps, with approvals parked above a threshold.
Post-exit residuals
Record external repayments or write off balances with second-approver controls.
Set as rule sets by your HR admin, assigned to employee groups.
- Loan types and policy caps
- Interest method
- Approval thresholds
- Write-off separation of duties
Every list becomes a report; every report a chart that drills to records.
- Outstanding by type
- EMI recovery schedule
- Write-offs
Loans & advances does not run in a silo
Like every module, it sits on one effective-dated employee record, with India's statutory rules, configuration and governance shared across the platform.
Built for India, only India
PF, ESI, PT, TDS and LWF, gratuity, bonus, POSH and the DPDP Act 2023 are in the core, not an add-on. INR and the India financial year throughout.
Right-sized for the mid-market
Process discipline and statutory accuracy for 500 to 5,000 employees, without the cost or the multi-year rollout of a tier-one suite.
Live in 4 to 8 weeks
A focused implementation measured in weeks, not quarters. You start running real payroll and attendance fast.
Configured by your HR admin
Leave, attendance, payroll, expense and appraisal are configurable rule sets assigned to employee groups. A trained HR admin owns it, no certified consultant required.
Explore related modules
One platform, one employee record.
See loans & advances on your own data
A tailored walkthrough for your team, no generic deck.