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
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.
How loans & advances works, step by step
- 1
Apply
Employees apply within policy limits shown on the form.
- 2
Approve
Approvals route by amount and loan type.
- 3
Recover
EMIs are deducted in each payroll run.
- 4
Close
Foreclose, write off with a second approver, or recover in F&F.
Benefits
- No manual EMI entries in payroll
- Balances are recovered in full and final settlement
- Write-offs need a second approver
Who uses it
- Employees
- Apply and see their schedule.
- HR and finance
- Approve and administer loans.
- Payroll
- Sees EMIs deducted automatically.
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, LWF and TDS, gratuity, bonus and the DPDP Act 2023 are part of the core product, not an add-on. INR and the India financial year throughout.
Depth without the drag
Process discipline and statutory accuracy for growing and mid-market companies, without the cost or the multi-year rollout of a tier-one suite.
A guided go-live
Implementation time depends on employee count, data quality, integrations and payroll complexity.
Configured by your HR admin
Leave, attendance, payroll, expense and appraisal are configurable rule sets assigned to employee groups. A trained HR admin can own them, no certified consultant required.
Loans & advances: frequently asked questions
Can an employee have more than one loan?
Yes. Multiple loans per employee are supported, each with its own EMI schedule.
Explore related modules
One platform, one employee record.
Guides and calculators
See loans & advances on your own data
A tailored walkthrough for your team, no generic deck.