Navigation: Loans And Advances -> ESS Loans
Packages: Enterprise/Plus Modules
This is landing page for Employees when they click on ESS Loans from Loans & Advances. By default, it will show Loan history screen as following.
Filter By Status: Following drop down option is available on top right corner of the loan history page. By selecting any of the option available in this drop down list, it will filter and display the data in the loan history grid accordingly.
Below are the grid columns
Loan Type: Loan which we availed or requested. For Ex. Home Loan, Vehicle Loan, Education Loan, Salary Advance etc.
Loan Amount/Tenure: Loan amount sanctioned/tenure of that loan is displayed.
Outstanding Principal/Monthly EMI: Balance principal amount as of this month and monthly EMI amount are displayed.
Interest Type @ROI: Interest calculation method opted for this loan type and rate of interest are displayed.
Request Date: Loan requested date is displayed.
Status: Every loan has life cycle with certain actions. Current stage of that loan is displayed here. All statuses with available action at that stage is explained in the below table.
Actions will be different based on current loan status. Actions can be browsed as highlighted in below picture.
Table for list of statuses and actions available for each status.
|Approval Process in Progress||This status can be seen when loan application is due for further approval's by the managers, HOD and HR as per company approval work flow through ESS/MSS.||View Details|
|Sanction Pending||This status can be seen after all the approvals completed (Approved) from ESS/MSS. This status represents that pending for sanction of the loan by Finance/Admin through ASS.||View Details|
|Loan Sanctioned (Request for Disbursement)||This status can be seen once loan is sanctioned by Finance/Admin.||View Details|
Request for Disbursement
|Pending For Disbursement||This status can be seen once employee requests for loan disbursement||View Details|
|Loan Disbursed||This status can be seen once Finance department disburse the loan amount||View Details|
|EMIs Initiated||This status can be seen once first EMI is processed through payroll.||View Details|
|Loan Cleared||This status can be seen when the entire loan amount is cleared or paid by the employee.||View Details|
|Approval Process Rejected||This status can be seen when any of the approver (as per the configured work flow) rejects the application.||View Details|
|Cancelled Request||This status can be seen when loan request is cancelled by the Employee/Manager/HOD/Finance.||View Details|
|Reject Disbursement Request||This status can be seen once the loan is sanctioned and employee is not willing to take the loan amount. Upon his rejection for loan disbursement Finance Head will be notified.||View Details|
|Sanction Rejected||This status can be seen when Finance Head/Admin rejects the loan at sanction pending status.||View Details|
Action - View Details: This action will redirect you to following page where you can see complete loan details.
Clicking on will download complete loan statement in PDF format.
Action - Cancel Request: This action will cancel the loan application which was requested and displays following message.
Action - Request for Disbursement: This action will request finance team to disburse the loan amount.
Action - Not Interested: This action will popup following screen where Employee has to enter comments and click on 'submit' button. This action rejects the disbursement and cancel the loan application.