KaiZenHR Enterprise Loan Interest Subsidy Management Module provides the abilities to manage all kinds of loan records provided by a company to its staff force and tracking of the subsidy entitlement and claims.
It provides the avenue to compute interest of loan and create the full loan repayment schedule to determine the subsidy to be paid to the staff.
Some key features of the module includes:-
- User definable types of loans.
- Supports multiple loans for each subsidy instance.
- Ability to define multiple borrowers for each loan.
- Maintain and tracks Progressive Interest Subsidy and Repayment Interest Subsidy.
- Maintains complete records of loan principal repaid and interest earned.
- Scriptable Loan Repayment Schedule Generation supports Yearly Rest, Monthly Rest, Fix Rated type of loans
- Auto Calculation of progressive and repayment interest subsidy with ability to apportion subsidy amount among borrowers of the same loan.
- Maintain full loan balance reporting.
- Provides comprehensive analysis and operation tracking reports
- Maintains multiple companies database
- Integration to Payroll for Benefit-In-Kind Tax Reporting